Okinaka Shannon Lei 4

What Happened

• Okinaka Shannon Lei, a director of Universal Technical Institute, Inc. (UTI), was granted 3,565 shares as a non‑employee director award on March 5, 2026.
• The shares were issued at $0.00 (acquisition value reported as $0) as director compensation; this was an award/grant rather than a purchase or sale.

Key Details

• Transaction date: 2026-03-05; filing date: 2026-03-06.
• Transaction type/code: Award/Grant (A); 3,565 shares acquired at $0.00 (total reported consideration $0).
• Shares owned after the transaction: Not disclosed in the Form 4 filing.
• Footnote: Award issued under the Universal Technical Institute, Inc. Amended and Restated 2021 Equity Incentive Plan and approved by UTI’s Board of Directors on March 5, 2026.
• Timeliness: Filing appears timely (transaction reported the next day).

Context

• This was compensation for board service (a grant), which is routine for non‑employee directors and does not represent an open‑market purchase or sale signal. Awards are common retention/compensation tools and should be interpreted as compensation rather than a direct bullish or bearish insider market bet.