Okinaka Shannon Lei 4

What Happened Shannon Okinaka, a director of Universal Technical Institute, disposed of 10,000 shares in an open-market sale on March 6, 2026. The Form 4 reports a weighted-average sale price of $34.74 per share for a total proceeds of approximately $347,414. This was a sale (disposition), which is often routine portfolio activity and not necessarily a signal of company outlook.

Key Details

• Transaction date: March 6, 2026; Form 4 filed March 9, 2026 (no late filing indicated in the provided data).
• Reported price: weighted average $34.74; prices in the execution range: $34.54 to $35.3456 (see footnote).
• Shares sold: 10,000; proceeds ≈ $347,414.
• Shares owned after the transaction: not specified in the excerpt provided.
• Footnote: the reported price is a weighted average; the filer says they can provide the number of shares bought/sold at each separate price on request.
• Transaction type code: S (sale / disposition).

Context Sales by directors are common and can reflect personal liquidity needs, diversification, or routine trading plans. The filing indicates an open-market sale and does not show any option exercise, award, gift, or 10% owner status in the provided excerpt. For a fuller picture, check the complete Form 4 (including post-transaction holdings) and other recent insider filings.