SRERE LINDA J 4
Research Summary
AI-generated summary
Universal Technical Institute (UTI) Director Linda J. Srere Sells Shares
What Happened
Linda J. Srere, a director of Universal Technical Institute, reported an open-market sale of 15,000 shares on May 11, 2026. The Form 4 shows a weighted-average sale price of $36.59 per share, resulting in proceeds of approximately $548,801. This transaction is a sale (not a purchase), which is often routine insider liquidity rather than a directional vote on the company.
Key Details
- Transaction date: May 11, 2026 (Period of Report). Form 4 filed: May 13, 2026 — appears timely.
- Transaction type: Open-market sale (S).
- Shares sold: 15,000. Reported weighted-average price: $36.59. Total proceeds: ~$548,801.
- Price range (footnote): trades occurred at prices from $36.52 to $37.32; the $36.59 figure is a weighted average. The reporting person will furnish per-price breakdown on request (per footnote).
- Shares owned after transaction: not disclosed in the provided excerpt of the filing.
- No 10b5-1 plan, tax-withholding, gift, option exercise, or other special code was noted in the supplied details.
Context
Sales by directors can reflect routine diversification or liquidity needs and do not necessarily indicate a change in view about the company. For retail investors, this single sale (~$549k) is useful information but should be considered alongside other insider transactions, company fundamentals, and market factors.