Universal Technical Institute (UTI) EVP’s spouse sells 50,000 shares in open-market trade
Rhea-AI Filing Summary
Universal Technical Institute EVP’s spouse sold 50,000 UTI shares in an open-market transaction. The indirect sale, reported by Executive Vice President and Chief Academic Officer Sherrell Smith, involved common stock at a weighted average price of $33.8377 per share, with individual trades ranging from $33.50 to $34.19.
After this transaction, 41,219 shares of common stock were indirectly held through the spouse, and Smith directly held 129,375 shares of common stock. The filing notes that detailed trade-by-trade pricing within the disclosed range is available upon request.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 50,000 shares
Net Sell
2 txns
Insider
Smith Sherrell
Role
EVP, Chief Academic Officer
Sold
50,000 shs ($1.69M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $0.0001 par value | 50,000 | $33.8377 | $1.69M |
| holding | Common Stock, $0.0001 par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, $0.0001 par value — 41,219 shares (Indirect, Spouse);
Common Stock, $0.0001 par value — 129,375 shares (Direct)
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $33.50 to $34.19. The reporting person undertakes to provide the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.
FAQ
What insider transaction did UTI’s Sherrell Smith report on this Form 4?
Sherrell Smith reported an indirect open-market sale of 50,000 shares of Universal Technical Institute common stock. The shares were held by the EVP’s spouse, and the transaction used the Form 4 code for a sale in the open market.
Was the UTI insider sale by Sherrell Smith a direct or indirect transaction?
The Form 4 identifies the 50,000-share sale as indirect ownership through a spouse. Sherrell Smith reports the transaction because of the relationship, but the shares themselves are classified as indirectly owned under SEC reporting rules.
What does the price range in the UTI Form 4 footnote mean for investors?
The footnote explains that the reported price is a weighted average, with individual trades between $33.50 and $34.19. This indicates the 50,000 shares were sold in multiple executions rather than a single trade at one uniform price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
