[SCHEDULE 13D/A] UNIVERSAL TECHNICAL INSTITUTE INC Amended Major Shareholder Report
Rhea-AI Filing Summary
Coliseum Capital-affiliated investors have exited 5% owner status in Universal Technical Institute, Inc. through large block sales and now hold smaller stakes. Coliseum Capital Management, LLC and related entities report beneficial ownership of up to 971,440 shares of common stock, or 1.76% of the company, based on 55,061,381 shares outstanding as of May 1, 2026.
On June 8, 2026, Coliseum Capital Partners, L.P. sold 2,476,047 shares and a separate advisory account sold 523,953 shares, each at $41.40 per share, in block trades. As a result, the reporting persons ceased to be beneficial owners of more than five percent of the stock, and this amendment is characterized as their exit filing. They also agreed with Morgan Stanley & Co. LLC not to sell remaining shares until after the company publicly issues its earnings release for the fiscal quarter ending June 30, 2026.
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Insights
Coliseum’s block sale moves it below 5% ownership, signaling reduced influence.
Coliseum Capital-related entities sold a combined 3,000,000 shares of Universal Technical Institute at $41.40 per share on June 8, 2026. Their largest reported beneficial position now stands at 971,440 shares, or 1.76% of the common stock, based on 55,061,381 shares outstanding.
This filing is described as an exit filing because they no longer exceed the 5% beneficial ownership threshold that triggers Schedule 13D reporting. A lock-up with Morgan Stanley & Co. LLC limits additional sales until after the company releases earnings for the fiscal quarter ending June 30, 2026, which may temporarily moderate further selling activity from these holders.