Kevin Prehn, Concorde Division President at Universal Technical Institute, sold 4,545 shares for approximately $182,000 on June 22, 2026, according to an SEC filing. The transaction, executed at around $40.00 per share, represented 14.40% of Prehn's direct common stock holdings, reducing his direct ownership to 27,025 shares. The sale was executed entirely from direct holdings, with no indirect or derivative transactions involved. This marks Prehn's first open-market sale in the tracked period, leaving him with more than $1 million worth of Universal Technical Institute shares. The company recently reported fiscal second-quarter revenue of $221.4 million, up 6.7% year over year, while net income fell to $0.4 million amid strategic growth investments.
Universal Technical Institute IncInsider sale by Concorde Division President reduces holdings, signaling potential lack of confidence.