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[Form 4] Orion Energy Systems, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

UiPath, Inc. (PATH) – Form 4 insider filing

Chief Operating & Financial Officer Ashim Gupta reported a Rule 16b-3 code “F” transaction dated 07/01/2025. The company withheld 71,009 Class A shares at an implied price of $12.80 per share (≈ $0.9 million) to satisfy taxes triggered by the vesting and settlement of previously granted RSUs. Following the withholding, Gupta directly owns 916,313 Class A shares. No open-market purchases, sales or derivative transactions were disclosed.

The event is administrative in nature—tax-related share withholding—rather than a discretionary trade. As such, the filing does not signal a change in Gupta’s view of UiPath’s prospects, but it does reduce his stake by roughly 7 %.

UiPath, Inc. (PATH) – Comunicazione interna Modulo 4

Il Chief Operating & Financial Officer Ashim Gupta ha riportato una transazione con codice “F” secondo la regola 16b-3, datata 01/07/2025. La società ha trattenuto 71.009 azioni di Classe A a un prezzo implicito di 12,80 $ per azione (circa 0,9 milioni di dollari) per coprire le imposte generate dal consolidamento e regolamento di RSU precedentemente assegnate. Dopo questa trattenuta, Gupta possiede direttamente 916.313 azioni di Classe A. Non sono state segnalate operazioni di acquisto, vendita o transazioni su derivati sul mercato aperto.

L’evento è di natura amministrativa—ritenuta fiscale sulle azioni—e non una negoziazione discrezionale. Pertanto, la comunicazione non indica un cambiamento nella valutazione di Gupta sulle prospettive di UiPath, ma riduce la sua partecipazione di circa il 7%.

UiPath, Inc. (PATH) – Presentación interna Formulario 4

El Director de Operaciones y Finanzas Ashim Gupta reportó una transacción con código “F” bajo la regla 16b-3, fechada el 01/07/2025. La empresa retuvo 71,009 acciones Clase A a un precio implícito de $12.80 por acción (aproximadamente $0.9 millones) para cubrir impuestos derivados de la consolidación y liquidación de RSU previamente otorgadas. Tras esta retención, Gupta posee directamente 916,313 acciones Clase A. No se divulgaron compras, ventas o transacciones con derivados en el mercado abierto.

El evento es de naturaleza administrativa—retención de acciones por impuestos—y no una operación discrecional. Por lo tanto, la presentación no indica un cambio en la opinión de Gupta sobre las perspectivas de UiPath, pero reduce su participación en aproximadamente un 7%.

UiPath, Inc. (PATH) – 내부자 신고서 Form 4

최고운영재무책임자(COO & CFO) Ashim Gupta가 2025년 7월 1일자 Rule 16b-3 코드 “F” 거래를 보고했습니다. 회사는 이전에 부여된 RSU의 베스팅 및 정산으로 발생한 세금을 충당하기 위해 주당 $12.80의 암묵적 가격으로 71,009 클래스 A 주식을 원천징수했습니다(약 90만 달러). 원천징수 후 Gupta는 직접 916,313 클래스 A 주식을 보유하고 있습니다. 공개 시장에서의 매수, 매도 또는 파생상품 거래는 보고되지 않았습니다.

이번 거래는 임의 매매가 아닌 세금 관련 주식 원천징수라는 행정적 성격의 사건입니다. 따라서 이번 신고는 Gupta의 UiPath 전망에 대한 견해 변화를 나타내지 않으며, 그의 지분을 약 7% 정도 줄이는 결과를 가져왔습니다.

UiPath, Inc. (PATH) – Déclaration d'initié Formulaire 4

Le Directeur des opérations et financier Ashim Gupta a déclaré une transaction sous le code « F » conformément à la règle 16b-3, datée du 01/07/2025. La société a retenu 71 009 actions de Classe A à un prix implicite de 12,80 $ par action (environ 0,9 million de dollars) pour couvrir les impôts générés par la levée et le règlement d’actions restreintes (RSU) précédemment attribuées. Après cette retenue, Gupta détient directement 916 313 actions de Classe A. Aucune opération d’achat, vente ou transaction sur dérivés en marché ouvert n’a été divulguée.

L’événement est de nature administrative – retenue d’actions pour impôts – et non une transaction discrétionnaire. Ainsi, cette déclaration ne reflète pas un changement dans la perception de Gupta sur les perspectives d’UiPath, mais réduit sa participation d’environ 7 %.

UiPath, Inc. (PATH) – Insider-Meldung Formular 4

Der Chief Operating & Financial Officer Ashim Gupta meldete eine Transaktion mit Regel 16b-3 Code „F“ vom 01.07.2025. Das Unternehmen behielt 71.009 Class A Aktien zu einem impliziten Preis von 12,80 $ pro Aktie (ca. 0,9 Mio. $) ein, um Steuern zu begleichen, die durch die Vesting und Abrechnung zuvor gewährter RSUs ausgelöst wurden. Nach der Einbehaltung besitzt Gupta direkt 916.313 Class A Aktien. Offenmarkt-Käufe, Verkäufe oder Derivatgeschäfte wurden nicht gemeldet.

Das Ereignis ist administrativer Natur – steuerbedingte Aktieneinbehaltung – und keine diskretionäre Transaktion. Daher signalisiert die Meldung keine Änderung in Guptas Einschätzung der Aussichten von UiPath, reduziert jedoch seinen Anteil um etwa 7 %.

Positive
  • Executive retains 916,313 Class A shares, underscoring continued insider alignment with shareholders despite tax-related share surrender.
Negative
  • Reduction of 71,009 shares (≈ 7 % of prior stake) slightly lowers insider ownership, which some investors may perceive as marginally negative even though it is tax-driven.

Insights

TL;DR: Routine tax withholding; no directional signal, minimal market impact.

The Code F designation confirms that the 71,009 shares were surrendered solely to cover statutory taxes on RSU vesting. Because no open-market trade occurred, liquidity and price discovery are unaffected. Post-transaction ownership of 916,313 shares keeps Gupta highly aligned with shareholders. Investors should view the filing as neutral housekeeping rather than a valuation cue.

TL;DR: Standard compliance step; insider still retains a sizable position.

Form 4 demonstrates proper Section 16 reporting and Rule 16b-3 compliance. The 7 % reduction in Gupta’s holdings is modest and mechanically driven, maintaining robust insider ownership—an indicator of continued commitment to the company. No governance red flags emerge.

UiPath, Inc. (PATH) – Comunicazione interna Modulo 4

Il Chief Operating & Financial Officer Ashim Gupta ha riportato una transazione con codice “F” secondo la regola 16b-3, datata 01/07/2025. La società ha trattenuto 71.009 azioni di Classe A a un prezzo implicito di 12,80 $ per azione (circa 0,9 milioni di dollari) per coprire le imposte generate dal consolidamento e regolamento di RSU precedentemente assegnate. Dopo questa trattenuta, Gupta possiede direttamente 916.313 azioni di Classe A. Non sono state segnalate operazioni di acquisto, vendita o transazioni su derivati sul mercato aperto.

L’evento è di natura amministrativa—ritenuta fiscale sulle azioni—e non una negoziazione discrezionale. Pertanto, la comunicazione non indica un cambiamento nella valutazione di Gupta sulle prospettive di UiPath, ma riduce la sua partecipazione di circa il 7%.

UiPath, Inc. (PATH) – Presentación interna Formulario 4

El Director de Operaciones y Finanzas Ashim Gupta reportó una transacción con código “F” bajo la regla 16b-3, fechada el 01/07/2025. La empresa retuvo 71,009 acciones Clase A a un precio implícito de $12.80 por acción (aproximadamente $0.9 millones) para cubrir impuestos derivados de la consolidación y liquidación de RSU previamente otorgadas. Tras esta retención, Gupta posee directamente 916,313 acciones Clase A. No se divulgaron compras, ventas o transacciones con derivados en el mercado abierto.

El evento es de naturaleza administrativa—retención de acciones por impuestos—y no una operación discrecional. Por lo tanto, la presentación no indica un cambio en la opinión de Gupta sobre las perspectivas de UiPath, pero reduce su participación en aproximadamente un 7%.

UiPath, Inc. (PATH) – 내부자 신고서 Form 4

최고운영재무책임자(COO & CFO) Ashim Gupta가 2025년 7월 1일자 Rule 16b-3 코드 “F” 거래를 보고했습니다. 회사는 이전에 부여된 RSU의 베스팅 및 정산으로 발생한 세금을 충당하기 위해 주당 $12.80의 암묵적 가격으로 71,009 클래스 A 주식을 원천징수했습니다(약 90만 달러). 원천징수 후 Gupta는 직접 916,313 클래스 A 주식을 보유하고 있습니다. 공개 시장에서의 매수, 매도 또는 파생상품 거래는 보고되지 않았습니다.

이번 거래는 임의 매매가 아닌 세금 관련 주식 원천징수라는 행정적 성격의 사건입니다. 따라서 이번 신고는 Gupta의 UiPath 전망에 대한 견해 변화를 나타내지 않으며, 그의 지분을 약 7% 정도 줄이는 결과를 가져왔습니다.

UiPath, Inc. (PATH) – Déclaration d'initié Formulaire 4

Le Directeur des opérations et financier Ashim Gupta a déclaré une transaction sous le code « F » conformément à la règle 16b-3, datée du 01/07/2025. La société a retenu 71 009 actions de Classe A à un prix implicite de 12,80 $ par action (environ 0,9 million de dollars) pour couvrir les impôts générés par la levée et le règlement d’actions restreintes (RSU) précédemment attribuées. Après cette retenue, Gupta détient directement 916 313 actions de Classe A. Aucune opération d’achat, vente ou transaction sur dérivés en marché ouvert n’a été divulguée.

L’événement est de nature administrative – retenue d’actions pour impôts – et non une transaction discrétionnaire. Ainsi, cette déclaration ne reflète pas un changement dans la perception de Gupta sur les perspectives d’UiPath, mais réduit sa participation d’environ 7 %.

UiPath, Inc. (PATH) – Insider-Meldung Formular 4

Der Chief Operating & Financial Officer Ashim Gupta meldete eine Transaktion mit Regel 16b-3 Code „F“ vom 01.07.2025. Das Unternehmen behielt 71.009 Class A Aktien zu einem impliziten Preis von 12,80 $ pro Aktie (ca. 0,9 Mio. $) ein, um Steuern zu begleichen, die durch die Vesting und Abrechnung zuvor gewährter RSUs ausgelöst wurden. Nach der Einbehaltung besitzt Gupta direkt 916.313 Class A Aktien. Offenmarkt-Käufe, Verkäufe oder Derivatgeschäfte wurden nicht gemeldet.

Das Ereignis ist administrativer Natur – steuerbedingte Aktieneinbehaltung – und keine diskretionäre Transaktion. Daher signalisiert die Meldung keine Änderung in Guptas Einschätzung der Aussichten von UiPath, reduziert jedoch seinen Anteil um etwa 7 %.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Washlow Sally A.

(Last) (First) (Middle)
2210 WOODLAND DRIVE

(Street)
MANITOWOC WI 54220

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ORION ENERGY SYSTEMS, INC. [ OESX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/01/2025 A(1) 200,000 A $0 253,580 D
Common Stock 1,000 I By Spouse
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Restricted stock granted to the reporting person under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan. The restricted stock vests and becomes exercisable with respect to 1/3 of the restricted stock on each of July 1, 2026, 2027 and 2028, respectively.
/s/ Steven R. Barth, Attorney-in-Fact for Sally A. Washlow 07/01/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many UiPath (PATH) shares did Ashim Gupta dispose of?

71,009 Class A shares were withheld by the issuer to cover taxes.

What price was assigned to the withheld PATH shares?

The filing lists an implied price of $12.80 per share.

How many UiPath shares does the CFO own after this Form 4 transaction?

Gupta directly owns 916,313 Class A shares following the withholding.

Was this an open-market sale of PATH stock?

No. The Code “F” transaction reflects tax withholding on RSU vesting, not a discretionary market sale.

Did the Form 4 report any derivative securities activity?

No derivative securities were acquired or disposed of in this filing.
Orion Energy Sys Inc

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