UiPath (PATH) CPO & CTO details RSU and PSU equity grants in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
UiPath, Inc. executive Raghavendra Malpani reported his holdings of Class A Common Stock and equity awards. The filing lists 248,437 Restricted Stock Units granted on July 8, 2024, vesting over three years with 18.2% on October 1, 2024, 9.1% on January 1 and April 1, 2025, then 7.95% in equal quarterly installments thereafter, all subject to continuous service.
It also includes 143,704 RSUs granted on March 14, 2025, vesting in equal 1/12 quarterly installments over three years, again subject to continued service. In addition, performance-based PSUs granted on March 14, 2025 were earned based on performance achieved on February 25, 2026 and will vest over three years starting April 1, 2026. The filing also notes shares of Class A Common Stock beneficially owned, including stock acquired from prior vesting and settlement of equity awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Malpani Raghavendra
Role
CPO & CTO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 248,437 shares (Direct)
Footnotes (1)
- Includes 248,437 Restricted Stock Units (RSUs) granted July 8, 2024. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs vest over three years with 18.2% on October 1, 2024, 9.1% on January 1, 2025, and April 1, 2025, then 7.95% in equal quarterly installments thereafter, in each case, subject to continuous service through each vesting date. Includes 143,704 RSUs granted March 14, 2025. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs vest 1/12 per quarter in equal quarterly installments over the next three years, in each case, subject to continuous service through each vesting date. On March 14, 2025, the Reporting Person was granted restricted stock units, the vesting of which was subject to both performance-based and service-based criteria ("PSUs"). The number of shares reported represents the number of PSUs that were earned as a result of the achievement of such performance criteria on February 25, 2026. The earned PSUs will vest over 3 years with 33 and 1/3% of the shares vesting on April 1, 2026, and 1/12 of the shares vesting quarterly thereafter through April 1, 2028, in each case, subject to continuous service through each vesting date. Represents shares of Class A Common Stock beneficially owned by the Reporting Person, including shares acquired upon prior vesting and settlement of equity awards.
Key Figures
July 2024 RSU grant: 248,437 RSUs
March 2025 RSU grant: 143,704 RSUs
PSU performance date: February 25, 2026
+2 more
5 metrics
July 2024 RSU grant
248,437 RSUs
Granted July 8, 2024; vesting over three years with specified quarterly percentages
March 2025 RSU grant
143,704 RSUs
Granted March 14, 2025; vesting 1/12 per quarter over three years
PSU performance date
February 25, 2026
Date on which performance criteria for PSUs were achieved
PSU initial vesting
33 1/3% on April 1, 2026
First tranche of earned PSUs vests on April 1, 2026
PSU final vesting date
April 1, 2028
Quarterly vesting of remaining PSUs through April 1, 2028
Key Terms
Restricted Stock Units (RSUs), PSUs, contingent right, continuous service, +1 more
5 terms
Restricted Stock Units (RSUs) financial
"Includes 248,437 Restricted Stock Units (RSUs) granted July 8, 2024."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
PSUs financial
"the vesting of which was subject to both performance-based and service-based criteria ("PSUs")."
PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock"
continuous service financial
"in each case, subject to continuous service through each vesting date."
beneficially owned financial
"Represents shares of Class A Common Stock beneficially owned by the Reporting Person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What does UiPath (PATH) insider Raghavendra Malpani report in this Form 3?
He reports his beneficial ownership of UiPath Class A Common Stock and equity awards. This includes large RSU and PSU grants that vest over several years, reflecting his compensation structure as CPO & CTO.
How many UiPath (PATH) RSUs were granted to Malpani on July 8, 2024?
He holds 248,437 RSUs granted on July 8, 2024. These units each represent a right to receive one share of Class A Common Stock upon settlement, vesting over three years based on a detailed quarterly vesting schedule.
What are the terms of Malpani’s March 14, 2025 RSU grant at UiPath (PATH)?
He was granted 143,704 RSUs on March 14, 2025. These vest in equal 1/12 quarterly installments over three years, with each vesting date conditioned on his continuous service with UiPath.
How do Malpani’s performance-based PSUs at UiPath (PATH) vest?
The PSUs granted March 14, 2025 were earned based on performance achieved on February 25, 2026. Earned PSUs vest over three years, with one-third on April 1, 2026 and the balance vesting quarterly through April 1, 2028.
What does ‘beneficially owned’ mean in Malpani’s UiPath (PATH) Form 3?
‘Beneficially owned’ covers shares he effectively controls, including stock received from prior vesting of equity awards. The filing notes these Class A shares include amounts acquired upon earlier vesting and settlement of stock-based compensation.
Why are vesting conditions emphasized in UiPath (PATH) CPO & CTO’s equity awards?
All RSU and PSU vesting is subject to continuous service with UiPath. This structure aligns executive incentives with long-term company performance by requiring ongoing employment for equity to vest and convert into Class A Common Stock.