STOCK TITAN

[Form 4] UiPath, Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Daniel Dines, CEO and Chairman of UiPath, Inc. (PATH), reported an insider sale on 09/19/2025. The Form 4 shows a sale of 122,733 shares of Class A common stock at a reported price per share averaging $11.9231 (reported range $11.7950 to $12.1200). Following the reported transactions, the filing discloses beneficial ownership interests including 2,331,934 shares held indirectly through Ice Vulcan Holding Limited and an additional 29,918,585 shares disposed (as listed) and 240,000 shares held indirectly by spouse (as shown). The filing states the sale was made under a Rule 10b5-1 qualified selling plan and notes Mr. Dines retains sole voting and investment power over shares held by Ice Vulcan entities.

Daniel Dines, CEO e Presidente di UiPath, Inc. (PATH), ha riportato una vendita da insider il 19/09/2025. Il modulo 4 mostra una vendita di 122.733 azioni Classe A a un prezzo medio per azione di 11,9231 USD (intervallo riportato 11,7950 a 12,1200). Dopo le transazioni indicate, la presentazione rivela interessi di proprietà beneficiaria tra cui 2.331.934 azioni detenute indirettamente tramite Ice Vulcan Holding Limited e ulteriori 29.918.585 azioni vendute (come elencate) e 240.000 azioni detenute indirettamente dal coniuge (come mostrato). La presentazione afferma che la vendita è stata effettuata nell'ambito di un piano di vendita qualificato secondo la Rule 10b5-1 e nota che il signor Dines mantiene potere esclusivo di voto e di investimento sulle azioni detenute dalle entità Ice Vulcan.

Daniel Dines, CEO y Presidente de UiPath, Inc. (PATH), informó una venta por inside el 19/09/2025. El Formulario 4 muestra una venta de 122.733 acciones ordinarias Clase A a un precio medio por acción de 11,9231 USD (rango informado 11,7950 a 12,1200). Tras las transacciones reportadas, la presentación divulga intereses de propiedad beneficiaria que incluyen 2.331.934 acciones mantenidas indirectamente a través de Ice Vulcan Holding Limited y además 29.918.585 acciones vendidas (según se indica) y 240.000 acciones mantenidas indirectamente por el cónyuge (según se muestra). La presentación indica que la venta se realizó bajo un plan de venta calificado Rule 10b5-1 y señala que el Sr. Dines conserva pleno poder de voto e inversión sobre las acciones poseídas por las entidades Ice Vulcan.

다니엘 다인스, UiPath, Inc.의 CEO 겸 회장(PATH),가 2025년 9월 19일 내부자 매도를 보고했습니다. Form 4는 Class A 일반주 122,733주를 평균 주가 11,9231 USD로 매도한 것을 보여주며(공시 범위 11,7950에서 12,1200). 보고된 거래 후, 제출 문서는 Ice Vulcan Holding Limited를 통해 간접 보유한 2,331,934주29,918,585주 처분(명시된대로) 및 배우자가 간접 보유한 240,000주를 포함한 수익 소유권을 공개합니다. 제출서는 이 매도가 Rule 10b5-1에 따른 자격 매매 계획 아래 이루어졌으며 다인스 님이 Ice Vulcan 법인들이 보유한 주식에 대해 단독 의결권과 투자 권한을 유지하고 있음을 명시합니다.

Daniel Dines, PDG et Président de UiPath, Inc. (PATH), a signalé une vente interne le 19/09/2025. Le formulaire 4 montre une vente de 122.733 actions ordinaires de la classe A à un prix moyen par action de 11,9231 USD (plage déclarée 11,7950 à 12,1200). Suite aux transactions déclarées, le dossier révèle des intérêts de propriété bénéficiaire comprenant 2.331.934 actions détenues indirectement par Ice Vulcan Holding Limited et 29.918.585 actions vendues (comme indiqué) et 240.000 actions détenues indirectement par le conjoint (comme indiqué). Le dossier précise que la vente s’est effectuée dans le cadre d’un plan de vente qualifié Rule 10b5-1 et indique que M. Dines conserve le pouvoir de vote et d’investissement exclusif sur les actions détenues par les entités Ice Vulcan.

Daniel Dines, CEO und Vorsitzender von UiPath, Inc. (PATH), meldete am 19.09.2025 einen Insider-Verkauf. Das Formular 4 zeigt einen Verkauf von 122.733 Class-A-Stammaktien zu einem gemeldeten durchschnittlichen Preis pro Aktie von 11,9231 USD (angegebenes Spektrum 11,7950 bis 12,1200). Nach den gemeldeten Transaktionen offenbart die Einreichung Beneficial Ownership-Beteiligungen, darunter 2.331.934 Aktien indirekt gehalten durch Ice Vulcan Holding Limited und zusätzlich 29.918.585 Aktien, die veräußert wurden (wie angegeben) sowie 240.000 Aktien indirekt durch den Ehepartner (wie gezeigt). Die Einreichung gibt an, dass der Verkauf unter einem gemäß Rule 10b5-1 qualifizierten Verkaufsplan erfolgt ist und feststellt, dass Herr Dines weiterhin alleinige Stimm- und Investitionsmacht über die von Ice Vulcan gehaltenen Aktien besitzt.

دانيال دينس، الرئيس التنفيذي ورئيس مجلس إدارة UiPath, Inc. (PATH)، أبلغ عن بيع داخلي في 19/09/2025. يبيّن النموذج 4 بيعاً لـ 122,733 سهماً من الفئة A العادية بسعر تقريبي للسهم قدره 11,9231 دولار (النطاق المعلن من 11,7950 إلى 12,1200). عقب المعاملات المعلنة، تفصح الوثائق عن مصالح ملكية مستفيدة تتضمن 2,331,934 سهماً مملوكاً بشكل غير مباشر من خلال Ice Vulcan Holding Limited و29,918,585 سهماً مبيّعاً (كما هو مذكور) و240,000 سهماً مملوكاً بشكل غير مباشر من قبل الزوج (كما هو موضح). وتذكر الوثائق أن البيع تم بموجب خطة بيع مؤهلة وفق Rule 10b5-1 وتؤكد أن السيد دينس يحتفظ بالسلطة التصويتية والاستثمارية الوحيدة على الأسهم التي تملكها كيانات Ice Vulcan.

Daniel Dines,UiPath, Inc.(PATH)的首席执行官兼董事长,已于2025年9月19日披露内幕交易。 Form 4 显示以每股平均价格 11.9231 美元出售 122,733 股 A 类普通股(披露区间为 11.7950 至 12.1200)。在所披露的交易之后,备案披露的受益所有权包括通过 Ice Vulcan Holding Limited 间接持有的 2,331,934 股,以及另外 29,918,585 股已处置(如清单所示)和 配偶间接持有的 240,000 股(如所示)。备案声明此次出售是在符合 Rule 10b5-1 的合格销售计划下进行,并指出 Dines 先生对 Ice Vulcan 实体持有的股票拥有单独的投票权和投资权力。

Positive
  • Sale was made under a Rule 10b5-1 qualified selling plan, which indicates pre-arranged transactions rather than opportunistic trades
  • Filing discloses ownership/control chain (IceVulcan entities and Mr. Dines’ sole voting and investment power), improving governance transparency
Negative
  • Insider sold 122,733 shares which may be perceived negatively by some investors despite the 10b5-1 plan
  • Form lists large dispositions and holdings (entries such as 29,918,585 disposed and 2,331,934 held indirectly) that could prompt investor questions about dilution or insider liquidity

Insights

TL;DR: CEO executed a planned Rule 10b5-1 sale of 122,733 PATH shares; significant indirect holdings remain.

The Form 4 documents a planned disposition under a Rule 10b5-1 plan, indicating the sale was pre-arranged and not an ad hoc market trade. The average reported price per share on 09/19/2025 was $11.9231 with a disclosed range of $11.7950 to $12.1200. The filing separately lists substantial indirect holdings through Ice Vulcan Holding Limited (2,331,934 shares) and notes Mr. Dines’ sole voting and investment power over those entities. The presence of sizeable indirect ownership alongside the sale is important context for evaluating insider alignment with shareholders.

TL;DR: Sale occurred via a Rule 10b5-1 plan; disclosure clarifies control structure of owned shares.

The Form 4 appropriately discloses that the transactions were executed pursuant to a qualified selling plan, which helps mitigate concerns about opportunistic timing. The filing also clarifies the ownership chain: IceVulcan Investments Ltd. is the sole shareholder of Ice Vulcan Holding Limited and Mr. Dines is sole shareholder of IceVulcan Investments Ltd., retaining sole voting and investment power. Those control disclosures are material for governance transparency.

Daniel Dines, CEO e Presidente di UiPath, Inc. (PATH), ha riportato una vendita da insider il 19/09/2025. Il modulo 4 mostra una vendita di 122.733 azioni Classe A a un prezzo medio per azione di 11,9231 USD (intervallo riportato 11,7950 a 12,1200). Dopo le transazioni indicate, la presentazione rivela interessi di proprietà beneficiaria tra cui 2.331.934 azioni detenute indirettamente tramite Ice Vulcan Holding Limited e ulteriori 29.918.585 azioni vendute (come elencate) e 240.000 azioni detenute indirettamente dal coniuge (come mostrato). La presentazione afferma che la vendita è stata effettuata nell'ambito di un piano di vendita qualificato secondo la Rule 10b5-1 e nota che il signor Dines mantiene potere esclusivo di voto e di investimento sulle azioni detenute dalle entità Ice Vulcan.

Daniel Dines, CEO y Presidente de UiPath, Inc. (PATH), informó una venta por inside el 19/09/2025. El Formulario 4 muestra una venta de 122.733 acciones ordinarias Clase A a un precio medio por acción de 11,9231 USD (rango informado 11,7950 a 12,1200). Tras las transacciones reportadas, la presentación divulga intereses de propiedad beneficiaria que incluyen 2.331.934 acciones mantenidas indirectamente a través de Ice Vulcan Holding Limited y además 29.918.585 acciones vendidas (según se indica) y 240.000 acciones mantenidas indirectamente por el cónyuge (según se muestra). La presentación indica que la venta se realizó bajo un plan de venta calificado Rule 10b5-1 y señala que el Sr. Dines conserva pleno poder de voto e inversión sobre las acciones poseídas por las entidades Ice Vulcan.

다니엘 다인스, UiPath, Inc.의 CEO 겸 회장(PATH),가 2025년 9월 19일 내부자 매도를 보고했습니다. Form 4는 Class A 일반주 122,733주를 평균 주가 11,9231 USD로 매도한 것을 보여주며(공시 범위 11,7950에서 12,1200). 보고된 거래 후, 제출 문서는 Ice Vulcan Holding Limited를 통해 간접 보유한 2,331,934주29,918,585주 처분(명시된대로) 및 배우자가 간접 보유한 240,000주를 포함한 수익 소유권을 공개합니다. 제출서는 이 매도가 Rule 10b5-1에 따른 자격 매매 계획 아래 이루어졌으며 다인스 님이 Ice Vulcan 법인들이 보유한 주식에 대해 단독 의결권과 투자 권한을 유지하고 있음을 명시합니다.

Daniel Dines, PDG et Président de UiPath, Inc. (PATH), a signalé une vente interne le 19/09/2025. Le formulaire 4 montre une vente de 122.733 actions ordinaires de la classe A à un prix moyen par action de 11,9231 USD (plage déclarée 11,7950 à 12,1200). Suite aux transactions déclarées, le dossier révèle des intérêts de propriété bénéficiaire comprenant 2.331.934 actions détenues indirectement par Ice Vulcan Holding Limited et 29.918.585 actions vendues (comme indiqué) et 240.000 actions détenues indirectement par le conjoint (comme indiqué). Le dossier précise que la vente s’est effectuée dans le cadre d’un plan de vente qualifié Rule 10b5-1 et indique que M. Dines conserve le pouvoir de vote et d’investissement exclusif sur les actions détenues par les entités Ice Vulcan.

Daniel Dines, CEO und Vorsitzender von UiPath, Inc. (PATH), meldete am 19.09.2025 einen Insider-Verkauf. Das Formular 4 zeigt einen Verkauf von 122.733 Class-A-Stammaktien zu einem gemeldeten durchschnittlichen Preis pro Aktie von 11,9231 USD (angegebenes Spektrum 11,7950 bis 12,1200). Nach den gemeldeten Transaktionen offenbart die Einreichung Beneficial Ownership-Beteiligungen, darunter 2.331.934 Aktien indirekt gehalten durch Ice Vulcan Holding Limited und zusätzlich 29.918.585 Aktien, die veräußert wurden (wie angegeben) sowie 240.000 Aktien indirekt durch den Ehepartner (wie gezeigt). Die Einreichung gibt an, dass der Verkauf unter einem gemäß Rule 10b5-1 qualifizierten Verkaufsplan erfolgt ist und feststellt, dass Herr Dines weiterhin alleinige Stimm- und Investitionsmacht über die von Ice Vulcan gehaltenen Aktien besitzt.

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).
1. Name and Address of Reporting Person*
Dines Daniel

(Last) (First) (Middle)
C/O UIPATH, INC., ONE VANDERBILT AVENUE
60TH FLOOR

(Street)
NEW YORK NY 10017

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
UiPath, Inc. [ PATH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
CEO and Chairman
3. Date of Earliest Transaction (Month/Day/Year)
09/19/2025
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
Class A Common Stock 09/19/2025 S 122,733(1) D $11.9231(2) 2,331,934 I See Footnote(3)
Class A Common Stock 29,918,585 D
Class A Common Stock 240,000 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. These shares were sold in compliance with a qualified selling plan adopted by the Reporting Person pursuant to Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended.
2. The range of prices for the transactions reported was from $11.7950 to $12.1200. The Reporting Person will provide, upon request by the Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
3. The shares are held by Ice Vulcan Holding Limited. IceVulcan Investments Ltd. is the sole shareholder of Ice Vulcan Holding Limited, and Mr. Dines is the sole shareholder of IceVulcan Investments Ltd. Mr. Dines retains sole voting and investment power with respect to the shares of Class A Common Stock and Class B Common Stock held by Ice Vulcan Holding Limited.
Remarks:
/s/ Brad Brubaker, Attorney-in-Fact 09/19/2025
** 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

What did PATH insider Daniel Dines report on 09/19/2025?

The Form 4 reports a sale of 122,733 shares of Class A common stock executed on 09/19/2025 under a Rule 10b5-1 selling plan.

At what price were the PATH shares sold by Daniel Dines?

The filing reports an average price of $11.9231 per share and a transaction price range of $11.7950 to $12.1200.

Does Daniel Dines still hold PATH shares after this sale?

Yes. The Form 4 discloses 2,331,934 shares held indirectly by Ice Vulcan Holding Limited and indicates Mr. Dines retains sole voting and investment power over those shares.

Why was the sale executed under a Rule 10b5-1 plan?

The Form 4 states the shares were sold in compliance with a qualified selling plan adopted pursuant to Rule 10b5-1, which allows pre-arranged trades while limiting timing discretion by the insider.

Who filed the Form 4 on behalf of Daniel Dines?

The Form 4 is signed and dated by Brad Brubaker, Attorney-in-Fact for Daniel Dines on 09/19/2025.
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