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UiPath (PATH) chief converts 9.6M Class B, sells 45K Class A under 10b5-1 plan

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

Rhea-AI Filing Summary

UiPath, Inc. insider Daniel Dines, the company’s CEO, Founder, Chairman, director and 10% owner, converted 9,615,297 shares of Class B Common Stock into 9,615,297 shares of Class A Common Stock on 12/15/2025.

On 12/17/2025 he sold 45,000 Class A shares at an average price of $16.1129 per share in a transaction executed under a qualified selling plan adopted pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. After these moves, he beneficially owns 9,615,297 Class A shares indirectly through Ice Vulcan Holding Limited, 28,883,585 Class A shares directly, and 64,690,706 shares of Class B Common Stock indirectly, with each Class B share convertible into one Class A share.

Positive

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Insider Dines Daniel
Role CEO and Chairman
Sold 45,000 shs ($725K)
Type Security Shares Price Value
Sale Class A Commmon Stock 45,000 $16.1129 $725K
Conversion Class B Common Stock 9,615,297 $0.00 --
Conversion Class A Commmon Stock 9,615,297 $0.00 --
Holdings After Transaction: Class A Commmon Stock — 28,883,585 shares (Direct); Class B Common Stock — 64,690,706 shares (Indirect, See Footnote); Class A Commmon Stock — 9,615,297 shares (Indirect, See Footnote)
Footnotes (1)
  1. On December 15, 2025, 9,615,297 shares of Class B Common Stock held by Ice Vulcan Holding Limited, an entity controlled by Daniel Dines, CEO, Founder, and Chairman of the Issuer, were converted to 9,615,297 shares of Class A Common Stock. Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock of the Issuer and has no expiration date. 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. 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. The range of prices for the transactions reported was from $16.0400 to $16.2500. 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.
Form 4 Insider Transactions: What Each Field Means →
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).
X
 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*
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)
12/15/2025
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 Commmon Stock 12/15/2025 C(1) 9,615,297 A $0.00(2) 9,615,297 I See Footnote(3)
Class A Commmon Stock 12/17/2025 S 45,000(4) D $16.1129(5) 28,883,585 D
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
Class B Common Stock $0.00(2) 12/15/2025 C(1) 9,615,297 (2) (2) Class A Common Stock 9,615,297 $0.00 64,690,706 I See Footnote(3)
Explanation of Responses:
1. On December 15, 2025, 9,615,297 shares of Class B Common Stock held by Ice Vulcan Holding Limited, an entity controlled by Daniel Dines, CEO, Founder, and Chairman of the Issuer, were converted to 9,615,297 shares of Class A Common Stock.
2. Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock of the Issuer and has no expiration date.
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.
4. 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.
5. The range of prices for the transactions reported was from $16.0400 to $16.2500. 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.
Remarks:
/s/ Brad Brubaker, Attorney-in-Fact 12/17/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider share transactions did UiPath (PATH) report for Daniel Dines?

Daniel Dines converted 9,615,297 shares of Class B Common Stock into 9,615,297 shares of Class A Common Stock on 12/15/2025 and sold 45,000 Class A shares on 12/17/2025.

How many UiPath Class B shares were converted into Class A shares?

On 12/15/2025, 9,615,297 shares of UiPath Class B Common Stock held by Ice Vulcan Holding Limited were converted into 9,615,297 shares of Class A Common Stock.

At what price did Daniel Dines sell UiPath Class A shares?

On 12/17/2025, Daniel Dines sold 45,000 Class A shares at an average price of $16.1129 per share. The reported price range for these sales was from $16.0400 to $16.2500.

How many UiPath shares does Daniel Dines beneficially own after these transactions?

After the reported transactions, Daniel Dines beneficially owns 9,615,297 Class A shares indirectly through Ice Vulcan Holding Limited, 28,883,585 Class A shares directly, and 64,690,706 shares of Class B Common Stock indirectly.

Are Daniel Dines UiPath share sales made under a Rule 10b5-1 plan?

Yes. The filing states that the 45,000 Class A shares sold on 12/17/2025 were sold in compliance with a qualified selling plan adopted by the reporting person pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.

What is the conversion feature of UiPath Class B Common Stock held by Daniel Dines?

Each share of UiPath Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock of the issuer and has no expiration date.