PATH insider sale: Daniel Dines sold 122,734 Class A shares under 10b5-1
Rhea-AI Filing Summary
Daniel Dines, CEO and Chairman of UiPath, Inc. (PATH), reported a sale of 122,734 shares of Class A common stock executed on 10/08/2025 under a qualified Rule 10b5-1 selling plan. The filing lists a reported price figure of $14.8901 and a disclosed transaction price range from $14.7700 to $15.0400. After the reported transactions the document shows 736,404 shares beneficially owned in an indirect form through Ice Vulcan Holding Limited, an entity ultimately owned by Mr. Dines; the filing states he retains sole voting and investment power over those shares. The sale was executed by an attorney-in-fact on behalf of the reporting person.
Positive
- Sale executed under a qualified Rule 10b5-1 plan, demonstrating procedural compliance
- Reporting person retains sole voting and investment power over shares held through Ice Vulcan entities
Negative
- Insider sold 122,734 Class A shares, reducing beneficial economic exposure on the reported date
- Sale price range of $14.77–$15.04 may be interpreted by some investors as a liquidity action rather than accumulation
Insights
Insider sale executed under a pre-established 10b5-1 plan; control structure unchanged.
The reporting person is identified as CEO and Chairman, and the sale of 122,734 Class A shares was performed pursuant to a qualified Rule 10b5-1 selling plan, which provides an affirmative defense against claims of contemporaneous trading on material nonpublic information when the plan meets rule conditions.
The filing also documents that the shares are held indirectly through Ice Vulcan entities and that the reporting person retains sole voting and investment power, indicating no change to governance control from this transaction; monitor scheduled plan sales or additional Form 4s for further changes in ownership over the coming quarters.
Single-day disposition at reported prices between $14.77 and $15.04; net indirect position remains.
The Form 4 records a sale (code S) of 122,734 shares on 10/08/2025 with a reported figure of $14.8901 and a disclosed price range; the filer offered to provide per-price detail to staff on request, which is typical for aggregated reporting of multiple transactions.
Material near-term items to watch include any subsequent Form 4 filings that change the 736,404 indirect holding or show additional scheduled dispositions from the 10b5-1 plan within the next quarter.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 122,734 | $14.8901 | $1.83M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (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. The range of prices for the transactions reported was from $14.7700 to $15.0400. 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. 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.
