[Form 4] UiPath, Inc. Insider Trading Activity

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

Corporate Governance Expert

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.

Insider Transactions Analyst

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.

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)
10/08/2025

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	10/08/2025		S		122,734(1)	D	$14.8901(2)	736,404	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 $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.

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	10/08/2025
	** 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 UiPath CEO Daniel Dines report on Form 4 (PATH)?

The filing reports a sale of 122,734 Class A shares on 10/08/2025 executed under a qualified Rule 10b5-1 plan; a reported price figure is $14.8901 and the disclosed price range is $14.7700 to $15.0400.

How many UiPath shares does Daniel Dines retain after the reported transaction?

The Form 4 shows 736,404 shares beneficially owned following the reported transaction, held indirectly through Ice Vulcan Holding Limited with sole voting and investment power retained by Mr. Dines.

Was the sale part of a pre-arranged plan?

Yes. The filing states the shares were sold in compliance with a qualified selling plan adopted pursuant to Rule 10b5-1.

What price details are provided for the sold shares?

The filing discloses an aggregated reported price figure of $14.8901 and a transaction price range from $14.7700 to $15.0400; the filer offered to provide per-price allocation on request.

Who holds the shares reported as indirectly owned?

The shares are held by Ice Vulcan Holding Limited, whose sole shareholder is IceVulcan Investments Ltd.; Mr. Dines is the sole shareholder of IceVulcan Investments Ltd.

Who signed the Form 4 filing?

The signature block shows the form was signed by Brad Brubaker, Attorney-in-Fact on 10/08/2025 on behalf of the reporting person.