UiPath tech chief holds 1.72M shares and units

UiPath granted its CPO & CTO 1,125,000 performance-based RSUs with stock-price hurdles running through 2029 and 2031.

Rhea-AI Filing Summary

UiPath, Inc. (symbol: PATH) is the issuer of record for a Form 4 filing submitted to the SEC. Malpani Raghavendra reported acquisition or exercise transactions in this Form 4 filing.

UiPath, Inc. (PATH) reported that its Chief Product & Technology Officer, Raghavendra Malpani, received a grant of 1,125,000 performance-based restricted stock units (PSUs) of Class A Common Stock on September 3, 2026. Following this award, he holds 1,721,106 shares and share-based units directly.

Each PSU represents a right to receive one share upon settlement, contingent on meeting stock price hurdles measured over 90 consecutive trading days and on continuous service. 33% of the PSUs relate to a stock-price hurdle that may be achieved during a three-year period ending July 31, 2029, and 67% relate to a higher hurdle over a five-year period ending July 31, 2031. Service-based vesting is satisfied as to 1/12 of each tranche on the first day of each calendar quarter over three years after the grant date.

Insider Trade Summary

Grant/Award: 1,125,000 shares

Grant/Award 1 txn

Insider Malpani Raghavendra

Role CPO & CTO

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock F1, F2	1,125,000	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 1,721,106 shares (Direct)

Footnotes (2)

1. F1. Includes 1,125,000 performance-based restricted stock units (PSUs). Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock (the "Common Stock") upon settlement.
2. F2. The PSUs are subject to the achievement of two stock price hurdles, measured based on the trailing average of the closing price per share of the Common Stock, as reported on the New York Stock Exchange, over a period of 90 consecutive trading days. 33% of the PSUs are subject to one stock price hurdle, which may be achieved during the three-year measurement period ending July 31, 2029. 67% of the PSUs are subject to a higher stock price hurdle, which may be achieved during the five-year measurement period ending July 31, 2031, in each case subject to continuous service through the applicable achievement date. The service-based vesting requirement is satisfied as to 1/12th of each tranche on the first day of each calendar quarter over the three-year period following the grant date, subject to continuous service through each vesting date.

Key Figures

PSUs granted: 1,125,000 PSUs Total holdings after transaction: 1,721,106 shares Price per share for grant: $0.00 per share +5 more

8 metrics

PSUs granted 1,125,000 PSUs Performance-based restricted stock units granted on September 3, 2026

Total holdings after transaction 1,721,106 shares Direct holdings following the PSU grant

Price per share for grant $0.00 per share Reported transaction price for the PSU award

Shorter performance period end July 31, 2029 End of three-year measurement period for 33% of PSUs

Longer performance period end July 31, 2031 End of five-year measurement period for 67% of PSUs

Quarterly vesting fraction 1/12 of each tranche Service-based vesting on first day of each calendar quarter over three years

Trading-day window 90 trading days Trailing average period for stock price hurdle measurement

PSU allocation by hurdle 33% lower hurdle; 67% higher hurdle Portions of PSUs tied to different stock price hurdles

Key Terms

performance-based restricted stock units, stock price hurdles, trailing average, continuous service, +2 more

6 terms

performance-based restricted stock units financial

"Includes 1,125,000 performance-based restricted stock units (PSUs)."

Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.

stock price hurdles financial

"subject to the achievement of two stock price hurdles, measured based"

"Stock price hurdles" are specific price levels that investors watch closely because reaching them can signal a potential change in the stock's future. Think of them like checkpoints in a video game; once the stock hits these levels, it might trigger new buying or selling activity, affecting whether the price goes up or down.

trailing average financial

"measured based on the trailing average of the closing price per share"

continuous service financial

"in each case subject to continuous service through the applicable"

measurement period financial

"may be achieved during the three-year measurement period ending July"

vesting requirement financial

"The service-based vesting requirement is satisfied as to 1/12th"

FAQ

What insider equity award did UiPath (PATH) disclose for Raghavendra Malpani?

UiPath disclosed a grant of 1,125,000 performance-based restricted stock units (PSUs) of Class A Common Stock to Chief Product & Technology Officer Raghavendra Malpani on September 3, 2026, each PSU representing a contingent right to receive one share upon settlement.

How many UiPath (PATH) shares and units does the CPO & CTO hold after this grant?

After the grant, Raghavendra Malpani directly holds 1,721,106 shares and share-based units of UiPath Class A Common Stock, according to the reported total shares following the transaction.

What are the performance conditions for the 1,125,000 UiPath (PATH) PSUs?

The 1,125,000 PSUs are tied to two stock price hurdles based on the trailing average closing price over 90 consecutive trading days on the New York Stock Exchange, with separate three-year and five-year measurement periods and a higher price requirement for the larger tranche.

Over what periods can the UiPath (PATH) PSU stock price hurdles be achieved?

UiPath states that 33% of the PSUs have a stock price hurdle that may be achieved during a three-year measurement period ending July 31, 2029, and 67% have a higher hurdle that may be achieved during a five-year period ending July 31, 2031.

How do the UiPath (PATH) PSUs vest from a service-based perspective?

The service-based vesting requirement is satisfied as to 1/12 of each PSU tranche on the first day of each calendar quarter over the three-year period following the grant date, in each case subject to continuous service through the applicable vesting date.

Is the UiPath (PATH) PSU grant reported under a Rule 10b5-1 trading plan?

No. The filing indicates the Rule 10b5-1 checkbox is not affirmed, so no Rule 10b5-1 trading plan is reported in connection with this PSU grant.

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Available on EDGAR 09/03/2026 - 07:34 PM Accepted by SEC EDGAR 09/03/2026 - 07:33 PM Learn about SEC filing dates

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).

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^*

Malpani Raghavendra

(Last) (First) (Middle)

C/O UIPATH, INC., ONE VANDERBILT AVENUE

60TH FLOOR

(Street)

NEW YORK NEW YORK 10017

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
UiPath, Inc. [ PATH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CPO & CTO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	09/03/2026		A		1,125,000(1)(2)	A	$0.00	1,721,106	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

Explanation of Responses:

1. Includes 1,125,000 performance-based restricted stock units (PSUs). Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock (the "Common Stock") upon settlement.

2. The PSUs are subject to the achievement of two stock price hurdles, measured based on the trailing average of the closing price per share of the Common Stock, as reported on the New York Stock Exchange, over a period of 90 consecutive trading days. 33% of the PSUs are subject to one stock price hurdle, which may be achieved during the three-year measurement period ending July 31, 2029. 67% of the PSUs are subject to a higher stock price hurdle, which may be achieved during the five-year measurement period ending July 31, 2031, in each case subject to continuous service through the applicable achievement date. The service-based vesting requirement is satisfied as to 1/12th of each tranche on the first day of each calendar quarter over the three-year period following the grant date, subject to continuous service through each vesting date.

Remarks:

	/s/ Brad Brubaker, Attorney-in-Fact	09/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)