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  4. [Form 4] UiPath, Inc. Insider Trading Activity

UiPath (PATH) CEO and 10% owner discloses scheduled share sales

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

Rhea-AI Filing Summary

UiPath, Inc. insider who serves as CEO, Chairman, director and 10% owner reported two open-market sales of Class A Common Stock. On 12/22/2025, the reporting person sold 45,000 shares at a weighted average price of $16.4911, and on 12/23/2025 sold another 45,000 shares at a weighted average price of $16.4892. These transactions were made under a pre-arranged qualified selling plan adopted pursuant to Rule 10b5-1.

After these sales, the reporting person beneficially owns 28,703,585 shares of Class A Common Stock directly and 9,615,297 shares indirectly through Ice Vulcan Holding Limited, over which he retains sole voting and investment power through a holding structure.

Positive

  • None.

Negative

  • None.
Insider Dines Daniel
Role CEO and Chairman
Sold 90,000 shs ($1.48M)
Type Security Shares Price Value
Sale Class A Commmon Stock 45,000 $16.4892 $742K
Sale Class A Commmon Stock 45,000 $16.4911 $742K
holding Class A Common Stock -- -- --
Holdings After Transaction: Class A Commmon Stock — 28,703,585 shares (Direct); Class A Common Stock — 9,615,297 shares (Indirect, See Footnote)
Footnotes (1)
  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 $16.4100 to $16.5900. 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 range of prices for the transactions reported was from $16.3800 to $16.6500. 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.
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)
12/22/2025
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 12/22/2025 S 45,000(1) D $16.4911(2) 28,748,585 D
Class A Commmon Stock 12/23/2025 S 45,000(1) D $16.4892(3) 28,703,585 D
Class A Common Stock 9,615,297 I See Footnote(4)
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 $16.4100 to $16.5900. 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 range of prices for the transactions reported was from $16.3800 to $16.6500. 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.
4. 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 12/23/2025
** 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 transaction did UiPath (PATH) report in this Form 4?

The filing reports that a UiPath insider who is CEO, Chairman, director and 10% owner sold 45,000 Class A Common shares on 12/22/2025 and another 45,000 shares on 12/23/2025 in open-market transactions.

At what prices were the UiPath (PATH) shares sold by the insider?

The 12/22/2025 sale had a weighted average price of $16.4911 per share, with a range from $16.4100 to $16.5900. The 12/23/2025 sale had a weighted average price of $16.4892 per share, with a range from $16.3800 to $16.6500.

Was the UiPath (PATH) insider sale made under a Rule 10b5-1 trading plan?

Yes. The filing explains that the shares were sold in compliance with a qualified selling plan adopted pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.

How many UiPath (PATH) shares does the insider own after these transactions?

Following the reported transactions, the insider beneficially owns 28,703,585 shares of Class A Common Stock directly and an additional 9,615,297 shares indirectly through Ice Vulcan Holding Limited.

How are the indirect UiPath (PATH) holdings of the insider structured?

The 9,615,297 indirectly owned 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., retaining sole voting and investment power over these shares.

What roles does the reporting person hold at UiPath (PATH)?

According to the filing, the reporting person is a director, a 10% owner, and an officer of UiPath, serving as CEO and Chairman.