UiPath (PATH) CEO and 10% owner discloses Rule 10b5-1 stock sales

Rhea-AI Filing Summary

UiPath, Inc. insider activity: Reporting person Mr. Dines, who serves as CEO, Chairman, director and a 10% owner, reported three open‑market sales of Class A Common Stock executed under a qualified Rule 10b5‑1 trading plan. He sold 45,000 shares on 12/24/2025 at an average price of $16.9141, 45,000 shares on 12/26/2025 at $16.9026, and 45,000 shares on 12/29/2025 at $16.4351, with each trade reported as a disposition.

Following these transactions, Mr. Dines beneficially owns 28,568,585 Class A shares directly and 9,615,297 Class A shares indirectly through Ice Vulcan Holding Limited, an entity ultimately controlled by him. The filing notes that detailed price breakdowns within the stated ranges are available upon request.

Insider Trade Summary

Net Seller: 135,000 shares ($2,261,331)

Net Sell 4 txns

Insider Dines Daniel

Role CEO and Chairman

Sold 135,000 shs ($2.26M)

Type	Security	Shares	Price	Value
Sale	Class A Commmon Stock	45,000	$16.4351	$740K
Sale	Class A Commmon Stock	45,000	$16.9026	$761K
Sale	Class A Commmon Stock	45,000	$16.9141	$761K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Commmon Stock — 28,568,585 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 $16.7700 to $17.0000. 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 $16.7200 to $17.1100. 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 $16.3300 to $16.5800. 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)
12/24/2025

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	12/24/2025		S		45,000(1)	D	$16.9141(2)	28,658,585	D
Class A Commmon Stock	12/26/2025		S		45,000(1)	D	$16.9026(3)	28,613,585	D
Class A Commmon Stock	12/29/2025		S		45,000(1)	D	$16.4351(4)	28,568,585	D
Class A Common Stock								9,615,297	I	See Footnote(5)

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 $16.7700 to $17.0000. 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 $16.7200 to $17.1100. 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 range of prices for the transactions reported was from $16.3300 to $16.5800. 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.

5. 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	12/29/2025
	** 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 insider transaction did UiPath (PATH) disclose in this Form 4?

The filing reports that Mr. Dines, UiPath’s CEO, Chairman, director and 10% owner, sold Class A Common Stock in three separate open‑market transactions executed under a Rule 10b5‑1 trading plan.

How many UiPath (PATH) shares did the insider sell and on which dates?

Mr. Dines sold 45,000 Class A shares on 12/24/2025, 45,000 shares on 12/26/2025, and 45,000 shares on 12/29/2025, for a total of 135,000 shares.

At what prices were the UiPath (PATH) insider sales executed?

The reported average sale prices per share were $16.9141 on 12/24/2025, $16.9026 on 12/26/2025, and $16.4351 on 12/29/2025. The filing also provides price ranges for each transaction.

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

After the reported transactions, Mr. Dines beneficially owns 28,568,585 Class A shares directly and 9,615,297 Class A shares indirectly through Ice Vulcan Holding Limited.

What is the role of Ice Vulcan Holding Limited in UiPath (PATH) share ownership?

Ice Vulcan Holding Limited holds UiPath Class A Common Stock. It is wholly owned by IceVulcan Investments Ltd., whose sole shareholder is Mr. Dines, giving him sole voting and investment power over those shares.

Were the UiPath (PATH) insider sales made under a Rule 10b5-1 plan?

Yes. The filing states that the shares 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.