UiPath (PATH) CLO Brubaker earns 145,985 performance-based shares

Rhea-AI Filing Summary

UiPath, Inc. reported that its GC & Chief Legal Officer, Brad Brubaker, acquired 145,985 shares of Class A common stock through a stock award. These shares relate to performance-based restricted stock units granted on March 14, 2025, which were earned after performance criteria were met.

According to the award terms, the earned units will vest over three years, with 33.33% vesting on April 1, 2026 and the remainder vesting in quarterly installments through April 1, 2028, as long as he remains in continuous service. After this award, he holds 747,634 shares directly.

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

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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^*

Brubaker Brad

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	GC & Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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	02/25/2026		A		145,985(1)	A	$0.00	747,634	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. On March 14, 2025, the Reporting Person was granted restricted stock units, the vesting of which was subject to both performance-based and service-based criteria ("PSUs"). The number of shares reported represents the number of PSUs that were earned as a result of the achievement of such performance criteria. The earned PSUs will vest over 3 years with 33.33% of the shares vesting on April 1, 2026, and 1/12 of the shares vesting quarterly thereafter through April 1, 2028, in each case subject to the Reporting Person remaining in Continuous Service (as defined in the Issuer's 2021 Equity Incentive Plan) as of each applicable vesting date.

Remarks:

	/s/ Brad Brubaker	02/27/2026
	** 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.

FAQ

What did UiPath (PATH) report in Brad Brubaker’s latest Form 4?

UiPath reported that GC & Chief Legal Officer Brad Brubaker acquired 145,985 shares of Class A common stock via a stock award. The shares were earned from performance-based restricted stock units granted in March 2025, after meeting specified performance criteria.

How many UiPath (PATH) shares does Brad Brubaker hold after this transaction?

After this award, Brad Brubaker directly holds 747,634 shares of UiPath Class A common stock. This figure includes the 145,985 shares tied to previously granted performance-based restricted stock units that have now been earned based on achieved performance.

What type of equity award did UiPath (PATH) grant to Brad Brubaker?

Brad Brubaker received performance-based restricted stock units, or PSUs, in March 2025. The number of shares reported reflects PSUs earned after meeting performance criteria, which then convert into Class A common stock subject to a multi-year vesting schedule and continued service.

What is the vesting schedule for Brad Brubaker’s UiPath (PATH) PSUs?

The earned PSUs will vest over three years. 33.33% of the shares vest on April 1, 2026, with the remaining shares vesting in equal quarterly installments through April 1, 2028, provided Brad Brubaker remains in continuous service with UiPath.

Did Brad Brubaker pay cash for the UiPath (PATH) shares reported in this Form 4?

No cash changed hands for these shares; the Form 4 shows a price of $0.00 per share. The 145,985 shares were acquired as a stock award when performance-based restricted stock units previously granted were earned under their terms.

Why were Brad Brubaker’s UiPath (PATH) PSUs earned and converted to shares?

The PSUs were earned because specified performance criteria tied to the March 14, 2025 grant were achieved. Once those criteria were met, the corresponding number of units converted into Class A common stock, subject to the award’s service-based vesting conditions.