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Daniel Dines reports Class A sales on 10/03/2025 under 10b5-1 plan

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

Rhea-AI Filing Summary

UiPath director, CEO and 10% owner Daniel Dines reported multiple dispositions on 10/03/2025. The filing shows a sale of 122,733 shares of Class A common stock at prices ranging from $12.75 to $13.13, executed under a qualified Rule 10b5-1 selling plan. The report also records a separate disposition of 29,918,585 Class A shares and indicates beneficial ownership of 1,104,604 shares indirectly through Ice Vulcan Holding Limited, plus 240,000 shares held indirectly by his spouse. The form is signed by an attorney-in-fact on behalf of Mr. Dines.

Positive

  • Sale executed under Rule 10b5-1 qualified selling plan, indicating pre-arranged compliance
  • Reporting includes ownership structure (shares held via Ice Vulcan Holding Limited) and declaration of sole voting and investment power

Negative

  • Large disposition of 29,918,585 Class A shares reported, a materially large sale quantity
  • 122,733 shares sold on 10/03/2025 at prices between $12.75 and $13.13, indicating recent insider liquidity

Insights

Large insider dispositions reported; sales include a 10b5-1 plan.

The filing documents a sale of 122,733 shares on 10/03/2025 at prices between $12.75 and $13.13, explicitly executed under a qualified Rule 10b5-1 plan, which indicates the transactions were pre-arranged and comply with insider trading rules.

The report also lists a disposition of 29,918,585 Class A shares and shows indirect beneficial ownership of 1,104,604 shares through Ice Vulcan Holding Limited; Mr. Dines retains sole voting and investment power over those holdings.

Insider Dines Daniel
Role CEO and Chairman
Sold 122,733 shs ($1.60M)
Type Security Shares Price Value
Sale Class A Common Stock 122,733 $13.0057 $1.60M
holding Class A Common Stock -- -- --
holding Class A Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 1,104,604 shares (Indirect, See Footnote); Class A Common Stock — 29,918,585 shares (Direct)
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 $12.7500 to $13.1300. 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).
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)
10/03/2025
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 10/03/2025 S 122,733(1) D $13.0057(2) 1,104,604 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 $12.7500 to $13.1300. 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 10/03/2025
** 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 did UiPath (PATH) insider Daniel Dines report on 10/03/2025?

The filing reports dispositions including a sale of 122,733 Class A shares at $12.75–$13.13 and a separate disposition of 29,918,585 Class A shares.

Were the sales by Daniel Dines part of an insider trading plan?

Yes, the 122,733 share sale was executed in compliance with a qualified Rule 10b5-1 selling plan according to the filing.

How many UiPath shares does Daniel Dines beneficially own after the reported transactions?

The filing shows indirect beneficial ownership of 1,104,604 shares through Ice Vulcan Holding Limited and 240,000 shares indirectly held by his spouse.

Who holds voting and investment power over the shares held by Ice Vulcan?

The filing states Mr. Dines is the sole shareholder of IceVulcan Investments Ltd. and retains sole voting and investment power over the shares held by Ice Vulcan Holding Limited.

Who signed the Form 4 for Daniel Dines?

The form is signed by /s/ Brad Brubaker, Attorney-in-Fact and dated 10/03/2025.