[Form 4] UiPath, Inc. Insider Trading Activity

Rhea-AI Filing Summary

UiPath, Inc. (PATH) – Form 4 insider transaction

On 07/10/2025 CEO, Chairman and 10 % owner Daniel Dines sold 45,000 Class A shares at a weighted-average price of $13.0589 under a pre-arranged Rule 10b5-1 trading plan. The price band for the sale ranged from $12.85 to $13.40.

Post-transaction ownership remains significant:

• 24,918,585 Class A shares held directly
• 5,238,376 Class A shares held indirectly through Ice Vulcan Holding Ltd.
• 240,000 Class A shares held indirectly by spouse

Total: roughly 30.4 million shares. The disposal therefore represents about 0.15 % of his disclosed stake.

No derivative transactions were reported, and Dines continues to qualify as a 10 % beneficial owner.

Positive

• Sale executed under a Rule 10b5-1 plan, indicating pre-arranged, compliant trading rather than opportunistic selling.
• Transaction size is only 0.15 % of Mr. Dines’ total holding, leaving strong insider ownership alignment.

Negative

• Insider selling by the CEO can be perceived as a mildly bearish signal for near-term sentiment.
• Average sale price of $13.06 may imply limited confidence in higher short-term valuation.

Insights

Securities Analyst

TL;DR: 45k-share sale is immaterial (≈0.15 % of holdings); neutral to slightly negative sentiment.

The filing shows Daniel Dines trimmed 45,000 PATH shares via a Rule 10b5-1 plan at an average of $13.06, within a $12.85-$13.40 range. After the sale he still controls roughly 30.4 million shares, maintaining both insider alignment and 10 % owner status. Because the transaction is small relative to his stake and pre-scheduled, market impact should be limited. However, any insider sale can be interpreted cautiously by investors, especially given PATH’s volatile trading history. Overall, the signal appears neutral: it neither indicates distress nor a material change in insider commitment.

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)
07/10/2025

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	07/10/2025		S		45,000(1)	D	$13.0589(2)	5,238,376	I	See Footnote(3)
Class A Common Stock								24,918,585	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 $12.8500 to $13.4000. 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	07/10/2025
	** 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

How many UiPath (PATH) shares did CEO Daniel Dines sell?

He sold 45,000 Class A shares on 07/10/2025.

At what average price were the PATH shares sold?

The weighted-average sale price was $13.0589, within a $12.85-$13.40 range.

Was the transaction made under a trading plan?

Yes, it was executed under a Rule 10b5-1 pre-arranged trading plan.

How many UiPath shares does Daniel Dines still own directly?

He retains 24,918,585 Class A shares directly.

What is Daniel Dines’ total post-sale ownership in UiPath?

Including direct, indirect and spouse holdings, he controls about 30.4 million shares.

Does the sale affect his status as a 10 % owner?

No. Even after the sale, Dines remains a 10 % beneficial owner of UiPath.