[Form 4] UiPath, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) has received a Form 144 notice indicating that insider Phillip Carrai intends to sell up to 6,000 common shares on or about July 15, 2025 through Morgan Stanley Smith Barney. Based on the filing’s reference price, the transaction is valued at approximately $308,503.20.

The shares, originally issued as restricted stock on January 4, 2022, represent roughly 0.004 % of the company’s 153,443,342 shares outstanding—an amount too small to affect float or liquidity. The filing also details insider sales over the previous three months: 6,000 shares on June 16, 2025 for $252,967.20 and 6,000 shares on May 15, 2025 for $202,356.00, bringing Carrai’s disclosed sales to 18,000 shares this quarter.

• Broker: Morgan Stanley Smith Barney LLC, New York.
• Exchange: NASDAQ.
• Relationship to issuer: Not specified in the filing text.

Form 144 serves only as advance notice; the transaction has not yet occurred. Given the small size relative to total shares, the filing is unlikely to exert meaningful market pressure, but it offers insight into recent insider sentiment.

Insights

Financial Analyst

TL;DR: 6,000-share Form 144 filing is routine; immaterial to KTOS valuation.

The proposed sale equates to roughly 0.004 % of outstanding shares—an immaterial amount that should not influence supply-demand dynamics or earnings per share. Aggregate value of $309 k is negligible against KTOS’s multi-billion-dollar market cap. Insider transactions can hint at sentiment, yet Carrai’s modest position trimming after prior 6 k-share sales in May and June appears more like liquidity management than a signal of deteriorating fundamentals. Overall impact on investors is neutral.

Corporate Governance Expert

TL;DR: Routine compliance disclosure; continued but minor insider selling warrants monitoring.

Form 144 filings uphold transparency by alerting markets to planned insider disposals. Carrai’s cumulative 18,000-share sales this quarter stay well below Rule 144 volume limits (1 % of shares outstanding or average weekly volume). Absence of a 10b5-1 plan date suggests discretionary timing, yet the amounts filed remain far from levels typically viewed as a governance red flag. While repeated sales can shape perception, no material governance concern arises here.

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)
07/15/2025

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	07/15/2025		S		45,000(1)	D	$12.5025(2)	5,103,376	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 $12.4100 to $12.5600. 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	07/15/2025
	** Signature of Reporting Person	Date
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