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PATH Form 4: CFO Ramani Hitesh 26,058 Shares Withheld for Taxes

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Ramani Hitesh, Chief Accounting Officer of UiPath, Inc. (PATH), reported a transaction dated 10/01/2025 on Form 4. The filing shows 26,058 shares of Class A common stock were disposed of at a price of $13.38 per share. The filing records 262,776 shares beneficially owned by the reporting person after the transaction.

The form states the 26,058 shares were withheld by the issuer to satisfy a tax obligation arising from the vesting and settlement of restricted stock units (RSUs). The Form 4 was filed by one reporting person and signed by an attorney-in-fact on behalf of the reporting person.

Positive

  • Disposition was an issuer withholding to satisfy taxes, not an open-market sale, indicating administrative treatment of RSU taxes
  • Complete disclosure provided with transaction date, share amounts, price, post-transaction ownership, and explanatory note

Negative

  • Insider beneficial ownership decreased by 26,058 shares to 262,776 shares following the withholding
  • Filing does not disclose any open-market selling or acquisition activity that might clarify insider intent

Insights

TL;DR: Routine RSU tax withholding reduced insider holdings; no open-market sale disclosed.

The reported 26,058-share disposition was executed via issuer withholding to meet tax obligations upon RSU settlement, not through an open-market sale, which is typically non-dilutive to market float and does not signal active selling intent. Remaining beneficial ownership of 262,776 shares provides context on the insider's stake size. This is a common, administrative transaction with limited informational content for valuation changes.

TL;DR: Administrative share withholding for taxes is standard; disclosure meets Section 16 reporting requirements.

The Form 4 properly discloses the transaction date, amount, price, and the explanatory note that shares were withheld to satisfy tax obligations from RSU vesting. Filing by a single reporting person and signature by an attorney-in-fact are consistent with routine procedures. There is no indication of additional related-party or derivative transactions in this filing.

Insider Ramani Hitesh
Role Chief Accounting Officer
Type Security Shares Price Value
Tax Withholding Class A Common Stock 26,058 $13.38 $349K
Holdings After Transaction: Class A Common Stock — 262,776 shares (Direct)
Footnotes (1)
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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*
Ramani Hitesh
(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)
Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025
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 10/01/2025 F 26,058(1) D $13.38 262,776 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. Represents shares withheld by the Issuer to satisfy a tax obligation realized by the Reporting Person upon the vesting and settlement of restricted stock units (RSUs).
Remarks:
/s/ Brad Brubaker, Attorney-in-Fact 10/01/2025
** 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 Ramani Hitesh report on Form 4 for PATH?

The Form 4 reports a 10/01/2025 disposition of 26,058 Class A shares at $13.38 per share, leaving 262,776 shares beneficially owned.

Why were the 26,058 UiPath (PATH) shares disposed of?

The filing states the shares were withheld by the issuer to satisfy a tax obligation realized upon vesting and settlement of RSUs.

Was the 26,058-share disposition an open-market sale for PATH?

No. The Form 4 explains the shares were withheld by the issuer for taxes; it does not report an open-market sale.

Who filed the Form 4 for PATH and when was it signed?

The form was filed by one reporting person (Ramani Hitesh) and signed by an attorney-in-fact, Brad Brubaker, on 10/01/2025.

How many PATH shares does the reporting person own after the transaction?

The reporting person beneficially owns 262,776 Class A common shares following the reported transaction.