[Form 4] UiPath, Inc. Insider Trading Activity

Rhea-AI Filing Summary

UiPath insider sale under written plan: The Form 4 shows that Daniel Dines, CEO and Chairman of UiPath, sold 122,733 shares of Class A common stock on 10/07/2025 under a Rule 10b5-1 qualified selling plan. The reported sale price on the form is $14.9899, with the disclosed transaction price range of $14.70 to $15.14. After the reported transaction, the form lists 859,138 shares beneficially owned indirectly and describes ownership through Ice Vulcan entities, with Mr. Dines retaining sole voting and investment power. The filing was signed by an attorney-in-fact on 10/07/2025.

Positive

• Transaction executed under a Rule 10b5-1 qualified selling plan, indicating pre-arranged compliance
• Filing discloses ownership structure and voting power through Ice Vulcan entities, improving transparency

Negative

• Insider sold 122,733 shares, reducing on‑paper Class A holdings available to the reporting person
• Reported sale price range of $14.70–$15.14 may reflect recent realizations of equity value

Insights

Insider Transactions Analyst

Sale executed under a 10b5-1 plan; precise share counts and price range disclosed.

The filing records a 122,733-share disposition on 10/07/2025 executed pursuant to a Rule 10b5-1 selling plan, with reported prices ranging from $14.70 to $15.14 and a per-share figure of $14.9899 shown on the form. This documents the mechanics and compliance of the transaction rather than an ad-hoc trade.

The holding structure shows indirect beneficial ownership through Ice Vulcan Holding Limited and related entities, and the reporting person retains sole voting and investment power. Watch for further Form 4 filings or plan expirations for additional executed blocks within the same price range over the coming months.

Corporate Governance Specialist

Disclosure clarifies control and voting power despite the sale.

The disclosure states that IceVulcan Investments Ltd. is the sole shareholder of Ice Vulcan Holding Limited and that Mr. Dines is the sole shareholder of IceVulcan Investments Ltd., retaining sole voting and investment power over shares held by those entities. This explains how indirect holdings are controlled even as Class A shares are transacted.

For governance monitoring, note the reported post-transaction indirect ownership of 859,138 shares; subsequent changes to beneficial ownership or voting arrangements would be material and should appear in future Section 16 filings.

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)
10/07/2025

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	10/07/2025		S		122,733(1)	D	$14.9899(2)	859,138	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 $14.7000 to $15.1400. 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	10/07/2025
	** 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

What did UiPath (PATH) insider Daniel Dines do on 10/07/2025?

He sold 122,733 shares of Class A common stock on 10/07/2025 under a Rule 10b5-1 plan; the form shows a per-share figure of $14.9899 and a disclosed price range of $14.70–$15.14.

Is the sale part of a pre‑arranged plan for PATH?

Yes. The filing states the shares were sold in compliance with a qualified selling plan adopted pursuant to Rule 10b5-1.

How many PATH shares does Daniel Dines beneficially own after the reported transaction?

The Form 4 lists 859,138 shares as indirectly beneficially owned following the reported transaction and also shows other Class A holdings in the filing.

Through which entities are the shares held?

The filing names Ice Vulcan Holding Limited as the holder, with IceVulcan Investments Ltd. as its sole shareholder and Mr. Dines as sole shareholder of IceVulcan Investments Ltd., retaining sole voting and investment power.

Who signed the Form 4 filing for this transaction?

The form was signed by Brad Brubaker, Attorney-in-Fact on 10/07/2025.