PATH Form 4: Daniel Dines sells 122,733 shares via 10b5-1 plan
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
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 122,733 | $14.9899 | $1.84M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (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 $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. 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.
