PATH Form 4: Daniel Dines disposes 122,733 shares via 10b5-1 plan
Rhea-AI Filing Summary
UiPath insider share sale and holdings disclosure. The Form 4 shows that on 09/25/2025 reporting person Daniel Dines disposed of 122,733 shares of UiPath Class A common stock under transaction code S, at prices ranging from $11.89 to $12.16. The filing states the sale was made under a qualified Rule 10b5-1 selling plan. The report also discloses beneficial ownership through Ice Vulcan Holding Limited, with Mr. Dines retaining sole voting and investment power. The filing includes additional reported holdings of 29,918,585 and 240,000 Class A shares in separate lines as shown.
Positive
- Sale executed under a Rule 10b5-1 plan, indicating preplanned transactions rather than opportunistic insider trading.
- Reporting person retains sole voting and investment power over shares held by Ice Vulcan Holding Limited, indicating continued control.
Negative
- Disposition of 122,733 Class A shares was reported, which increases available supply of shares in the market.
- Shares sold at prices between $11.89 and $12.16, which may reflect insider realization at current price levels.
Insights
TL;DR: Insider sale via 10b5-1 plan reduces holdings but governance control appears maintained.
The Form 4 documents a routine Rule 10b5-1 sale of 122,733 Class A shares at a disclosed price range of $11.89–$12.16, indicating preplanned dispositions rather than opportunistic trading. The filing specifies that Mr. Dines retains sole voting and investment power over shares held by Ice Vulcan Holding Limited, which suggests continued control over those holdings. The disclosure is clear on ownership structure without additional corporate actions or changes to governance disclosed in this filing.
TL;DR: Sale is material in size but presented as planned; impact on float minimal given large retained holdings.
The sale of 122,733 shares at ~$12 per share generated proceeds in the low millions but is characterized as executed under a qualified 10b5-1 plan. The report lists multiple post-transaction ownership figures including 1,841,002 (indirect) and 29,918,585 (direct) Class A shares and an additional 240,000 held indirectly by a spouse, as shown. This mix of dispositions and substantial reported holdings suggests limited change to overall control but increases publicly available supply by the disclosed sale amount.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 122,733 | $12.0167 | $1.47M |
| 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 $11.8900 to $12.1600. 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.
