[Form 4] UiPath, Inc. Insider Trading Activity

Rhea-AI Filing Summary

FARO Technologies, Inc. (FARO) – Form 4 filing (07/21/2025)

SVP & Chief Financial Officer Matthew Horwath reported the disposal of his entire direct beneficial ownership in connection with FARO’s pending merger with a wholly-owned subsidiary of AMETEK, Inc. Under the Merger Agreement dated 05/05/2025, every share and restricted/performance stock unit was cancelled and converted into the right to receive $44.00 in cash.

• Common shares disposed: 39,264
• Performance/Restricted Stock Units disposed: 41,018
• Post-transaction ownership: 0 shares / 0 derivative securities

The filing confirms that, immediately prior to the effective time of the merger, all equity held by the CFO was cash-settled at the agreed merger price, signalling completion mechanics and elimination of insider equity exposure.

Positive

• Cash consideration of $44 per share/unit provides immediate liquidity to shareholders and insiders as stipulated in the merger agreement.
• Form 4 confirms mechanical completion steps of the FARO–AMETEK merger, reducing execution uncertainty for investors.

Negative

• CFO’s ownership falls to zero, ending insider equity alignment with FARO’s ongoing performance post-transaction.

Insights

M&A Specialist

TL;DR Insider Form 4 indicates equity cancellation and $44 cash payout, confirming mechanical close of FARO-AMETEK merger.

The transaction shows the CFO’s 80,282 total equity instruments (common and RSUs/PSUs) cancelled for $44 cash each, aligning with the Merger Agreement’s terms. Insider now holds zero shares, demonstrating full transition to AMETEK ownership. From an M&A perspective, this filing is largely procedural yet confirms that consideration is fully cash, eliminating post-close rollover equity and integration complexity. It also signals that closing conditions tied to equity treatment have been met, reducing deal-completion risk.

Corporate Governance Expert

TL;DR CFO exits equity stake; insider alignment with future performance ceases post-merger.

Governance-wise, the Form 4 records total divestiture of management’s FARO equity due to cash-only merger. While shareholders receive liquidity, removal of insider ownership may affect post-close retention incentives; however, such concerns shift to AMETEK’s compensation structures. No irregularities noted; filing meets Section 16 obligations and provides transparency on insider cash-out.

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)
07/21/2025

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	07/21/2025		S		45,000(1)	D	$12.7162(2)	4,923,376	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 $12.6400 to $12.7900. 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	07/21/2025
	** 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 FARO's CFO disclose in the 07/21/2025 Form 4?

He reported disposing of 39,264 common shares and 41,018 stock units, all converted to $44.00 cash each under the merger.

How many FARO shares does the CFO own after the transaction?

Following the conversion, the filing shows 0 shares and 0 derivative securities remaining.

What price will FARO shareholders receive in the AMETEK merger?

Each FARO share or eligible stock unit will be cancelled for $44.00 in cash per the Merger Agreement.

Does the Form 4 indicate the FARO–AMETEK merger has closed?

The filing reflects equity cancellation consistent with closing mechanics, suggesting the merger is at or near its effective time.

Why were performance share units cancelled?

Under the merger terms, PSUs vested immediately before closing and were cash-settled at $44, eliminating contingent equity.