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UiPath grants CFO 525,000 performance stock units

UiPath’s chief financial officer received time- and performance-based stock unit awards tied to multi-year stock price hurdles and continued service.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

UiPath, Inc. (symbol: PATH) is the issuer of record for a Form 4 filing submitted to the SEC. Ramani Hitesh reported acquisition or exercise transactions in this Form 4 filing.

UiPath, Inc. (PATH) reported that Chief Financial Officer Hitesh Ramani received equity awards in the form of restricted and performance-based stock units. On September 3, 2026, he was granted 130,368 RSUs that vest partly on October 1, 2026 and then in quarterly installments, subject to continuous service. He was also granted 525,000 PSUs that may settle into Class A common shares if specified stock-price hurdles are achieved over multi-year measurement periods ending July 31, 2029 and July 31, 2031, with additional service-based vesting requirements.

Positive

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Insider Ramani Hitesh
Role Chief Financial Officer
Type Security Shares Price Value
Grant/Award Class A Common Stock F1 130,368 $0.00 $0.00
Grant/Award Class A Common Stock F2, F3 525,000 $0.00 $0.00
Holdings After Transaction: Class A Common Stock — 890,420 shares (Direct)
Footnotes (3)
  1. F1. Includes 130,368 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock (the "Common Stock") upon settlement. Sixteen and two thirds percent will vest on October 1, 2026, then eight and one third percent will vest in equal quarterly installments thereafter, subject to continuous service through each vesting date.
  2. F2. Includes 525,000 performance-based restricted stock units (PSUs). Each PSU represents a contingent right to receive one share of Common Stock upon settlement.
  3. F3. The PSUs are subject to the achievement of two stock price hurdles, measured based on the trailing average of the closing price per share of the Common Stock, as reported on the New York Stock Exchange, over a period of 90 consecutive trading days. 33% of the PSUs are subject to one stock price hurdle, which may be achieved during the three-year measurement period ending July 31, 2029. 67% of the PSUs are subject to a higher stock price hurdle, which may be achieved during the five-year measurement period ending July 31, 2031, in each case subject to continuous service through the applicable achievement date. The service-based vesting requirement is satisfied as to 1/12th of each tranche on the first day of each calendar quarter over the three-year period following the grant date, subject to continuous service through each vesting date.
RSUs granted 130,368 units Restricted stock units granted to the CFO on September 3, 2026
Initial RSU vesting portion 16 2/3% Portion of RSUs vesting on October 1, 2026
Ongoing RSU quarterly vesting 8 1/3% per quarter RSUs vest in equal quarterly installments after October 1, 2026
PSUs granted 525,000 units Performance-based restricted stock units granted to the CFO
Lower-hurdle PSU tranche 33% Portion of PSUs tied to a lower stock price hurdle measurable through July 31, 2029
Higher-hurdle PSU tranche 67% Portion of PSUs tied to a higher stock price hurdle measurable through July 31, 2031
Performance measurement window 90 trading days Trailing average closing price period used for PSU stock price hurdles
Service vesting period for PSUs 3 years Service-based vesting for each PSU tranche following the grant date
restricted stock units (RSUs) financial
"Includes 130,368 restricted stock units (RSUs). Each RSU represents a contingent"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
performance-based restricted stock units (PSUs) financial
"Includes 525,000 performance-based restricted stock units (PSUs). Each PSU"
stock price hurdles financial
"The PSUs are subject to the achievement of two stock price hurdles, measured"
"Stock price hurdles" are specific price levels that investors watch closely because reaching them can signal a potential change in the stock's future. Think of them like checkpoints in a video game; once the stock hits these levels, it might trigger new buying or selling activity, affecting whether the price goes up or down.
trailing average financial
"measured based on the trailing average of the closing price per share"
continuous service financial
"thereafter, subject to continuous service through each vesting date"

FAQ

What equity awards did PATH grant to its CFO Hitesh Ramani on September 3, 2026?
UiPath granted the CFO 130,368 restricted stock units (RSUs) and 525,000 performance-based restricted stock units (PSUs), each representing a contingent right to receive one share of Class A Common Stock upon settlement, subject to specified vesting and performance conditions.

How do the 130,368 RSUs granted by PATH to the CFO vest?
Of the 130,368 RSUs, 16 2/3% will vest on October 1, 2026, and the remaining 8 1/3% will vest in equal quarterly installments thereafter, in each case subject to the CFO’s continuous service through the applicable vesting date.

What performance conditions apply to the 525,000 PSUs granted by PATH?
The 525,000 PSUs are tied to two stock price hurdles based on the trailing 90-trading-day average closing price of the Class A Common Stock. 33% relate to a lower hurdle measurable through July 31, 2029, and 67% to a higher hurdle measurable through July 31, 2031.

What service-based vesting applies to PATH’s PSU grants to the CFO?
For each PSU tranche, the service-based vesting requirement is satisfied as to 1/12th of the tranche on the first day of each calendar quarter over the three-year period following the grant date, subject to the CFO’s continuous service through each vesting date.

Are the PATH CFO’s reported transactions under a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 plan is reported; the document-level checkbox for Rule 10b5-1 arrangements is unchecked for these equity award transactions.

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SEC Form 4
FORM 4UNITED 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).
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*
Ramani Hitesh
(Last)(First)(Middle)
C/O UIPATH, INC., ONE VANDERBILT AVENUE
60TH FLOOR
(Street)
NEW YORK NEW YORK 10017
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
UiPath, Inc. [ PATH ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/03/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock09/03/2026A130,368(1)A$0.00365,420D
Class A Common Stock09/03/2026A525,000(2)(3)A$0.00890,420D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Includes 130,368 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock (the "Common Stock") upon settlement. Sixteen and two thirds percent will vest on October 1, 2026, then eight and one third percent will vest in equal quarterly installments thereafter, subject to continuous service through each vesting date.
2. Includes 525,000 performance-based restricted stock units (PSUs). Each PSU represents a contingent right to receive one share of Common Stock upon settlement.
3. The PSUs are subject to the achievement of two stock price hurdles, measured based on the trailing average of the closing price per share of the Common Stock, as reported on the New York Stock Exchange, over a period of 90 consecutive trading days. 33% of the PSUs are subject to one stock price hurdle, which may be achieved during the three-year measurement period ending July 31, 2029. 67% of the PSUs are subject to a higher stock price hurdle, which may be achieved during the five-year measurement period ending July 31, 2031, in each case subject to continuous service through the applicable achievement date. The service-based vesting requirement is satisfied as to 1/12th of each tranche on the first day of each calendar quarter over the three-year period following the grant date, subject to continuous service through each vesting date.
Remarks:
/s/ Brad Brubaker, Attorney-in-Fact09/03/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR