[SCHEDULE 13G/A] UiPath, Inc. Amended Passive Investment Disclosure
Tetragon reports 6.8% UiPath ownership stake
Tetragon Financial Group Limited and affiliated investment entities report beneficial ownership of 30,950,000 UiPath, Inc. Class A common shares, representing 6.8% of the class based on 453,429,560 shares outstanding as of May 29, 2026.
Tetragon Financial Group Limited and affiliated investment entities report beneficial ownership of 30,950,000 UiPath, Inc. Class A common shares, representing 6.8% of the class based on 453,429,560 shares outstanding as of May 29, 2026.
The group, including Westbourne River Event Master Fund and several Tetragon investment manager entities, reports no sole voting or dispositive power, instead holding shared voting and dispositive power over their respective UiPath share positions.
Positive
None.
Negative
None.
Key Figures
Beneficial ownership:30,950,000 sharesOwnership percentage:6.8%Shares outstanding:453,429,560 shares+4 more
7 metrics
Beneficial ownership30,950,000 sharesUiPath Class A common stock reported by Tetragon and affiliated entities
Ownership percentage6.8%Portion of UiPath Class A shares beneficially owned by the Tetragon group
Shares outstanding453,429,560 sharesUiPath Class A shares outstanding as of May 29, 2026, per Form 10-Q
WREMF holdings5,264,462 sharesClass A shares directly held by Westbourne River Event Master Fund
Tetragon Partners L.P. related block8,500,000 sharesClass A shares tied to Tetragon Partners L.P. and related entities
WREMF percentage1.2%UiPath Class A ownership reported for Westbourne River Event Master Fund
Tetragon Partners-related percentage1.9%UiPath Class A ownership reported for certain Tetragon Partners entities
"Amount beneficially owned: The information required by Item 4(a) is set forth"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared voting powerfinancial
"Shared Voting Power 30,950,000.00 7 | Sole Dispositive Power 0.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 30,950,000.00 9 30,950,000.00"
investment managerfinancial
"as the investment manager of WREMF, with respect to the Shares directly"
CUSIP No.financial
"Title of class of securities: Class A Common Stock ... CUSIP No.: 90364P105"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of UiPath (PATH) shares does Tetragon report owning?
Tetragon and its affiliated entities report beneficial ownership of 6.8% of UiPath’s Class A common stock. This percentage is calculated using 453,429,560 shares outstanding as of May 29, 2026, as disclosed in UiPath’s Form 10-Q.
How many UiPath (PATH) shares do Tetragon and affiliates beneficially own?
Tetragon Financial Group Limited and related entities report beneficial ownership of 30,950,000 UiPath Class A common shares. This stake reflects shares over which they have shared voting and dispositive power, rather than any sole power, under the group’s investment management structure.
What UiPath (PATH) share count was used to compute Tetragon’s ownership percentage?
The reported 6.8% ownership is based on 453,429,560 UiPath Class A shares outstanding as of May 29, 2026. That outstanding share figure comes from UiPath’s Quarterly Report on Form 10-Q for the period ended April 30, 2026.
Which entities are in the Tetragon reporting group for UiPath (PATH)?
The reporting group includes Westbourne River Event Master Fund, Tetragon Financial Group Limited, Tetragon Partners L.P., Tetragon Partners GP Ltd, Tetragon Partners US LP, Tetragon Partners UK LLP, Tetragon Financial Management L.P., and principals Patrick G. G. Dear and Reade E. Griffith.
Do Tetragon entities have sole or shared voting power over UiPath (PATH) shares?
The reporting persons disclose 0 shares with sole voting or dispositive power and only shared voting and dispositive power over their UiPath holdings. For example, several entities report shared power over 30,950,000 shares of Class A common stock.
Who signed the UiPath (PATH) ownership report for the Tetragon group?
Reade E. Griffith signed multiple times as Authorized Signatory for various Tetragon-related entities, and both Reade E. Griffith and Patrick G.G. Dear also signed individually. The signatures are dated July 15, 2026.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
UiPath, Inc.
(Name of Issuer)
Class A Common Stock, par value $0.00001 per share
(Title of Class of Securities)
90364P105
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
90364P105
1
Names of Reporting Persons
Westbourne River Event Master Fund
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,264,462.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,264,462.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,264,462.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.2 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
90364P105
1
Names of Reporting Persons
Tetragon Financial Group Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
GUERNSEY
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
30,950,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
30,950,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
30,950,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.8 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
90364P105
1
Names of Reporting Persons
Tetragon Partners L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
8,500,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
8,500,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,500,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.9 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP Number(s):
90364P105
1
Names of Reporting Persons
Tetragon Partners GP Ltd
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
8,500,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
8,500,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,500,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.9 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
90364P105
1
Names of Reporting Persons
Tetragon Partners US LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,264,462.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,264,462.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,264,462.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.2 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
90364P105
1
Names of Reporting Persons
Tetragon Partners UK LLP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
8,500,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
8,500,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,500,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.9 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
90364P105
1
Names of Reporting Persons
Tetragon Financial Management LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
30,950,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
30,950,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
30,950,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.8 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP Number(s):
90364P105
1
Names of Reporting Persons
Patrick G. G. Dear
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
30,950,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
30,950,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
30,950,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.8 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP Number(s):
90364P105
1
Names of Reporting Persons
Reade E. Griffith
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
30,950,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
30,950,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
30,950,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.8 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
UiPath, Inc.
(b)
Address of issuer's principal executive offices:
One Vanderbilt Avenue, 60th Floor, New York, NY 10017
Item 2.
(a)
Name of person filing:
This statement is filed by:
i. Westbourne River Event Master Fund ("WREMF"), a Cayman Islands exempted company, with respect to the Class A common stock, par value $0.00001 per share (the "Shares"), of UiPath, Inc. (the "Company") directly held by it;
ii. Tetragon Financial Group Limited ("Tetragon"), a Guernsey company, as the parent company of the General Partner (as defined below), with respect to the Shares directly held by it, WREMF and Blackwell Partners LLC - Series A (the "Managed Account"), one of the series of a limited liability company formed under the laws of the State of Delaware;
iii. Tetragon Partners L.P. ("Tetragon Partners"), a Cayman Islands limited partnership, as the parent company of the US Investment Manager and the UK Investment Manager (each as defined below), with respect to the Shares directly held by WREMF and the Managed Account;
iv. Tetragon Partners GP Ltd ("General Partner"), a Cayman Islands limited company, as the general partner of Tetragon Partners, with respect to the Shares directly held by WREMF and the Managed Account;
v. Tetragon Partners US LP ("US Investment Manager"), a Delaware limited partnership, as the investment manager of WREMF, with respect to the Shares directly held by WREMF;
vi. Tetragon Partners UK LLP ("UK Investment Manager"), a United Kingdom limited liability partnership, as the investment manager of WREMF and the Managed Account, with respect to the Shares directly held by WREMF and the Managed Account;
vii. Tetragon Financial Management L.P. ("Tetragon Manager"), a Delaware limited partnership, as the investment manager of Tetragon, with respect to the Shares directly held by Tetragon, WREMF and the Managed Account;
viii. Patrick G. G. Dear ("Mr. Dear"), as principal to US Investment Manager, UK Investment Manager and Tetragon Manager, with respect to the Shares directly held by Tetragon, WREMF and the Managed Account; and
ix. Reade E. Griffith ("Mr. Griffith"), as principal to US Investment Manager, UK Investment Manager and Tetragon Manager, with respect to the Shares directly held by Tetragon, WREMF and the Managed Account.
(b)
Address or principal business office or, if none, residence:
The address of the principal office of each of WREMF, Tetragon, Tetragon Partners, General Partner, UK Investment Manager, Messrs. Dear and Griffith is c/o Tetragon Partners UK LLP, 4 Sloane Terrace, London SW1X 9DQ, United Kingdom. The address of the principal office of each of Tetragon Manager and US Investment Manager is 399 Park Avenue, 22nd Floor, New York, New York 10022.
(c)
Citizenship:
WREMF is a Cayman Islands exempted company. Tetragon is a Guernsey company. Tetragon Partners is a Cayman Islands limited partnership. The General Partner is a Cayman Islands limited company. Each of US Investment Manager and Tetragon Manager is a Delaware limited partnership. UK Investment Manager is a United Kingdom limited partnership. Messrs. Dear and Griffith are citizens of the United Kingdom.
(d)
Title of class of securities:
Class A Common Stock, par value $0.00001 per share
(e)
CUSIP No.:
90364P105
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 453,429,560 Shares outstanding as of May 29, 2026, as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ended April 30, 2026, filed with the Securities and Exchange Commission on June 4, 2026.
(b)
Percent of class:
6.8%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
See Item 2(a).
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
