BofA files 13G/A reporting 10.2M UiPath (PATH) shares; passive holding

Rhea-AI Filing Summary

Bank of America Corporation reports a passive stake in UiPath, Inc.'s Class A common stock totaling 10,222,937 shares, representing 2.2% of the class. The filing shows no sole voting or dispositive power and instead identifies shared voting power of 10,183,823 shares and shared dispositive power of 10,175,577 shares, indicating the position is held through multiple Bank of America entities rather than controlled by a single person.

The statement is filed on behalf of Bank of America and specified wholly owned subsidiaries, including broker-dealers and banking affiliates. The filer certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of UiPath.

Positive

• Transparent disclosure of total shares beneficially owned: 10,222,937
• Certification that holdings are acquired and held in the ordinary course and not to influence control
• Clear breakdown of voting and dispositive powers showing no sole control

Negative

• Holding below 5%, so unlikely to drive strategic change at UiPath
• No sole voting or dispositive power, indicating limited direct influence by Bank of America on corporate decisions

Insights

Financial Analyst

TL;DR: Bank of America holds a modest, passive 2.2% stake (10.2M shares) in UiPath via multiple affiliates; position appears non-controlling.

The filing discloses a 2.2% ownership level that is below typical 5% materiality thresholds for activist or control implications. The large gap between shared and sole power (0 sole) confirms aggregate influence is exercised through group arrangements and custodial/broker channels. For investors this is a transparent passive disclosure rather than an operational or strategic development affecting UiPath's governance or capital structure.

Corporate Governance Expert

TL;DR: This Schedule 13G/A shows passive, ordinary-course holdings by a financial group; it does not signal a change in control intent.

The certification expressly states the holdings were not acquired to influence control, aligning with Rule 13d-1(b)/(c) passive filing behavior. The involvement of broker-dealer and bank subsidiaries explains shared voting/dispositive power figures. From a governance perspective, the filing documents ownership but does not introduce new governance risk or activist pressure on management.

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

(Title of Class of Securities)

90364P105

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 90364P105

1

Names of Reporting Persons

BANK OF AMERICA CORP /DE/

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 10,183,823.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 10,175,577.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,222,937.00

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)

2.2 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: UiPath, Inc.
(b)	Address of issuer's principal executive offices: ONE VANDERBILT AVENUE, ONE VANDERBILT AVENUE, NEW YORK, NEW YORK, 10017.
Item 2.
(a)	Name of person filing: BANK OF AMERICA CORP /DE/
(b)	Address or principal business office or, if none, residence: 100 N TRYON ST CHARLOTTE, NC 28255
(c)	Citizenship: Delaware
(d)	Title of class of securities: Class A common stock
(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: 10,222,937.00
(b)	Percent of class: 2.2%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0.00
	(ii) Shared power to vote or to direct the vote: 10,183,823.00
	(iii) Sole power to dispose or to direct the disposition of: 0.00
	(iv) Shared power to dispose or to direct the disposition of: 10,175,577.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. This statement on Schedule 13G is being filed by Bank of America Corporation on behalf of itself and its wholly owned subsidiaries BofA Securities, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o); Bank of America N.A., a bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); Merrill Lynch Pierce Fenner & Smith, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o); U.S. Trust Co of Delaware, a corporation which holding does not exceed one percent of the reported securities; Merrill Lynch International, a non-U.S. institution in accordance with section 240.13d-1(b)(1)(ii)(J); and BofA Securities Europe SA, a non-U.S. institution in accordance with section 240.13d-1(b)(1)(ii)(J).
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 acquired and are held in the ordinary course of business and 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.

BANK OF AMERICA CORP /DE/

Signature:	Andres Ortiz
Name/Title:	Authorized Signatory
Date:	08/12/2025

FAQ

How many UiPath (PATH) shares does Bank of America report owning?

Bank of America reports beneficial ownership of 10,222,937 shares of UiPath Class A common stock.

What percentage of UiPath's Class A stock does Bank of America hold?

The filing states the position represents 2.2% of the Class A common stock.

Does Bank of America have sole voting control over its UiPath shares?

No. The filing shows 0 shares with sole voting power and 10,183,823 shares with shared voting power.

Are the UiPath shares held by Bank of America intended to influence company control?

The filer certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Which Bank of America entities hold the UiPath position?

The statement is filed on behalf of Bank of America Corporation and wholly owned subsidiaries including BofA Securities, Inc.; Bank of America N.A.; Merrill Lynch Pierce Fenner & Smith, Inc.; U.S. Trust Co of Delaware; Merrill Lynch International; and BofA Securities Europe SA.

Does this filing indicate a group or coordinated ownership?

Item 8 and Item 9 indicate Not Applicable, and the filing attributes holdings to Bank of America and its subsidiaries rather than a separate investor group.