STOCK TITAN

[Form 4] TripAdvisor, Inc. Insider Trading Activity

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4
Rhea-AI Filing Summary

UiPath, Inc. (PATH) – Insider Transaction Summary

Form 4 filed for CEO, Chairman and 10% owner Daniel Dines discloses a sale of 45,000 Class A common shares on 07/03/2025 executed under a pre-arranged Rule 10b5-1 trading plan. The weighted-average sale price was $13.0132 per share, implying gross proceeds of roughly $0.59 million.

Post-transaction, Dines continues to hold a substantial equity position:

  • 24,918,585 Class A shares held directly.
  • 5,418,376 Class A shares held indirectly through Ice Vulcan Holding Ltd. (see footnote-3).
  • 24,000 Class A shares held indirectly by spouse.

Total beneficial ownership remains about 30.36 million shares, so the reported sale represents <0.2% of his holdings and is therefore immaterial to his overall stake. No derivative security transactions were reported.

The filing does not include financial results, guidance, or operational updates. From a governance perspective, the sale is routine, disclosed promptly, and carried out under an established 10b5-1 plan, which typically mitigates concerns of opportunistic trading.

UiPath, Inc. (PATH) – Riepilogo delle Transazioni Insider

Il Modulo 4 presentato dal CEO, Presidente e proprietario del 10% Daniel Dines rivela la vendita di 45.000 azioni ordinarie di Classe A il 03/07/2025, eseguita secondo un piano di trading predefinito ai sensi della Regola 10b5-1. Il prezzo medio ponderato di vendita è stato di $13,0132 per azione, per un ricavo lordo di circa $0,59 milioni.

Dopo la transazione, Dines mantiene una posizione azionaria significativa:

  • 24.918.585 azioni di Classe A detenute direttamente.
  • 5.418.376 azioni di Classe A detenute indirettamente tramite Ice Vulcan Holding Ltd. (vedi nota 3).
  • 24.000 azioni di Classe A detenute indirettamente dal coniuge.

La proprietà totale effettiva rimane circa 30,36 milioni di azioni, quindi la vendita segnalata rappresenta meno del 0,2% delle sue partecipazioni e risulta quindi irrilevante rispetto al suo investimento complessivo. Non sono state riportate transazioni su strumenti derivati.

Il documento non include risultati finanziari, previsioni o aggiornamenti operativi. Dal punto di vista della governance, la vendita è di routine, comunicata tempestivamente e realizzata nell’ambito di un piano 10b5-1 consolidato, che solitamente riduce i timori di operazioni speculative.

UiPath, Inc. (PATH) – Resumen de Transacciones de Insiders

El Formulario 4 presentado por el CEO, Presidente y propietario del 10% Daniel Dines revela una venta de 45,000 acciones ordinarias Clase A el 03/07/2025, ejecutada bajo un plan de trading preestablecido conforme a la Regla 10b5-1. El precio promedio ponderado de venta fue de $13.0132 por acción, lo que implica ingresos brutos aproximados de $0.59 millones.

Después de la transacción, Dines continúa manteniendo una posición accionaria sustancial:

  • 24,918,585 acciones Clase A en posesión directa.
  • 5,418,376 acciones Clase A en posesión indirecta a través de Ice Vulcan Holding Ltd. (ver nota 3).
  • 24,000 acciones Clase A en posesión indirecta por parte de su cónyuge.

La propiedad total beneficiaria sigue siendo aproximadamente 30.36 millones de acciones, por lo que la venta reportada representa menos del 0.2% de sus tenencias y, por lo tanto, es insignificante para su participación global. No se reportaron transacciones con valores derivados.

El informe no incluye resultados financieros, previsiones ni actualizaciones operativas. Desde una perspectiva de gobernanza, la venta es rutinaria, divulgada de manera oportuna y realizada bajo un plan 10b5-1 establecido, que generalmente mitiga preocupaciones sobre operaciones oportunistas.

UiPath, Inc. (PATH) – 내부자 거래 요약

CEO 겸 회장, 10% 지분 보유자 Daniel Dines가 제출한 Form 4는 2025년 7월 3일에 45,000주 클래스 A 보통주 매도를 사전 설정된 Rule 10b5-1 거래 계획에 따라 실행했음을 공개합니다. 가중 평균 매도 가격은 주당 $13.0132로, 총 매출액은 약 $59만에 달합니다.

거래 후 Dines는 상당한 주식 보유를 유지합니다:

  • 24,918,585주 클래스 A 주식을 직접 보유.
  • 5,418,376주 클래스 A 주식을 Ice Vulcan Holding Ltd.를 통해 간접적으로 보유(각주 3 참조).
  • 24,000주 클래스 A 주식을 배우자를 통해 간접적으로 보유.

총 실질 보유 주식은 약 3,036만 주로, 보고된 매도는 보유 주식의 0.2% 미만에 해당하여 전체 지분에 미치는 영향은 미미합니다. 파생상품 거래는 보고되지 않았습니다.

보고서에는 재무 결과, 전망 또는 운영 업데이트가 포함되어 있지 않습니다. 거버넌스 관점에서 이번 매도는 일상적이며, 신속히 공시되었고, 10b5-1 계획에 따라 이루어져 기회주의적 거래 우려를 줄이는 데 도움이 됩니다.

UiPath, Inc. (PATH) – Résumé des Transactions d’Initiés

Le formulaire 4 déposé par le PDG, Président et détenteur de 10% Daniel Dines révèle une vente de 45 000 actions ordinaires de Classe A le 03/07/2025, réalisée dans le cadre d’un plan de négociation préétabli selon la règle 10b5-1. Le prix moyen pondéré de vente était de 13,0132 $ par action, ce qui implique un produit brut d’environ 0,59 million $.

Après la transaction, Dines continue de détenir une position importante :

  • 24 918 585 actions de Classe A détenues directement.
  • 5 418 376 actions de Classe A détenues indirectement via Ice Vulcan Holding Ltd. (voir note 3).
  • 24 000 actions de Classe A détenues indirectement par son conjoint.

La détention effective totale reste d’environ 30,36 millions d’actions, donc la vente déclarée représente moins de 0,2% de ses avoirs et est donc négligeable par rapport à sa participation globale. Aucune transaction sur titres dérivés n’a été signalée.

Le dépôt n’inclut pas de résultats financiers, de prévisions ou de mises à jour opérationnelles. Du point de vue de la gouvernance, la vente est routinière, divulguée rapidement et réalisée dans le cadre d’un plan 10b5-1 établi, ce qui réduit généralement les inquiétudes concernant des opérations opportunistes.

UiPath, Inc. (PATH) – Zusammenfassung der Insider-Transaktionen

Das Formblatt 4, eingereicht vom CEO, Vorsitzenden und 10%-Eigentümer Daniel Dines, offenbart einen Verkauf von 45.000 Class-A-Stammaktien am 03.07.2025, durchgeführt im Rahmen eines vorab vereinbarten Rule-10b5-1-Handelsplans. Der gewichtete Durchschnittspreis lag bei 13,0132 $ pro Aktie, was Bruttoerlöse von rund 0,59 Mio. $ bedeutet.

Nach der Transaktion hält Dines weiterhin eine bedeutende Beteiligung:

  • 24.918.585 Class-A-Aktien direkt gehalten.
  • 5.418.376 Class-A-Aktien indirekt über Ice Vulcan Holding Ltd. gehalten (siehe Fußnote 3).
  • 24.000 Class-A-Aktien indirekt durch den Ehepartner gehalten.

Die Gesamtbeteiligung beläuft sich weiterhin auf etwa 30,36 Millionen Aktien, sodass der gemeldete Verkauf weniger als 0,2% seines Bestands ausmacht und somit für seine Gesamtbeteiligung unerheblich ist. Es wurden keine Transaktionen mit Derivaten gemeldet.

Die Meldung enthält keine Finanzkennzahlen, Prognosen oder operative Updates. Aus Governance-Sicht ist der Verkauf routinemäßig, wurde zeitnah offengelegt und im Rahmen eines etablierten 10b5-1-Plans durchgeführt, was üblicherweise Bedenken hinsichtlich opportunistischer Handelsaktivitäten mindert.

Positive
  • Transaction executed under Rule 10b5-1 plan, indicating pre-scheduled, compliance-oriented selling behavior.
  • CEO retains ~30 million shares, preserving significant insider alignment with shareholders.
Negative
  • Insider sale by CEO can be perceived as a modestly negative sentiment indicator, though scale is small.

Insights

TL;DR: Minor 45k-share sale by CEO under 10b5-1 plan; negligible ownership impact, neutral fundamental signal.

The 45,000-share disposition equals roughly 0.15% of Mr. Dines’ ~30 million-share stake. Gross proceeds of ~$0.6 million are insignificant relative to his exposure and PATH’s ~$7 billion market cap. Because the transaction was executed via a pre-set 10b5-1 plan, it does not necessarily convey management’s view on valuation or near-term fundamentals. I view the filing as non-material to the investment thesis; it neither alters float meaningfully nor signals operational weakness.

TL;DR: Properly disclosed insider sale; governance process intact, limited negative optics.

The CEO remains a >10% holder after sale, maintaining strong alignment with shareholders. Use of a 10b5-1 plan demonstrates good governance practice, helping insulate the transaction from insider-timing concerns. Volume is well below average daily trading (≈5 million shares), thus minimal market impact. Overall, the event is routine and does not suggest governance red flags.

UiPath, Inc. (PATH) – Riepilogo delle Transazioni Insider

Il Modulo 4 presentato dal CEO, Presidente e proprietario del 10% Daniel Dines rivela la vendita di 45.000 azioni ordinarie di Classe A il 03/07/2025, eseguita secondo un piano di trading predefinito ai sensi della Regola 10b5-1. Il prezzo medio ponderato di vendita è stato di $13,0132 per azione, per un ricavo lordo di circa $0,59 milioni.

Dopo la transazione, Dines mantiene una posizione azionaria significativa:

  • 24.918.585 azioni di Classe A detenute direttamente.
  • 5.418.376 azioni di Classe A detenute indirettamente tramite Ice Vulcan Holding Ltd. (vedi nota 3).
  • 24.000 azioni di Classe A detenute indirettamente dal coniuge.

La proprietà totale effettiva rimane circa 30,36 milioni di azioni, quindi la vendita segnalata rappresenta meno del 0,2% delle sue partecipazioni e risulta quindi irrilevante rispetto al suo investimento complessivo. Non sono state riportate transazioni su strumenti derivati.

Il documento non include risultati finanziari, previsioni o aggiornamenti operativi. Dal punto di vista della governance, la vendita è di routine, comunicata tempestivamente e realizzata nell’ambito di un piano 10b5-1 consolidato, che solitamente riduce i timori di operazioni speculative.

UiPath, Inc. (PATH) – Resumen de Transacciones de Insiders

El Formulario 4 presentado por el CEO, Presidente y propietario del 10% Daniel Dines revela una venta de 45,000 acciones ordinarias Clase A el 03/07/2025, ejecutada bajo un plan de trading preestablecido conforme a la Regla 10b5-1. El precio promedio ponderado de venta fue de $13.0132 por acción, lo que implica ingresos brutos aproximados de $0.59 millones.

Después de la transacción, Dines continúa manteniendo una posición accionaria sustancial:

  • 24,918,585 acciones Clase A en posesión directa.
  • 5,418,376 acciones Clase A en posesión indirecta a través de Ice Vulcan Holding Ltd. (ver nota 3).
  • 24,000 acciones Clase A en posesión indirecta por parte de su cónyuge.

La propiedad total beneficiaria sigue siendo aproximadamente 30.36 millones de acciones, por lo que la venta reportada representa menos del 0.2% de sus tenencias y, por lo tanto, es insignificante para su participación global. No se reportaron transacciones con valores derivados.

El informe no incluye resultados financieros, previsiones ni actualizaciones operativas. Desde una perspectiva de gobernanza, la venta es rutinaria, divulgada de manera oportuna y realizada bajo un plan 10b5-1 establecido, que generalmente mitiga preocupaciones sobre operaciones oportunistas.

UiPath, Inc. (PATH) – 내부자 거래 요약

CEO 겸 회장, 10% 지분 보유자 Daniel Dines가 제출한 Form 4는 2025년 7월 3일에 45,000주 클래스 A 보통주 매도를 사전 설정된 Rule 10b5-1 거래 계획에 따라 실행했음을 공개합니다. 가중 평균 매도 가격은 주당 $13.0132로, 총 매출액은 약 $59만에 달합니다.

거래 후 Dines는 상당한 주식 보유를 유지합니다:

  • 24,918,585주 클래스 A 주식을 직접 보유.
  • 5,418,376주 클래스 A 주식을 Ice Vulcan Holding Ltd.를 통해 간접적으로 보유(각주 3 참조).
  • 24,000주 클래스 A 주식을 배우자를 통해 간접적으로 보유.

총 실질 보유 주식은 약 3,036만 주로, 보고된 매도는 보유 주식의 0.2% 미만에 해당하여 전체 지분에 미치는 영향은 미미합니다. 파생상품 거래는 보고되지 않았습니다.

보고서에는 재무 결과, 전망 또는 운영 업데이트가 포함되어 있지 않습니다. 거버넌스 관점에서 이번 매도는 일상적이며, 신속히 공시되었고, 10b5-1 계획에 따라 이루어져 기회주의적 거래 우려를 줄이는 데 도움이 됩니다.

UiPath, Inc. (PATH) – Résumé des Transactions d’Initiés

Le formulaire 4 déposé par le PDG, Président et détenteur de 10% Daniel Dines révèle une vente de 45 000 actions ordinaires de Classe A le 03/07/2025, réalisée dans le cadre d’un plan de négociation préétabli selon la règle 10b5-1. Le prix moyen pondéré de vente était de 13,0132 $ par action, ce qui implique un produit brut d’environ 0,59 million $.

Après la transaction, Dines continue de détenir une position importante :

  • 24 918 585 actions de Classe A détenues directement.
  • 5 418 376 actions de Classe A détenues indirectement via Ice Vulcan Holding Ltd. (voir note 3).
  • 24 000 actions de Classe A détenues indirectement par son conjoint.

La détention effective totale reste d’environ 30,36 millions d’actions, donc la vente déclarée représente moins de 0,2% de ses avoirs et est donc négligeable par rapport à sa participation globale. Aucune transaction sur titres dérivés n’a été signalée.

Le dépôt n’inclut pas de résultats financiers, de prévisions ou de mises à jour opérationnelles. Du point de vue de la gouvernance, la vente est routinière, divulguée rapidement et réalisée dans le cadre d’un plan 10b5-1 établi, ce qui réduit généralement les inquiétudes concernant des opérations opportunistes.

UiPath, Inc. (PATH) – Zusammenfassung der Insider-Transaktionen

Das Formblatt 4, eingereicht vom CEO, Vorsitzenden und 10%-Eigentümer Daniel Dines, offenbart einen Verkauf von 45.000 Class-A-Stammaktien am 03.07.2025, durchgeführt im Rahmen eines vorab vereinbarten Rule-10b5-1-Handelsplans. Der gewichtete Durchschnittspreis lag bei 13,0132 $ pro Aktie, was Bruttoerlöse von rund 0,59 Mio. $ bedeutet.

Nach der Transaktion hält Dines weiterhin eine bedeutende Beteiligung:

  • 24.918.585 Class-A-Aktien direkt gehalten.
  • 5.418.376 Class-A-Aktien indirekt über Ice Vulcan Holding Ltd. gehalten (siehe Fußnote 3).
  • 24.000 Class-A-Aktien indirekt durch den Ehepartner gehalten.

Die Gesamtbeteiligung beläuft sich weiterhin auf etwa 30,36 Millionen Aktien, sodass der gemeldete Verkauf weniger als 0,2% seines Bestands ausmacht und somit für seine Gesamtbeteiligung unerheblich ist. Es wurden keine Transaktionen mit Derivaten gemeldet.

Die Meldung enthält keine Finanzkennzahlen, Prognosen oder operative Updates. Aus Governance-Sicht ist der Verkauf routinemäßig, wurde zeitnah offengelegt und im Rahmen eines etablierten 10b5-1-Plans durchgeführt, was üblicherweise Bedenken hinsichtlich opportunistischer Handelsaktivitäten mindert.

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).
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*
Goldberg Matt

(Last) (First) (Middle)
C/O TRIPADVISOR, INC.
400 1ST AVENUE

(Street)
NEEDHAM MA 02494

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TripAdvisor, Inc. [ TRIP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CEO and President
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
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
Common Stock 07/01/2025 M 16,116 A $13.05 144,913 D
Common Stock 07/01/2025 F 7,793 D $13.05 137,120 D
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
Restricted Stock Units $0 07/01/2025 M 16,116 07/01/2023 07/01/2026 Common Stock 16,116 $0 64,463 D
Explanation of Responses:
/s/ Linda C. Frazier, attorney in fact 07/02/2025
** 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

How many UiPath (PATH) shares did CEO Daniel Dines sell on July 3 2025?

He sold 45,000 Class A shares at a weighted-average price of $13.0132.

What was the total value of the shares sold by the UiPath CEO?

Gross proceeds were approximately $0.59 million (45,000 × $13.0132).

Does Daniel Dines still own a significant stake in UiPath after the sale?

Yes. He continues to hold about 30.36 million shares (direct and indirect), well above the 10% ownership threshold.

Was the UiPath insider sale part of a 10b5-1 trading plan?

Yes, the filing states the transaction was made under a qualified Rule 10b5-1 plan.

Did the Form 4 include any derivative security activity?

No derivative securities were acquired or disposed of in this filing.
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