Daniel Dines - 13 Mar 2025 Form 4 Insider Report for UiPath, Inc. (PATH)

Role
CEO and Chairman, Director, 10%+ Owner
Signature
/s/ Brad Brubaker, Attorney-in-Fact
Issuer symbol
PATH
Transactions as of
13 Mar 2025
Transactions value $
$0
Form type
4
Filing time
17 Mar 2025, 18:49:47 UTC
Previous filing
18 Nov 2021
Next filing
01 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PATH Class A Common Stock Conversion of derivative security +5,000,000 +2.7% 6,853,255 13 Mar 2025 See Footnote F1, F2, F3
holding PATH Class A Common Stock 24,918,585 13 Mar 2025 Direct
holding PATH Class A Common Stock 240,000 13 Mar 2025 By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PATH Class B Common Stock Conversion of derivative security $0 -5,000,000 -6.06% $0 77,452,748 13 Mar 2025 Class A Common Stock 5,000,000 See Footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 13, 2025, 5,000,000 shares of Class B Common Stock held by Ice Vulcan Holding Limited, an entity controlled by Daniel Dines, CEO, Founder, and Chairman of the Issuer, were converted to 5,000,000 shares of Class A Common Stock in connection with Ice Vulcan Holding Limited's adoption, on December 20, 2024, of a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended.
F2 Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock of the Issuer and has no expiration date.
F3 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.