Carl M. Eschenbach - May 27, 2021 Form 4 Insider Report for UiPath, Inc. (PATH)

Role
Director
Signature
/s/ Jung Yeon Son, as Attorney-in-Fact
Stock symbol
PATH
Transactions as of
May 27, 2021
Transactions value $
$0
Form type
4
Date filed
6/1/2021, 07:24 PM
Next filing
Jun 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PATH Class A Common Stock Other -1.79M -29.98% 4.17M May 27, 2021 By Sequoia Capital U.S. Growth Fund VII, L.P. F1, F2
transaction PATH Class A Common Stock Other -1.62M -26.89% 4.4M May 27, 2021 By Sequoia Capital U.S. Growth Fund VIII, L.P. F1, F2
transaction PATH Class A Common Stock Other +332K 332K May 27, 2021 By estate planning vehicles F1
transaction PATH Class A Common Stock Other +3.01M 3.01M May 27, 2021 By Sequoia Grove II, LLC F1, F3
transaction PATH Class A Common Stock Other +62.4K 62.4K May 27, 2021 By Sequoia Grove UK, L.P. F1, F3
holding PATH Class A Common Stock 58.8K May 27, 2021 By Sequoia Capital U.S. Growth VII Principals Fund, L.P. F2
holding PATH Class A Common Stock 16.1K May 27, 2021 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a distribution of Class A Common Stock of the Issuer to partners or members in connection with an internal restructuring. The distributed shares remain subject to a lock-up agreement with the underwriters of the issuer's initial public offering.
F2 The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is (i) the general partner of SC U.S. Growth VII Management, L.P., which is the general partner of each of Sequoia Capital U.S. Growth Fund VII, L.P. and Sequoia Capital U.S. Growth VII Principals Fund, L.P.; and (ii) the general partner of SC U.S. Growth VIII Management, L.P., which is the general partner of Sequoia Capital U.S. Growth Fund VIII, L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F3 The Reporting Person is a member of Sequoia Grove II, LLC and a limited partner of Sequoia Grove UK, L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F4 Includes 16,057 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 1/16th of the RSUs vest for each quarter of continuous service by the Reporting Person to the Issuer following March 16, 2021 and subject to continuous service through each such vesting date.