Carl M. Eschenbach - Dec 9, 2022 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: Dec 9, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/13/2022, 03:50 PM
Previous filing: Sep 13, 2022
Next filing: Dec 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PATH	Class A Common Stock	Other		-2.09M	-50%		2.09M	Dec 9, 2022	By Sequoia Capital U.S. Growth Fund VII, L.P.	F1, F2
transaction	PATH	Class A Common Stock	Other		-29.4K	-50%		29.4K	Dec 9, 2022	By Sequoia Capital U.S. Growth VII Principals Fund, L.P.	F1, F2
transaction	PATH	Class A Common Stock	Other		-794K	-26.35%		2.22M	Dec 9, 2022	By Sequoia Grove II, LLC	F1, F3
transaction	PATH	Class A Common Stock	Other		-15K	-24.1%		47.4K	Dec 9, 2022	By Sequoia Grove UK, L.P.	F1, F3
transaction	PATH	Class A Common Stock	Other		+10.3K	+3.1%		342K	Dec 9, 2022	By estate planning vehicles	F1
holding	PATH	Class A Common Stock						4.4M	Dec 9, 2022	By Sequoia Capital U.S. Growth Fund VIII, L.P.	F2
holding	PATH	Class A Common Stock						26.4K	Dec 9, 2022	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 and includes subsequent distributions by general partners or managing members to their respective partners or members.
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 26,408 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.