Carl M. Eschenbach - 09 Dec 2022 Form 4 Insider Report for UiPath, Inc. (PATH)

Role
Director
Signature
/s/ Jung Yeon Son, as Attorney-in-Fact
Issuer symbol
PATH
Transactions as of
09 Dec 2022
Net transactions value
$0
Form type
4
Filing time
13 Dec 2022, 15:50:11 UTC
Previous filing
13 Sep 2022
Next filing
14 Dec 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PATH Class A Common Stock Other -2,086,729 -50% 2,086,729 09 Dec 2022 By Sequoia Capital U.S. Growth Fund VII, L.P. F1, F2
transaction PATH Class A Common Stock Other -29,391 -50% 29,391 09 Dec 2022 By Sequoia Capital U.S. Growth VII Principals Fund, L.P. F1, F2
transaction PATH Class A Common Stock Other -793,817 -26% 2,218,209 09 Dec 2022 By Sequoia Grove II, LLC F1, F3
transaction PATH Class A Common Stock Other -15,045 -24% 47,380 09 Dec 2022 By Sequoia Grove UK, L.P. F1, F3
transaction PATH Class A Common Stock Other +10,272 +3.1% 342,036 09 Dec 2022 By estate planning vehicles F1
holding PATH Class A Common Stock 4,400,687 09 Dec 2022 By Sequoia Capital U.S. Growth Fund VIII, L.P. F2
holding PATH Class A Common Stock 26,408 09 Dec 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.