Brad Brubaker - 10 Dec 2021 Form 4 Insider Report for UiPath, Inc. (PATH)

Signature
/s/ Brad Brubaker
Issuer symbol
PATH
Transactions as of
10 Dec 2021
Net transactions value
-$1,810,885
Form type
4
Filing time
22 Dec 2021, 17:23:55 UTC
Previous filing
08 Nov 2021
Next filing
05 Jan 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PATH Class A Common Stock Sale $1,810,885 -41,405 -19% $43.74 181,018 10 Dec 2021 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 41,405 shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of the Issuer's equity inventive plan restricted stock units (RSUs). These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $39.6500 to $48.1600, inclusive. The Reporting Person undertakes to provide to UiPath, Inc., any security holder of UiPath, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
F3 Reflects the December 20, 2021 purchase of 446 shares through the UiPath Employee Stock Purchase Plan at a price of $35.241 (reflecting the plan discount).