Ashim Gupta - 15 Sep 2023 Form 4 Insider Report for UiPath, Inc. (PATH)

Signature
/s/ Brad Brubaker, Attorney-in-Fact
Issuer symbol
PATH
Transactions as of
15 Sep 2023
Net transactions value
-$903,867
Form type
4
Filing time
19 Sep 2023, 12:30:41 UTC
Previous filing
17 Aug 2023
Next filing
03 Oct 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PATH Class A Common Stock Sale $695,272 -40,000 -3% $17.38 1,304,047 15 Sep 2023 Direct F1, F2
transaction PATH Class A Common Stock Sale $208,595 -12,000 -6.5% $17.38 171,505 15 Sep 2023 By Trust F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These shares were sold in compliance with a qualified selling plan adopted by the reporting person pursuant to Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended.
F2 The range of prices for the transactions reported were from $17.1300 to $18.1299. The reporting person will provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.