Rich Wong - Jan 8, 2024 Form 4 Insider Report for UiPath, Inc. (PATH)

Role
Director
Signature
/s/ Brad Brubaker, as Attorney-in-Fact
Stock symbol
PATH
Transactions as of
Jan 8, 2024
Transactions value $
-$4,624,220
Form type
4
Date filed
1/10/2024, 04:10 PM
Previous filing
Dec 7, 2023
Next filing
Jun 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PATH Class A Common Stock Sale -$4.62M -200K -31.78% $23.12 429K Jan 8, 2024 By Trust F1, F2, F3
holding PATH Class A Common Stock 37.4K Jan 8, 2024 Direct
* 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(c) promulgated under the Securities Exchange Act of 1934, as amended.
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 $22.8600 to $23.3500, 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 Includes 330,147 shares of Class A common stock acquired by the Reporting Person in multiple distributions for no consideration on the following days and in the following amounts, in accordance with the exemptions afforded by Rules 16a-9 and 16a-13 of the Securities Exchange Act of 1934, as amended: 96,341 shares on December 1, 2023; 41,532 shares on December 5, 2023; 65,112 shares on December 8, 2023; 41,529 shares on December 12, 2023; 41,551 shares on December 15, 2023; and 44,082 shares on December 19, 2023.