Form 4: UiPath CEO Daniel Dines Sells 45,000 Shares Under Pre-Arranged 10b5-1 Plan

UiPath CEO and Chairman Daniel Dines sold 45,000 shares of Class A Common Stock for approximately $12.72 per share, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Daniel Dines, the CEO and Chairman of UiPath, Inc., reported the sale of 45,000 shares of Class A Common Stock.
• The transaction occurred on July 21, 2025.
• The shares were sold at an average price of $12.7162 per share, with the transaction prices ranging from $12.6400 to $12.7900.
• The sale was conducted in compliance with a qualified selling plan adopted by Mr. Dines pursuant to Rule 10b5-1.
• Following this transaction, Mr. Dines beneficially owns a total of 30,081,961 shares of UiPath Class A Common Stock, comprising 4,923,376 shares held indirectly by Ice Vulcan Holding Limited, 24,918,585 shares held directly, and 240,000 shares held indirectly by his spouse.

Sentiment

Score: 5

Explanation: The sale is a pre-planned transaction under a 10b5-1 plan, which is a common practice for executive liquidity and diversification, rather than an indication of negative company performance. However, any insider selling can be viewed with slight caution by the market.

Positives

• The sale was executed under a Rule 10b5-1 plan, indicating a pre-scheduled transaction for personal financial planning rather than a discretionary sale based on new material non-public information.
• Daniel Dines retains significant beneficial ownership of 30,081,961 shares of UiPath Class A Common Stock after the transaction, demonstrating continued alignment with shareholder interests.

Negatives

• A significant insider sale of 45,000 shares by the CEO and Chairman, even if pre-planned, could be perceived negatively by some investors, potentially leading to short-term market speculation.

Risks

• Potential for negative market perception or investor sentiment due to insider selling, despite the transaction being conducted under a Rule 10b5-1 plan.

Future Outlook

NA

Management Comments

• The 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.

Industry Context

NA

Corporate Governance

Related Party Transactions

• Daniel Dines' indirect beneficial ownership includes shares held by Ice Vulcan Holding Limited, where IceVulcan Investments Ltd. is the sole shareholder, and Mr. Dines is the sole shareholder of IceVulcan Investments Ltd. He retains sole voting and investment power over these shares.
• An additional 240,000 shares are indirectly beneficially owned by Mr. Dines through his spouse.

Stakeholder Impact

• Shareholders: May interpret the insider sale as a routine diversification or liquidity event, given it was executed under a 10b5-1 plan, which typically mitigates concerns about trading on non-public information. However, some may still view any insider selling with caution.
• Employees: No direct impact on employees is indicated by this transaction.

Key Dates

Recommendation

Keywords

UiPath, PATH, Daniel Dines, Form 4, Insider Sale, 10b5-1 Plan, Stock Transaction, Beneficial Ownership, CEO, Chairman