Form 4: UiPath CEO Daniel Dines Sells 45,000 Shares Under Pre-Arranged Trading Plan
Summary
- Daniel Dines, CEO and Chairman of UiPath, Inc. (PATH), reported the sale of 45,000 shares of Class A Common Stock.
- The transaction occurred on June 5, 2025, at an average price of $13.1665 per share, totaling approximately $592,492.
- The sale was executed pursuant to a pre-arranged Rule 10b5-1 trading plan, which allows insiders to sell shares at a predetermined time or price to avoid accusations of trading on material non-public information.
- Following the transaction, Mr. Dines' beneficial ownership includes 24,918,585 shares held directly, 6,273,376 shares held indirectly through Ice Vulcan Holding Limited, and 240,000 shares held indirectly by his spouse.
- The price range for the reported transactions was from $13.1200 to $13.2400.
Sentiment
Score: 4
Explanation: The sentiment is moderately negative due to the CEO's sale of shares, although the impact is mitigated by the fact that it was conducted under a Rule 10b5-1 plan, indicating a pre-scheduled transaction rather than an immediate reaction to new information.
Negatives
- The sale of 45,000 shares by the CEO and Chairman, Daniel Dines, could be perceived negatively by investors as it represents a reduction in his direct stake in the company.
Risks
- Insider selling, even under a 10b5-1 plan, can sometimes lead to negative market sentiment or speculation regarding the company's future prospects, potentially impacting share price.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This filing is a routine disclosure of an insider stock transaction and does not provide information directly related to broader industry trends or competitive landscape within the Robotic Process Automation (RPA) sector.
Stakeholder Impact
- Shareholders: May view the CEO's share sale with caution, potentially leading to negative sentiment or a re-evaluation of their investment thesis, despite the 10b5-1 plan.
Key Dates
- 06/05/2025: Date of transaction for the sale of Class A Common Stock by Daniel Dines.
Keywords
Filings with Classifications
Insider Trading Report
- The sale of shares by a high-ranking executive and significant shareholder, even under a Rule 10b5-1 plan, is generally viewed as a negative signal by the market, as it reduces the insider's direct stake in the company.
SEC Form 4
- The sale of shares by a key executive like the CEO, even if pre-planned, can be interpreted as a lack of confidence or a signal that the stock may not appreciate significantly in the near term, which is generally viewed as a negative indicator for investors.
Quarterly Report
- First quarter results exceeded the company's guidance on both the top line (revenue) and bottom line (non-GAAP operating income).
- Achieved significant year-over-year expansion in non-GAAP operating margin.
Proxy Statement
- The company's gross margin decreased from 85% in fiscal year 2024 to 83% in fiscal year 2025.
- The company's cash and cash equivalents, restricted cash, and marketable securities decreased from $1,880.3 million as of January 31, 2024 to $1,724.1 million as of January 31, 2025.
Annual Report on Form 10-K
- Revenue growth slowed to 9% compared to prior periods.
- Gross margin decreased from 85% to 83%.
Earnings Release
- The financial outlook for fiscal year 2026 reflects increasing global macro economic uncertainty, particularly in the U.S. public sector, resulting in lower revenue and ARR projections than previously anticipated.
Earnings Release
- The restructuring costs are now expected to be incurred by the end of the second quarter of fiscal year 2026, extending the original timeline.
Quarterly Report
- The company may be required to seek additional equity or debt financing in the future.
Quarterly Report
- The company's gross margin decreased to 82% for the quarter, down from 85% in the same quarter of the previous year.
- The company reported a net loss of $10.7 million for the quarter and $125.5 million year-to-date.
- Interest income decreased by 31% for the quarter due to lower cash balances and decreased interest rates.
Quarterly Report
- The company's third quarter results exceeded expectations, reflecting improved execution and customer response to their new vision.
Quarterly Report
- The company's gross margin decreased from 83% to 80% due to increased costs in subscription services.
- The operating loss increased from $77.6 million to $103.3 million year-over-year.
- License revenue decreased by 6% year-over-year.
Quarterly Report
- The company's ARR growth of 19% year-over-year exceeded expectations.
- The company's non-GAAP adjusted free cash flow of $49 million was better than anticipated.
- The company raised its full year profitability guidance.
Executive Change Announcement
- The unexpected resignation of the CEO is generally viewed negatively by the market.
Quarterly Report
- The company has lowered its full year revenue and operating margin guidance due to increased deal scrutiny and lengthening sales cycles.
Proxy Statement
- The company did not achieve 100% of its iARR target for fiscal year 2024, achieving 82% of the target.
Annual Results
- Despite revenue growth, the company reported a net loss for the year, indicating that profitability is still a challenge.
Quarterly Report
- The company achieved its first quarter of GAAP profitability as a public company, which is better than expected.
- The company's revenue and ARR growth exceeded expectations.
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