Form 4: UiPath CFO Ashim Gupta Sells 16,000 Shares Under 10b5-1 Plan
SEC Form 4 Filing
UiPath's Chief Financial Officer, Ashim Gupta, executed a sale of 16,000 shares of Class A Common Stock on March 15, 2024, as part of a pre-arranged trading plan.
Summary
- On March 15, 2024, Ashim Gupta, the Chief Financial Officer of UiPath, Inc. sold 16,000 shares of Class A Common Stock.
- The sale was executed at a price of $22.8356 per share.
- The transaction was conducted under a qualified selling plan pursuant to Rule 10b5-1.
- Following the transaction, Gupta directly owns 788,148 shares and indirectly owns 87,505 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by company insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The market typically analyzes the frequency and size of these transactions to gauge sentiment.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, depending on their interpretation of insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of stock sale transaction |
| 03/19/2024 | Date of signature on the Form 4 filing |
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