Form 4: UiPath CFO Ashim Gupta Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
UiPath's Chief Financial Officer, Ashim Gupta, executed sales of Class A Common Stock on May 6, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On May 6, 2024, Ashim Gupta, the Chief Financial Officer of UiPath, sold 40,000 shares of Class A Common Stock at a price of $19.7876.
- The sales were executed under a qualified selling plan adopted pursuant to Rule 10b5-1.
- Gupta also sold 16,000 shares held indirectly by trust.
- Following the transactions, Gupta directly owns 946,848 shares and indirectly owns 55,505 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by company executives are a common occurrence, often planned in advance to avoid any implications of insider trading. The disclosure provides transparency into the transactions.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Date of transaction: Ashim Gupta sold shares of Class A Common Stock. |
| 05/08/2024 | Date of signature by Attorney-in-Fact. |
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