Form 4: UiPath Director Michael Lawrence Gordon Reports Acquisition of Restricted Stock Units

Director Michael Lawrence Gordon reports the acquisition of 17,021 Restricted Stock Units (RSUs) in UiPath, Inc.

Summary

• On June 20, 2024, Michael Lawrence Gordon, a director of UiPath, Inc., acquired 17,021 Restricted Stock Units (RSUs) of Class A Common Stock.
• The RSUs were granted pursuant to the issuer's non-employee director compensation policy.
• Each RSU represents a contingent right to receive one share of UiPath's Class A Common Stock upon settlement.
• The RSUs vest on the earlier of the date of the following year's annual meeting or the first anniversary of the grant date, subject to continued service as a director.
• Following the transaction, Gordon beneficially owns 159,400 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive signal.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule incentivizes continued service as a director.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure related to director compensation and is typical for publicly traded companies. It reflects standard practices for aligning director interests with shareholder value through equity-based compensation.

Comparison to Industry Standards

• Equity compensation for board members is a common practice across the tech industry.
• Companies like Snowflake, Datadog, and CrowdStrike also utilize RSU grants as part of their director compensation packages.
• The vesting schedules and grant sizes are generally comparable to industry norms, aiming to incentivize long-term commitment and alignment with shareholder interests.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of the shareholders, incentivizing decisions that increase shareholder value.

Key Dates