Form 4: UiPath Director Rich Wong Receives Equity Grant as Part of Compensation

UiPath, Inc. Director Rich Wong was granted 16,064 Restricted Stock Units (RSUs) as part of the company's non-employee director compensation policy, increasing his direct beneficial ownership.

Summary

• Rich Wong, a Director at UiPath, Inc. (PATH), acquired 16,064 shares of Class A Common Stock in the form of Restricted Stock Units (RSUs) on June 26, 2025.
• This grant was made at a price of $0.00 per share, consistent with 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.
• These RSUs are scheduled to vest on the earlier of the date of the following year's annual meeting (or the date immediately prior to the next annual meeting if service ends) or the first anniversary of the grant date, subject to continued service.
• Following this transaction, Rich Wong directly beneficially owns 70,488 shares of Class A Common Stock.
• Additionally, he indirectly beneficially owns 774,831 shares of Class A Common Stock through a trust, which includes 65,447 shares acquired on October 9, 2024, in a distribution for no consideration.

Sentiment

Score: 7

Explanation: The document reports a routine equity grant to a director, which is a positive event for the recipient and a standard practice for corporate governance, indicating stability in compensation policy. It does not contain any negative financial or operational news.

Positives

• The grant of 16,064 Restricted Stock Units (RSUs) to Director Rich Wong aligns his interests with shareholders by providing equity-based compensation.
• The RSU grant is part of a standard non-employee director compensation policy, indicating a structured approach to executive incentives.

Risks

• The vesting of the 16,064 Restricted Stock Units (RSUs) is subject to the director's continued service through the vesting date, posing a risk of forfeiture if service terminates prematurely.

Future Outlook

The vesting schedule for the 16,064 Restricted Stock Units indicates future share issuance upon satisfaction of service conditions, either at the next annual meeting or the first anniversary of the grant date.

Management Comments

• This grant was made pursuant to the issuer's non-employee director compensation policy.
• Each Annual Director RSU vests on the earlier of the date of the following year's annual meeting (or the date immediately prior to the next annual meeting, if the non-employee director's service as a director ends at such meeting due to the director's failure to be re-elected or the director not standing for re-election), or the first anniversary of the date of grant, in each case subject to the director's continued service through such vesting date.

Industry Context

This transaction is a routine equity grant to a non-employee director, common practice across publicly traded companies to align director incentives with long-term shareholder value. It reflects standard corporate governance practices for compensating board members in the technology sector, where equity forms a significant part of remuneration.

Comparison to Industry Standards

• The grant of Restricted Stock Units (RSUs) as part of non-employee director compensation is a widely adopted practice among U.S. public companies, particularly in the technology sector.
• Companies like Microsoft, Salesforce, and Adobe frequently utilize similar equity-based compensation structures for their board members to foster long-term alignment and retention.
• The $0.00 grant price is typical for RSU awards, representing a contingent right to receive shares upon vesting rather than a purchase.

Corporate Governance

Related Party Transactions

• The grant of 16,064 Restricted Stock Units (RSUs) to Rich Wong, a Director of UiPath, Inc., constitutes a related party transaction as it involves compensation from the company to a member of its board. This is a standard and disclosed transaction under the company's non-employee director compensation policy.

Stakeholder Impact

• Shareholders: The grant of RSUs may result in minor future dilution upon vesting, but it is intended to align the director's interests with long-term shareholder value.
• Director (Rich Wong): Directly benefits from the equity grant, increasing his stake in the company and providing a future financial incentive tied to company performance.

Next Steps

• Vesting of the 16,064 Restricted Stock Units (RSUs) will occur 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.

Key Dates

Keywords

UiPath, PATH, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Equity Grant, Director Compensation, Beneficial Ownership, Stock Grant