Form 4: UiPath Director Somasegar Sivaramakichenane Reports Acquisition of 47,694 Class A Common Stock Shares

Director Somasegar Sivaramakichenane reports acquiring 47,694 shares of UiPath's Class A Common Stock through a grant of Restricted Stock Units (RSUs).

Summary

• On September 5, 2024, Somasegar Sivaramakichenane, a director of UiPath, Inc. acquired 47,694 shares of Class A Common Stock.
• The acquisition was made through a grant of Restricted Stock Units (RSUs) at a price of $12.74 per share.
• These RSUs will vest in three equal installments on the first, second, and third anniversaries of the grant date, contingent upon the director's continued service.
• Following the transaction, Somasegar Sivaramakichenane beneficially owns 47,694 shares of Class A Common Stock, all held directly.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The transaction reflects standard director compensation practices and aligns director interests with the company's long-term success.

Positives

• The acquisition of shares by a director signals confidence in the company's future prospects.
• The vesting schedule incentivizes the director to remain with the company for the long term.

Future Outlook

The vesting of the RSUs is contingent upon the director's continued service, aligning their interests with the long-term performance of the company.

Industry Context

This transaction is a routine part of director compensation and aligns with standard practices for incentivizing board members in publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include equity grants to align director interests with shareholder value.
• RSUs are a common form of equity compensation, vesting over a period of years to encourage long-term commitment.
• The vesting schedule of one-third annually is a typical arrangement for RSU grants to directors.

Stakeholder Impact

• The transaction aligns the director's interests with those of shareholders, as the value of the RSUs is tied to the company's stock performance.

Key Dates