Form 4: UiPath Executive Hitesh Ramani Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Hitesh Ramani, Chief Accounting Officer of UiPath, disposed of 21,289 shares of Class A Common Stock on July 1, 2024, to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On July 1, 2024, Hitesh Ramani, the Chief Accounting Officer of UiPath, disposed of 21,289 shares of Class A Common Stock.
- The transaction was executed to satisfy a tax obligation related to the vesting and settlement of restricted stock units (RSUs).
- The shares were disposed of at a price of $12.68 per share.
- Following the transaction, Ramani directly owns 321,034 shares of UiPath's Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. They are often related to compensation packages and tax planning. The disclosure of these transactions is mandated by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: Hitesh Ramani disposed of shares to cover tax obligations. |
| 07/02/2024 | Date of signature: Form 4 signed by Brad Brubaker, Attorney-in-Fact. |
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