Form 4: UiPath Executive Hitesh Ramani Sells 25,000 Shares Under 10b5-1 Plan

UiPath's Chief Accounting Officer, Hitesh Ramani, sold 25,000 shares of Class A Common Stock at an average price of $11.9977, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Hitesh Ramani, Chief Accounting Officer of UiPath, sold 25,000 shares of Class A Common Stock on October 3, 2024.
• The sale was executed under a qualified selling plan pursuant to Rule 10b5-1.
• The price per share ranged from $11.90 to $12.22, with an average price of $11.9977.
• Following the transaction, Ramani directly owns 331,572 shares of UiPath.
• The reporting person will provide full information regarding the number of shares purchased or sold at each separate price, upon request by the Commission staff, the issuer or a security holder of the issuer.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale under a pre-arranged plan, suggesting a neutral sentiment.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This is a routine disclosure of an insider stock sale. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information. The market will likely interpret this as a neutral event unless the size of the sale is unusually large or frequent.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates