Form 4: UiPath GC & Chief Legal Officer Brad Brubaker Reports Stock Transactions

Brad Brubaker, GC & Chief Legal Officer of UiPath, reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units.

Summary

• On October 1, 2024, Brad Brubaker disposed of 22,404 shares of Class A Common Stock to cover tax obligations at a price of $12.8 per share.
• Following this transaction, Brubaker directly owns 663,431 shares of Class A Common Stock.
• On October 2, 2024, Brubaker acquired 102,291 Restricted Stock Units (RSUs).
• Each RSU represents a contingent right to receive one share of UiPath's Class A Common Stock upon settlement.
• The RSUs vest over 3 years with 36% vesting in 6 months, 10.75% over the next four quarters, and then 3.5% quarterly thereafter until the 3-year completion, subject to continuous service.
• Following the acquisition of RSUs, Brubaker beneficially owns 765,722 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of company executives and their alignment with shareholder interests.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company insiders as it can provide insights into management's perspective on the company's value and future prospects.

Key Dates