Ramani Hitesh 4

What Happened

• Hitesh Ramani, Chief Accounting Officer of UiPath (PATH), was granted 123,466 restricted stock units (RSUs) on April 1, 2026 (reported the same day). To satisfy tax obligations arising from vesting/settlement, a total of 23,263 shares were withheld/disposed: 5,289 shares at $11.10 each (proceeds $58,708) and 17,974 shares at $11.10 each (proceeds $199,511), totaling $258,219. The RSU grant itself is an award (acquisition) rather than an open-market purchase.

Key Details

• Transaction date: 2026-04-01 (report filed same day).
• Withheld/disposed shares: 5,289 @ $11.10 = $58,708 and 17,974 @ $11.10 = $199,511 (total ~$258,219).
• Award/acquisition: 123,466 RSUs (no cash paid).
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes: withheld shares were used to satisfy tax obligations on vested PSUs/RSUs (tax withholding). RSU vesting schedule: 16 2/3% after 6 months, then 8 1/3% in equal quarterly installments over three years, subject to continued service.
• Filing timeliness: reported on the same day (no late filing indicated).

Context

• RSUs are a compensation award that convert into shares upon settlement; the grant here increases potential future ownership but vests over time. The withheld/disposed shares reflect routine tax withholding (cashless settlement), not an open-market sale decision about the company. This filing documents the grant and the associated tax-withholding mechanics rather than a directional investment move by the executive.