UiPath (PATH) CAO Hitesh Ramani Withholds 8,980 Shares for Taxes

What Happened

• Hitesh Ramani, Chief Accounting Officer of UiPath (PATH), had a total of 8,980 shares withheld by the company on July 1, 2026 to satisfy tax obligations arising from the vesting/settlement of equity awards. The withholding consisted of 1,323 shares (worth $14,381) and 7,657 shares (worth $83,232), each at a price of $10.87 per share. These disposals are administrative tax-withholding transactions rather than open-market sales.

Key Details

• Transaction date: 2026-07-01; filing date: 2026-07-02 (appears timely).
• Share details: 1,323 shares withheld @ $10.87 = $14,381; 7,657 shares withheld @ $10.87 = $83,232; total 8,980 shares, ~$97,613.
• Footnotes: F1 = shares withheld to satisfy tax on performance stock units (PSUs); F2 = shares withheld to satisfy tax on restricted stock units (RSUs).
• Shares owned after the transaction: not specified in the Form 4 provided.
• Transaction code F indicates tax withholding (not a market sale or purchase).

Context

• This was a tax-withholding disposition tied to the settlement of equity awards (PSUs and RSUs). Such withholdings are routine administrative actions and do not necessarily reflect the insider’s view on the company’s stock.