Ramani Hitesh 4

What Happened

• Hitesh Ramani, Chief Accounting Officer of UiPath, had a total of 8,980 shares disposed on July 1, 2026 as shares withheld to satisfy tax obligations arising from the vesting/settlement of equity awards. The transactions were reported as "F" (tax withholding) on Form 4.
• Details: 1,323 shares withheld at $10.87 each for $14,381, and 7,657 shares withheld at $10.87 each for $83,232 — combined value ≈ $97,613. These were issuer-withheld shares, not open-market sales.

Key Details

• Transaction date: 2026-07-01; Filing date: 2026-07-02 (timely).
• Price per share: $10.87 for both withholding events.
• Total shares withheld/disposed: 8,980; total value ≈ $97,613.
• Footnotes: F1 = shares withheld to satisfy taxes on performance stock units (PSUs); F2 = shares withheld to satisfy taxes on restricted stock units (RSUs).
• Shares owned after the transaction: not provided in the supplied filing excerpt.
• Filing timeliness: reported promptly (no late filing flag).

Context

• These were tax-withholding actions (often called "sell-to-cover" or issuer withholding) tied to vesting and settlement of PSUs and RSUs. This is a routine administrative disposition to meet tax withholding requirements and is not the same as an open-market sale that signals a deliberate liquidity or investment decision.
• For retail investors, tax withholding events generally convey less informational value about an insider's view of the company than outright purchases or voluntary market sales.