UiPath (PATH) CFO Hitesh Ramani Receives RSU & PSU Award

What Happened Hitesh Ramani, Chief Financial Officer of UiPath, was granted a total of 655,368 restricted stock units on September 3, 2026. The award consists of 130,368 time-based RSUs and 525,000 performance-based RSUs (PSUs). Each unit represents a contingent right to receive one share of UiPath Class A common stock upon settlement. The grants were reported at $0.00 per share (no cash paid at grant).

Key Details

• Transaction date: September 3, 2026; Transaction code: A (award/grant).
• Shares granted: 130,368 RSUs (F1) + 525,000 PSUs (F2) = 655,368 total.
• Reported acquisition price: $0.00 per share; reported total value: $0.
• Vesting (RSUs): 16.666% vests on October 1, 2026, then 8.333% vests in equal quarterly installments thereafter, subject to continued service (F1).
• Vesting (PSUs): 33% subject to a lower stock-price hurdle achievable during a three-year measurement period ending July 31, 2029; 67% subject to a higher stock-price hurdle achievable during a five-year measurement period ending July 31, 2031. PSUs also have a time-based service rule of 1/12th of each tranche vesting quarterly over three years, subject to the performance and continued service (F2, F3).
• Shares owned after transaction: not disclosed in this Form 4.
• Filing timeliness: Form 4 was filed on September 3, 2026 (same day as the reported grants).

Context These awards are compensation/retention grants, not open-market purchases or sales. PSUs are performance-contingent—if the specified stock-price hurdles are not met during the measurement windows, those PSUs may not vest. RSUs vest over time with continued service. Such awards are common for executives and do not by themselves indicate a buy/sell signal.