Dines Daniel 4

What Happened
Dines Daniel, a 10% owner of UiPath (PATH), sold a total of 135,000 shares in three open-market transactions between Jan 22 and Jan 26, 2026. The sales were 45,000 shares on Jan 22 at $15.02 ($676,044), 45,000 shares on Jan 23 at $15.23 ($685,562), and 45,000 shares on Jan 26 at $15.01 ($675,621), for aggregate proceeds of approximately $2,037,227. These were sales (not purchases or option exercises).

Key Details

• Transaction dates and prices:
  • 2026-01-22: 45,000 shares sold @ $15.02 = $676,044
  • 2026-01-23: 45,000 shares sold @ $15.23 = $685,562
  • 2026-01-26: 45,000 shares sold @ $15.01 = $675,621
• Total shares sold: 135,000; total proceeds ≈ $2.04M.
• Ownership/after-sale holdings: the filing identifies Mr. Dines as a 10% owner and states the shares are held by Ice Vulcan Holding Limited (see footnote); the filing excerpt provided does not specify his post-transaction share count.
• Notable footnotes:
  • Sales were made in compliance with a Rule 10b5-1 qualified selling plan (F1).
  • Report includes price ranges for the trades and offers to provide per-price breakdowns to regulators (F2–F4).
  • Ownership structure: shares held by Ice Vulcan Holding Limited; IceVulcan Investments Ltd. is the sole shareholder of that entity and Mr. Dines is the sole shareholder of IceVulcan Investments Ltd., retaining sole voting and investment power (F5).
• Filing date: Form 4 filed Jan 26, 2026; transactions occurred Jan 22–26, 2026.

Context
As a 10% owner, these transactions reflect insider selling by a principal shareholder rather than routine employee/exec trading; sales done under a 10b5-1 plan are often pre-arranged and do not necessarily signal a change in view on the company. This summary is factual and does not speculate on motives.