Malpani Raghavendra 4

What Happened

• Raghavendra Malpani, UiPath's Chief Product & Technology Officer, was granted 159,125 restricted stock units (RSUs) on 2026-04-01 (reported as an acquisition at $0.00). To satisfy tax obligations upon settlement/vesting, the issuer withheld and disposed of 8,378 shares ($92,996) and 25,836 shares ($286,780) on the same date — a total of 34,214 shares withheld for taxes (~$379,776 at $11.10/share). The withholding transactions are routine tax-withholding actions, not open-market sales.

Key Details

• Transaction date: 2026-04-01; filing date: 2026-04-07.
• Award: 159,125 RSUs reported at $0.00 acquisition price (footnote indicates RSUs convert 1:1 to Class A common stock upon settlement).
• Withheld/disposed: 8,378 shares @ $11.10 = $92,996; 25,836 shares @ $11.10 = $286,780; total withheld = 34,214 shares (~$379,776).
• Vesting: RSUs vest over three years — 16 2/3% after 6 months, then 8 1/3% in equal quarterly installments thereafter (per footnote).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1/F2 denote shares withheld by the issuer to satisfy tax obligations on PSUs/RSUs; F3 explains the RSU terms above.
• Timeliness: Filing appears on 2026-04-07 for 2026-04-01 transactions — later than the standard 2-business-day Form 4 window (this reduces near-term transparency).

Context

• These transactions are primarily an equity award plus automatic withholding for taxes. The withheld/disposed shares are not open-market sales that reflect a decision to monetize holdings — they are routine tax-withholding actions tied to the RSU settlement/vesting. RSU grants indicate future equity compensation and should be viewed differently from outright purchases or discretionary sales.