Malpani Raghavendra 4

What Happened
Malpani Raghavendra, UiPath’s Chief Product Officer & Chief Technology Officer, had shares withheld by the company to satisfy tax obligations arising from vesting/settlement. On 2026-07-01 the issuer withheld 2,095 shares at $10.87 ($22,773) and 25,837 shares at $10.87 ($280,848), for a total of 27,932 shares withheld and roughly $303,621 in value. These transactions are reported as tax-withholding dispositions (transaction code F), a routine administrative step rather than an open-market sale or new purchase.

Key Details

• Transaction dates: 2026-07-01 (both entries)
• Prices: $10.87 per share for both withholdings
• Share amounts and values: 2,095 shares = $22,773; 25,837 shares = $280,848; total 27,932 shares ≈ $303,621
• Shares owned after transaction: not disclosed in this Form 4 filing
• Footnotes: F1 = shares withheld to satisfy tax on vested PSUs; F2 = shares withheld to satisfy tax on vested RSUs
• Filing timeliness: Form 4 filed 2026-07-02 for 2026-07-01 transactions (appears timely)

Context
Withholding shares to cover taxes is common when performance stock units (PSUs) or restricted stock units (RSUs) vest; the company retains (disposes of) enough shares to pay the tax liability rather than the insider selling shares on the open market. This is an administrative disposition (code F) and does not necessarily indicate the insider’s view on the company’s stock.