UiPath (PATH) CPO/CTO Raghavendra Malpani Receives Award

What Happened

• Raghavendra Malpani, UiPath's Chief Product Officer and Chief Technology Officer, received an award of 1,125,000 performance-based restricted stock units (PSUs) on 2026-09-03. The award was reported as an "A" (award/grant) on the Form 4; acquisition price listed as $0, so no cash was paid by the insider. These are contingent awards, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-03; filing date (Form 4 accession 0002127293-26-000006): 2026-09-03 (timely).
• Award size: 1,125,000 PSUs; acquisition price: $0 (no cash paid).
• Each PSU represents a contingent right to one share of UiPath Class A common stock upon settlement (footnote F1).
• Performance conditions (footnote F2): PSUs are subject to two stock-price hurdles measured by a 90-trading-day trailing average. 33% of PSUs may vest if the lower hurdle is met within a three-year measurement period ending July 31, 2029; 67% are tied to a higher hurdle achievable within a five-year measurement period ending July 31, 2031.
• Service vesting: in addition to performance, service-based vesting is satisfied as to 1/12th of each tranche on the first day of each calendar quarter over the three-year period following grant, subject to continuous service through each vesting date.
• Shares owned after the transaction: not specified in the provided filing extract.
• Filing status/timeliness: filing date matches transaction date — appears timely; no 10b5-1 plan or tax-withholding event disclosed in the provided notes.

Context

• These PSUs are compensation awards contingent on both stock-price performance and continued service; they do not represent an immediate sale or purchase of shares and carry no guaranteed cash value until/if performance and service conditions are met.
• For retail investors: awards signal company compensation strategy and potential future dilution if PSUs settle into shares, but they are not direct insider purchases that typically signal immediate personal bullishness.