UiPath, Inc. — Director's Dealing 2021

Jun 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UiPath, Inc. (PATH)
CIK: 0001734722
Period of Report: 2021-05-27

Reporting Person: Eschenbach Carl M. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-27	Class A Common Stock	J	1787331	—	Disposed	4173458	Indirect
2021-05-27	Class A Common Stock	J	1618884	—	Disposed	4400687	Indirect
2021-05-27	Class A Common Stock	J	331764	—	Acquired	331764	Indirect
2021-05-27	Class A Common Stock	J	3012026	—	Acquired	3012026	Indirect
2021-05-27	Class A Common Stock	J	62425	—	Acquired	62425	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	58782	Indirect
Class A Common Stock	16057	Direct

Footnotes

F1: Represents a distribution of Class A Common Stock of the Issuer to partners or members in connection with an internal restructuring. The distributed shares remain subject to a lock-up agreement with the underwriters of the issuer's initial public offering.

F2: The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is (i) the general partner of SC U.S. Growth VII Management, L.P., which is the general partner of each of Sequoia Capital U.S. Growth Fund VII, L.P. and Sequoia Capital U.S. Growth VII Principals Fund, L.P.; and (ii) the general partner of SC U.S. Growth VIII Management, L.P., which is the general partner of Sequoia Capital U.S. Growth Fund VIII, L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

F3: The Reporting Person is a member of Sequoia Grove II, LLC and a limited partner of Sequoia Grove UK, L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

F4: Includes 16,057 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 1/16th of the RSUs vest for each quarter of continuous service by the Reporting Person to the Issuer following March 16, 2021 and subject to continuous service through each such vesting date.