UiPath, Inc. — Director's Dealing 2021

Apr 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UiPath, Inc. (PATH)
CIK: 0001734722
Period of Report: 2021-04-23

Reporting Person: Eschenbach Carl M. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-23	Class A Common Stock	C	3235377	—	Acquired	3235377	Indirect
2021-04-23	Class A Common Stock	C	2584167	—	Acquired	5819544	Indirect
2021-04-23	Class A Common Stock	C	97911	—	Acquired	5917455	Indirect
2021-04-23	Class A Common Stock	C	16443	—	Acquired	5933898	Indirect
2021-04-23	Class A Common Stock	C	26891	—	Acquired	5960789	Indirect
2021-04-23	Class A Common Stock	C	3268056	—	Acquired	3268056	Indirect
2021-04-23	Class A Common Stock	C	2610270	—	Acquired	5878326	Indirect
2021-04-23	Class A Common Stock	C	97914	—	Acquired	5976240	Indirect
2021-04-23	Class A Common Stock	C	16440	—	Acquired	5992680	Indirect
2021-04-23	Class A Common Stock	C	26891	—	Acquired	6019571	Indirect
2021-04-23	Class A Common Stock	C	32679	—	Acquired	32679	Indirect
2021-04-23	Class A Common Stock	C	26103	—	Acquired	58782	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-23	Series C-1 Preferred Stock	$	C	3235377	Disposed		Class A Common Stock (3235377)	Indirect
2021-04-23	Series C-1 Preferred Stock	$	C	3268056	Disposed		Class A Common Stock (3268056)	Indirect
2021-04-23	Series C-1 Preferred Stock	$	C	32679	Disposed		A Common Stock (32679)	Indirect
2021-04-23	Series C-2 Preferred Stock	$	C	2584167	Disposed		A Common Stock (2584167)	Indirect
2021-04-23	Series C-2 Preferred Stock	$	C	2610270	Disposed		A Common Stock (2610270)	Indirect
2021-04-23	Series C-2 Preferred Stock	$	C	26103	Disposed		A Common Stock (26103)	Indirect
2021-04-23	Series D-1 Preferred Stock	$	C	97911	Disposed		A Common Stock (97911)	Indirect
2021-04-23	Series D-1 Preferred Stock	$	C	97914	Disposed		A Common Stock (97914)	Indirect
2021-04-23	Series D-2 Preferred Stock	$	C	16443	Disposed		A Common Stock (16443)	Indirect
2021-04-23	Series D-2 Preferred Stock	$	C	16440	Disposed		A Common Stock (16440)	Indirect
2021-04-23	Series E Preferred Stock	$	C	26891	Disposed		A Common Stock (26891)	Indirect
2021-04-23	Series E Preferred Stock	$	C	26891	Disposed		A Common Stock (26891)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	16057	Direct

Footnotes

F1: Each share of Series C-1 Preferred Stock, Series C-2 Preferred Stock, Series D-1 Preferred Stock, Series D-2 Preferred Stock, Series E
Preferred Stock and Series F Preferred Stock automatically converted into one share of Class A Common Stock, without payment of additional consideration, immediately prior to the closing 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: 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. Following the closing of the initial public offering, 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.