UiPath, Inc. — Director's Dealing 2021

Apr 21, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: UiPath, Inc. (PATH)
CIK: 0001734722
Period of Report: 2021-04-20

Reporting Person: Gupta Ashim (Chief Financial Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	638716	Direct
Class A Common Stock	383909	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$0.7533	2028-06-29	Class A Common Stock (311375)		Direct

Footnotes

F1: Includes 554,000 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. Of the RSUs (i) 375,000 RSUs vest at a rate of 25% of the shares on April 1, 2021, with the remaining shares vesting in equal quarterly installments over the next three years, (ii) 125,000 RSUs vest at a rate of 25% of the shares on February 1, 2022, with the remaining shares vesting in equal quarterly installments over the next three years and (iii) 54,000 RSUs will fully vest on October 1, 2021, in each case subject to continuous service through each such vesting dates, and in each case subject to a performance based vesting condition satisfied upon the closing of the Issuer's initial public offering.

F2: Shares are held by the Three Babies 2021 Trust, of which the Reporting Person is the trustee.

F3: The shares underlying this stock option vest in 36 equal monthly installments beginning on February 6, 2019, subject to continuous service through each such vesting date.