[8-K] UiPath, Inc. Reports Material Event
UiPath disclosed that IceVulcan Investments Ltd., an entity controlled by CEO and Chairman Daniel Dines, adopted a Rule 10b5-1 trading plan on July 11, 2025 to sell up to 5,000,000 shares of Class A common stock through April 17, 2026 subject to limit prices. As part of that arrangement, 3,146,745 Class B shares held by Ice Vulcan Holding Limited will be converted into Class A shares and, together with 1,853,255 existing Class A shares, transferred to IceVulcan Investments Ltd. The company states these shares represent less than 5% of Mr. Dines's holdings and that he will remain a significant controlling stockholder. The filing notes the trading plan was adopted for tax, diversification, and liquidity purposes.
UiPath ha comunicato che IceVulcan Investments Ltd., entit脿 controllata dal CEO e presidente Daniel Dines, ha adottato un piano di negoziazione ai sensi della Rule 10b5-1 l'11 luglio 2025 per vendere fino a 5,000,000 azioni di classe A fino al 17 aprile 2026, soggette a prezzi limite. Nell'ambito di tale accordo, 3,146,745 azioni di classe B detenute da Ice Vulcan Holding Limited saranno convertite in azioni di classe A e, insieme a 1,853,255 azioni di classe A esistenti, trasferite a IceVulcan Investments Ltd. La societ脿 dichiara che queste azioni rappresentano meno del 5% delle partecipazioni del sig. Dines e che egli rimarr脿 un azionista di controllo significativo. Il deposito indica che il piano di negoziazione 猫 stato adottato per ragioni fiscali, di diversificazione e di liquidit脿.
UiPath inform贸 que IceVulcan Investments Ltd., entidad controlada por el CEO y presidente Daniel Dines, adopt贸 un plan de negociaci贸n conforme a la Rule 10b5-1 el 11 de julio de 2025 para vender hasta 5,000,000 acciones de clase A hasta el 17 de abril de 2026, sujeto a precios l铆mite. Como parte de ese acuerdo, 3,146,745 acciones de clase B en poder de Ice Vulcan Holding Limited se convertir谩n en acciones de clase A y, junto con 1,853,255 acciones de clase A existentes, ser谩n transferidas a IceVulcan Investments Ltd. La empresa afirma que estas acciones representan menos del 5% de las participaciones del Sr. Dines y que 茅l seguir谩 siendo un accionista controlador significativo. El informe se帽ala que el plan de negociaci贸n se adopt贸 por motivos fiscales, de diversificaci贸n y de liquidez.
UiPath電� CEO 瓴� 鞚挫偓須� 鞚橃灔 Daniel Dines臧� 歆�氚绊晿電� 氩曥澑 IceVulcan Investments Ltd.臧� 2025雲� 7鞗� 11鞚检棎 Rule 10b5-1 瓯半灅瓿勴殟鞚� 毂勴儩頃橃棳 2026雲� 4鞗� 17鞚缄箤歆� 臧�瓴� 頃滊弰毳� 臁瓣贝鞙茧 5,000,000欤缄箤歆� 韥措灅鞀� A 氤错喌欤茧ゼ 毵る弰頃� 鞓堨爼鞚措澕瓿� 瓿奠嫓頄堨姷雼堧嫟. 攴� 頃╈潣鞚� 鞚柬櫂鞙茧 Ice Vulcan Holding Limited臧� 氤挫湢頃� 3,146,745欤� 韥措灅鞀� B電� 韥措灅鞀� A搿� 鞝勴櫂霅橁碃, 旮办〈 1,853,255欤� 韥措灅鞀� A鞕� 頃粯 IceVulcan Investments Ltd.搿� 鞚挫爠霅╇媹雼�. 須岇偓電� 鞚� 欤检嫕霌れ澊 Dines 鞌� 氤挫湢歆�攵勳潣 5% 氙鸽鞚� 彀頃橂┌ 攴戈皜 瓿勳啀頃挫劀 欤检殧 歆�氚办＜欤茧 雮潉 瓴冹澊霛缄碃 氚濏様鞀惦媹雼�. 鞝滌稖靹滊電� 瓯半灅瓿勴殟鞚� 靹戈笀, 攵勳偘韴瀽 氚� 鞙犽彊靹� 氇╈爜鞐愳劀 毂勴儩霅橃棃雼り碃 鞝侅嫓頃橁碃 鞛堨姷雼堧嫟.
UiPath a d茅clar茅 qu'IceVulcan Investments Ltd., entit茅 contr么l茅e par le PDG et pr茅sident Daniel Dines, a adopt茅 un plan de n茅gociation Rule 10b5-1 le 11 juillet 2025 pour vendre jusqu'脿 5,000,000 actions de cat茅gorie A jusqu'au 17 avril 2026, sous r茅serve de prix limites. Dans le cadre de cet arrangement, 3,146,745 actions de cat茅gorie B d茅tenues par Ice Vulcan Holding Limited seront converties en actions de cat茅gorie A et, avec 1,853,255 actions de cat茅gorie A existantes, transf茅r茅es 脿 IceVulcan Investments Ltd. La soci茅t茅 indique que ces actions repr茅sentent moins de 5% des avoirs de M. Dines et qu'il restera un actionnaire majoritaire significatif. Le dossier pr茅cise que le plan de n茅gociation a 茅t茅 adopt茅 pour des raisons fiscales, de diversification et de liquidit茅.
UiPath gab bekannt, dass IceVulcan Investments Ltd., eine von CEO und Vorsitzendem Daniel Dines kontrollierte Einheit, am 11. Juli 2025 einen Rule-10b5-1-Handelsplan angenommen hat, um bis zum 17. April 2026 bis zu 5,000,000 Aktien der Klasse A zu verkaufen, vorbehaltlich Limitpreisen. Im Rahmen dieser Vereinbarung werden 3,146,745 Klasse-B-Aktien, die von Ice Vulcan Holding Limited gehalten werden, in Klasse-A-Aktien umgewandelt und zusammen mit 1,853,255 bestehenden Klasse-A-Aktien an IceVulcan Investments Ltd. 眉bertragen. Das Unternehmen erkl盲rt, dass diese Aktien weniger als 5% von Herrn Dines鈥� Beteiligungen ausmachen und dass er weiterhin ein bedeutender kontrollierender Aktion盲r bleiben wird. Die Einreichung weist darauf hin, dass der Handelsplan aus steuerlichen, Diversifikations- und Liquidit盲tsgr眉nden eingef眉hrt wurde.
- Adoption of a Rule 10b5-1 plan provides a pre-established, transparent mechanism for insider sales
- CEO remains a significant controlling stockholder as the filing states the planed sales represent less than 5% of his holdings
- Rationale disclosed: the filing cites tax, asset diversification, and liquidity as reasons for the plan
- Up to 5,000,000 Class A shares are authorized for sale under the plan through April 17, 2026
- Conversion and transfer of 3,146,745 Class B shares plus 1,853,255 Class A shares to the investment vehicle were executed to facilitate the plan
Insights
TL;DR: CEO adopted a 10b5-1 plan to enable structured sales while retaining control and signaling planned liquidity.
The filing describes a pre-established trading plan under Rule 10b5-1 allowing IceVulcan Investments Ltd. to sell up to 5,000,000 Class A shares through April 17, 2026, and documents an internal conversion and transfer of shares to effectuate the plan. This is a routine disclosure that increases insider transparency and provides legal protection for scheduled sales. The filing explicitly states the plan was motivated by tax, diversification, and liquidity, and that the transactions represent less than 5% of the CEO's holdings, preserving his status as a controlling stockholder.
TL;DR: The company reported a compliant 10b5-1 trading arrangement and related share conversion and transfer.
The document focuses on compliance and disclosure: adoption date of the plan (July 11, 2025), permitted sale amount (up to 5,000,000 Class A shares), applicable end date (April 17, 2026), and the mechanics involving conversion of 3,146,745 Class B shares plus transfer of 1,853,255 Class A shares to the investment vehicle. The filing explicitly clarifies that these items are not "filed" for Section 18 purposes and includes the required exhibit references. From a compliance standpoint, the disclosure contains the key facts investors and regulators require for a scheduled insider sale program.
UiPath ha comunicato che IceVulcan Investments Ltd., entit脿 controllata dal CEO e presidente Daniel Dines, ha adottato un piano di negoziazione ai sensi della Rule 10b5-1 l'11 luglio 2025 per vendere fino a 5,000,000 azioni di classe A fino al 17 aprile 2026, soggette a prezzi limite. Nell'ambito di tale accordo, 3,146,745 azioni di classe B detenute da Ice Vulcan Holding Limited saranno convertite in azioni di classe A e, insieme a 1,853,255 azioni di classe A esistenti, trasferite a IceVulcan Investments Ltd. La societ脿 dichiara che queste azioni rappresentano meno del 5% delle partecipazioni del sig. Dines e che egli rimarr脿 un azionista di controllo significativo. Il deposito indica che il piano di negoziazione 猫 stato adottato per ragioni fiscali, di diversificazione e di liquidit脿.
UiPath inform贸 que IceVulcan Investments Ltd., entidad controlada por el CEO y presidente Daniel Dines, adopt贸 un plan de negociaci贸n conforme a la Rule 10b5-1 el 11 de julio de 2025 para vender hasta 5,000,000 acciones de clase A hasta el 17 de abril de 2026, sujeto a precios l铆mite. Como parte de ese acuerdo, 3,146,745 acciones de clase B en poder de Ice Vulcan Holding Limited se convertir谩n en acciones de clase A y, junto con 1,853,255 acciones de clase A existentes, ser谩n transferidas a IceVulcan Investments Ltd. La empresa afirma que estas acciones representan menos del 5% de las participaciones del Sr. Dines y que 茅l seguir谩 siendo un accionista controlador significativo. El informe se帽ala que el plan de negociaci贸n se adopt贸 por motivos fiscales, de diversificaci贸n y de liquidez.
UiPath電� CEO 瓴� 鞚挫偓須� 鞚橃灔 Daniel Dines臧� 歆�氚绊晿電� 氩曥澑 IceVulcan Investments Ltd.臧� 2025雲� 7鞗� 11鞚检棎 Rule 10b5-1 瓯半灅瓿勴殟鞚� 毂勴儩頃橃棳 2026雲� 4鞗� 17鞚缄箤歆� 臧�瓴� 頃滊弰毳� 臁瓣贝鞙茧 5,000,000欤缄箤歆� 韥措灅鞀� A 氤错喌欤茧ゼ 毵る弰頃� 鞓堨爼鞚措澕瓿� 瓿奠嫓頄堨姷雼堧嫟. 攴� 頃╈潣鞚� 鞚柬櫂鞙茧 Ice Vulcan Holding Limited臧� 氤挫湢頃� 3,146,745欤� 韥措灅鞀� B電� 韥措灅鞀� A搿� 鞝勴櫂霅橁碃, 旮办〈 1,853,255欤� 韥措灅鞀� A鞕� 頃粯 IceVulcan Investments Ltd.搿� 鞚挫爠霅╇媹雼�. 須岇偓電� 鞚� 欤检嫕霌れ澊 Dines 鞌� 氤挫湢歆�攵勳潣 5% 氙鸽鞚� 彀頃橂┌ 攴戈皜 瓿勳啀頃挫劀 欤检殧 歆�氚办＜欤茧 雮潉 瓴冹澊霛缄碃 氚濏様鞀惦媹雼�. 鞝滌稖靹滊電� 瓯半灅瓿勴殟鞚� 靹戈笀, 攵勳偘韴瀽 氚� 鞙犽彊靹� 氇╈爜鞐愳劀 毂勴儩霅橃棃雼り碃 鞝侅嫓頃橁碃 鞛堨姷雼堧嫟.
UiPath a d茅clar茅 qu'IceVulcan Investments Ltd., entit茅 contr么l茅e par le PDG et pr茅sident Daniel Dines, a adopt茅 un plan de n茅gociation Rule 10b5-1 le 11 juillet 2025 pour vendre jusqu'脿 5,000,000 actions de cat茅gorie A jusqu'au 17 avril 2026, sous r茅serve de prix limites. Dans le cadre de cet arrangement, 3,146,745 actions de cat茅gorie B d茅tenues par Ice Vulcan Holding Limited seront converties en actions de cat茅gorie A et, avec 1,853,255 actions de cat茅gorie A existantes, transf茅r茅es 脿 IceVulcan Investments Ltd. La soci茅t茅 indique que ces actions repr茅sentent moins de 5% des avoirs de M. Dines et qu'il restera un actionnaire majoritaire significatif. Le dossier pr茅cise que le plan de n茅gociation a 茅t茅 adopt茅 pour des raisons fiscales, de diversification et de liquidit茅.
UiPath gab bekannt, dass IceVulcan Investments Ltd., eine von CEO und Vorsitzendem Daniel Dines kontrollierte Einheit, am 11. Juli 2025 einen Rule-10b5-1-Handelsplan angenommen hat, um bis zum 17. April 2026 bis zu 5,000,000 Aktien der Klasse A zu verkaufen, vorbehaltlich Limitpreisen. Im Rahmen dieser Vereinbarung werden 3,146,745 Klasse-B-Aktien, die von Ice Vulcan Holding Limited gehalten werden, in Klasse-A-Aktien umgewandelt und zusammen mit 1,853,255 bestehenden Klasse-A-Aktien an IceVulcan Investments Ltd. 眉bertragen. Das Unternehmen erkl盲rt, dass diese Aktien weniger als 5% von Herrn Dines鈥� Beteiligungen ausmachen und dass er weiterhin ein bedeutender kontrollierender Aktion盲r bleiben wird. Die Einreichung weist darauf hin, dass der Handelsplan aus steuerlichen, Diversifikations- und Liquidit盲tsgr眉nden eingef眉hrt wurde.
FAQ
What did UiPath (PATH) disclose in this 8-K about Daniel Dines's share sales?
How many shares were converted or transferred to facilitate the trading plan?
Why did Mr. Dines adopt the trading plan according to the filing?
Will Mr. Dines remain a controlling stockholder after these actions?
When was the trading plan adopted?
