Dines Daniel 4

What Happened

• Dines Daniel, reported as a 10% owner of UiPath (PATH), recorded the transfer of 9,615,297 shares of Class A common stock on March 16, 2026. The Form 4 shows $0.00 per-share transactions (code J — other acquisition/disposition), reflecting an exempt transfer related to a divorce settlement rather than a market sale or purchase. Footnotes explain internal transfers among affiliated entities culminating in the exempt transfer; the shares are no longer beneficially owned by the Reporting Person for purposes of Section 16, even though he retains certain voting rights.

Key Details

• Transaction date: March 16, 2026; Form 4 filed March 19, 2026 (filed voluntarily to reflect the exempt transfer).
• Reported entries: three code J transactions for 9,615,297 shares each, all at $0.00 (reflecting internal/exempt transfers, not cash trades).
• Shares owned after transaction: the Form 4 does not state a remaining beneficial-ownership count; filing indicates the Reporting Person no longer has pecuniary interest in the 9,615,297 transferred shares.
• Notable footnotes: (1) transfers involved Ice Vulcan Holding Limited and IceVulcan Investments Ltd.; (2) transfer was pursuant to a divorce settlement and is being reported voluntarily.
• Filing timeliness: filed three days after the transfer; the Form states it was filed voluntarily to reflect the exempt transfer.

Context

• This was an exempt transfer tied to a divorce settlement, not a market sale or purchase — such transfers reflect personal/legal matters and do not necessarily indicate the insider’s view of the company’s prospects. As a reported 10% owner, these filings can reflect changes in ownership structure rather than trading activity by an executive.