Company: PATH
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001734722-25-000007
Chunk: 53

Company: UiPath, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 8
Chunk 53
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 36,878 — 31,427 — Outstanding stock options10,171 — 13,247 — 13,967 — Shares subject to repurchase from RSAs and early exercised stock options12 — 52 — 284 — Shares issuable under ESPP783 — 705 — 828 — Returnable shares issued in connection with business acquisition204 — 349 — 219 — Total41,409 — 51,231 — 46,725 — 

16Related Party TransactionsBeginning in the third quarter of fiscal year 2022, we have at times made use of an aircraft which is owned by Daniel Dines, our co-founder and CEO, through a special purpose LLC and which is operated by a third-party aircraft management company. Mr. Dines, through this special purpose LLC, obtained financing for the aircraft and bears all associated operating, personnel, and maintenance costs for the aircraft. We determined at the inception of this arrangement that the LLC is a VIE of which we are not the primary beneficiary; accordingly, we do not consolidate it in our consolidated financial statements. We did not incur any expense related to the use of the aircraft in fiscal year 2025 or 2024. In fiscal year 2023, we incurred expenses of $1.9 million in connection with our business use of the aircraft.

114

UiPath, Inc.Notes to Consolidated Financial Statements 

17Subsequent EventsOn March 7, 2025, we acquired all outstanding equity of Peak AI Limited ("Peak"), a U.K.-based software company, for approximately $65 million, consisting of a combination of up-front and contingent cash payments and stock-based compensation. Peak's AI platform provides pricing and inventory intelligence to customers in manufacturing and retail

115

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

None.

Item 9A. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our disclosure controls and procedures are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms. In addition, they are designed to ensure that such information is accumulated and communicated to our management, including our CEO and CFO, as appropriate to allow timely decisions regarding required disclosure.

Pursuant to in Rules 13(a)-13(e)