Company: PATH
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001734722-25-000043
Chunk: 67

Company: UiPath, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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, Inc.Notes to Condensed Consolidated Financial Statements (Continued)(unaudited)

program may be effected through open market purchases, privately-negotiated transactions, or otherwise in accordance with applicable federal securities laws, including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Exchange Act. The timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and alternate uses of capital.We repurchased 30.2 million and 17.3 million shares of our Class A common stock at an average price of $10.87 and $12.67 per share (inclusive of brokerage commission) during the six months ended July 31, 2025 and 2024, respectively.For the six months ended July 31, 2025 and 2024, we accrued $2.4 million and $0.7 million, respectively, of related excise tax pursuant to the Inflation Reduction Act of 2022, which is included in the cost of treasury stock on our condensed consolidated balance sheets.Charitable Donations of Class A Common StockWe have reserved 2.8 million shares of our Class A common stock to fund our social impact and environmental, social, and governance initiatives. We contributed 0.3 million shares of our Class A common stock during each of the six-month periods ended July 31, 2025 and 2024 to a donor-advised fund in connection with our Pledge 1% commitment. The aggregate fair values of the shares on the respective contribution dates of $4.2 million and $6.6 million were recorded within general and administrative expense in the condensed consolidated statements of operations for the six months ended July 31, 2025 and 2024, respectively.Conversion of Class B Common Stock to Class A Common StockOn March 13, 2025, 5.0 million shares of Class B common stock beneficially owned by CEO Daniel Dines were converted into Class A common stock in connection with a previously disclosed Rule 10b5-1 trading plan. All remaining outstanding shares of Class B common stock continue to be beneficially owned by Mr. Dines.Accumulated Other Comprehensive IncomeFor the six months ended July 31, 2025 and 2024, changes in the components of accumulated other comprehensive income (loss) were as follows (in thousands):Foreign Currency Translation AdjustmentsUnrealized Loss on Marketable SecuritiesAccumulated