Company: PATH
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001734722-25-000043
Chunk: 69

Company: UiPath, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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 our Class A common stock reserved for issuance will automatically increase on February 1 of each year for a period of ten years, which began on February 1, 2022 and continues through February 1, 2031, by the lesser of (1) 1% of the total number of shares of our common stock (both Class A and Class B) outstanding on the preceding January 31; and (2) 15.5 million shares, except that before the date of any such increase, our board of directors may determine that such increase will be less than the amount set forth by (1) and (2) above. The ESPP allows participants to purchase shares at the lesser of (a) 85% of the fair market value of our Class A common stock as of the commencement of the offering period, and (b) 85% of the fair market value of our Class A common stock on the corresponding purchase date.Stock OptionsStock option activity during the six months ended July 31, 2025 was as follows:Stock Options(in thousands)Weighted-Average Exercise PriceWeighted-Average Remaining Contractual Life (years)Aggregate Intrinsic Value(in thousands)Outstanding as of January 31, 20257,935 $0.60 7.5$108,138 Granted2,459 $0.10 Exercised(1,669)$0.31 Forfeited(229)$0.10 Outstanding as of July 31, 20258,496 $0.52 7.7$95,428 Vested and exercisable as of July 31, 20253,008 $1.28 5.7$31,498 The weighted-average grant date fair value of stock options granted during the six months ended July 31, 2025 was $10.02 per share. The intrinsic value of stock options exercised during the six months ended July 31, 2025 was $19.0 million.Unrecognized compensation expense associated with unvested stock options granted and outstanding as of July 31, 2025 was approximately $70.0 million, which is expected to be recognized over a weighted-average remaining period of 1.9 years.Restricted Stock UnitsRSU activity during the six months ended July 31, 2025 was as follows:RSUs(in thousands)Weighted-Average Grant Date Fair Value Per ShareUnvested as of January 31, 202