Company: PATH
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001734722-25-000043
Chunk: 119

Company: UiPath, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 8
Chunk 119
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 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, 202522,449 $17.81 Granted14,215 $10.78 Vested(7,038)$17.76 Forfeited(3,276)$16.74 Unvested as of July 31, 202526,350 $14.16 The intrinsic value of RSUs released during the six months ended July 31, 2025 was $82.3 million.

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Table of ContentsUiPath, Inc.Notes to Condensed Consolidated Financial Statements (Continued)(unaudited)

As of July 31, 2025, total unrecognized compensation expense related to unvested RSUs was approximately $349.7 million, which is expected to be recognized over a weighted-average remaining period of 2.2 years.Performance Stock UnitsDuring the six