Company: PATH
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001734722-25-000030
Chunk: 40

Company: UiPath, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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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 three-month periods ended April 30, 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 $6.6 million were recorded within general and administrative expense in the condensed consolidated statements of operations for the three months ended April 30, 2025 and 2024, respectively.Conversion of Class B Common Stock to Class A Common StockOn March 13, 2025, 5.0 million shares of Class B common stock beneficially owned by CEO Daniel Dines were converted into Class A common stock in connection with a previously disclosed Rule 10b5-1 trading plan. All remaining outstanding shares of Class B common stock continue to be beneficially owned by Mr. Dines.Accumulated Other Comprehensive IncomeFor the three months ended April 30, 2025 and 2024, changes in the components of accumulated other comprehensive income (loss) were as follows (in thousands):Foreign Currency Translation AdjustmentsUnrealized Gain (Loss) on Marketable SecuritiesAccumulated Other Comprehensive IncomeBalance as of January 31, 2025$(4,518)$(372)$(4,890)Other comprehensive income, net of tax33,857 556 34,413 Balance as of April 30, 2025$29,339 $184 $29,523 Foreign Currency Translation AdjustmentsUnrealized Loss on Marketable SecuritiesAccumulated Other Comprehensive IncomeBalance as of January 31, 2024$8,925 $(100)$8,825 Other comprehensive loss, net of tax(3,574)(511)(4,085)Balance as of April 30, 2024$5,351 $(611)$4,740 

12. Equity Incentive Plans and Stock-Based Compensation

2021 Stock PlanIn April 2021, prior to and in connection with our initial public offering ("IPO"), we adopted our 2021 Equity Incentive Plan (the "2021 Plan"), which provides for