Company: PATH
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001734722-25-000030
Chunk: 83

Company: UiPath, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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 three months ended April 30, 2025 was $8.9 million.Unrecognized compensation expense associated with unvested stock options granted and outstanding as of April 30, 2025 was approximately $85.9 million, which is expected to be recognized over a weighted-average remaining period of 2.0 years.Restricted Stock UnitsRSU activity during the three months ended April 30, 2025 was as follows:RSUs(in thousands)Weighted-Average Grant Date Fair Value Per ShareUnvested as of January 31, 202522,449 $17.81 Granted10,836 $10.19 Vested(3,127)$19.80 Forfeited(1,600)$18.49 Unvested as of April 30, 202528,558 $14.66 

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

The fair value of RSUs released during the three months ended April 30, 2025 was $32.2 million.As of April 30, 2025, total unrecognized compensation expense related to unvested RSUs was approximately $392.9 million, which is expected to be recognized over a weighted-average remaining period of 2.2 years.Performance Stock UnitsDuring the three months ended April 30, 2025, we granted 0.7 million PSUs subject to performance conditions related to the achievement of certain Company targets for fiscal year 2026, with a potential payout ranging from 0% to 150% of the base number of PSUs awarded (with some PSUs having a maximum payout of 150% and others having a maximum payout of 125%). To the extent that they are earned, these PSUs will vest over three years.As of April 30, 2025, total unrecognized compensation expense related to unvested PSUs expected to vest was approximately $4.0 million, which is expected to be recognized over a weighted-average remaining period of 2.9 years.Employee Stock Purchase Plan AwardsAs of April 30, 2025, total unrecognized compensation expense related to the ESPP was approximately $0.7 million, which is expected to be recognized over a weighted-average remaining period of 0.1 years.Stock-Based Compensation Associated with Business AcquisitionAt the closing of the acquisition of Re:infer LTD on July 29, 2022, we issued