Company: PATH
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001734722-25-000030
Chunk: 42

Company: UiPath, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 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 Granted2,371 $0.10 Exercised(851)$0.36 Forfeited(99)$0.10 Outstanding as of April 30, 20259,356 $0.50 7.9$107,089 Vested and exercisable as of April 30, 20253,172 $1.26 6.0$33,868 The weighted-average grant date fair value of stock options granted during the three months ended April 30, 2025 was $9.93 per share. The intrinsic value of stock options exercised during the 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