Company: PATH
Filing Date: 2025-05-13
Form Type: DEF 14A
Source: 0001734722-25-000021
Chunk: 36

Company: UiPath, Inc.
Filing Date: 2025-05-13
Form: DEF 14A
Chunk 36
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iced value due to contract non-renewals or service cancellations other than for certain reserves (for example those for credit losses or disputed amounts). ARR does not include invoiced amounts associated with perpetual licenses or professional services. ARR is not a forecast of future revenue, which is impacted by contract start and end dates and duration. ARR should be viewed independently of revenue and deferred revenue as ARR is an operating metric and is not intended to replace these items.

(3) We calculate non-GAAP operating income by excluding the following items that are included in GAAP operating loss: stock-based compensation expense; amortization of acquired intangibles; employer payroll tax expense related to employee equity transactions; restructuring costs; and charitable donations of Class A common stock.

(4) The performance target (100% attainment) for each company performance goal is 100% of our fiscal year 2025 operating plan.

The compensation committee approved the weighting of the performance metrics (60% iARR and 40% non-GAAP operating income) and also approved the use of performance gates for funding the bonus, contingent on specified levels of iARR achievement, to ensure focus on growth as well as cost management. For fiscal year 2025, to fund above 80%, at least 70% of the iARR target had to be achieved; to fund above 90%, at least 85% of the iARR target had to be achieved; and to fund above 100%, at least 100% of the iARR target had to be achieved.

In March 2024, the compensation committee approved the below achievement against the performance targets:

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|                                  |     | Performance Metrics |     |                           |
|                                  |     | iARR                |     | Non-GAAP Operating Income |
| Weighting of performance metrics |     | 60%                 |     | 40%                       |
| Achievement                      |     | $211 million (1)    |     | $241 million              |
| Percent of target achieved       |     | 65%                 |     | 75%                       |
| Funding                          |     | 56%                 |     | 58%                       |
| Weighted funding                 |     | 57%                 |     |                           |

(1) For the purposes of determining executive bonus plan achievement, iARR is adjusted to reflect constant currency.

#### Fiscal Year 2025 Bonus Payout
In March 2025, th e compensation committee approved payments for the fiscal year 202