As filed with the U.S. Securities and Exchange Commission on March 24, 2023
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
UiPath, Inc.
(Exact name of Registrant as specified in its charter)
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| Delaware | | 47-4333187 |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) |
One Vanderbilt Avenue, 60th Floor
New York, New York 10017
(844) 432-0455
(Address of principal executive offices) (Zip code)
UiPath, Inc. 2021 Equity Incentive Plan
UiPath, Inc. 2021 Employee Stock Purchase Plan
(Full titles of the plans)
Daniel Dines
Co-Chief Executive Officer, Co-Founder, and Chairman
UiPath, Inc.
One Vanderbilt Avenue, 60th Floor
New York, New York 10017
(Name and address of agent for service)
(844) 432-0455
(Telephone number, including area code, of agent for service)
Copies to:
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Brad Goldberg Cooley LLP 55 Hudson Yards New York, New York 10001 (212) 479-6000 | Robert Enslin Co-Chief Executive Officer UiPath, Inc. One Vanderbilt Avenue, 60th Floor New York, New York 10017 (844) 432-0455 | Brad Brubaker Chief Legal Officer UiPath, Inc. One Vanderbilt Avenue, 60th Floor New York, New York 10017 (844) 432-0455 |
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
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| Large accelerated filer | | ☒ | | Accelerated filer | | ☐ |
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| Non-accelerated filer | | ☐ | | Smaller reporting company | | ☐ |
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| | | | Emerging growth company | | ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐
STATEMENT PURSUANT TO GENERAL INSTRUCTION E
TO FORM S-8
In this registration statement, UiPath, Inc. is sometimes referred to as “Registrant,” “we,” “us” or “our.”
The Registrant is filing this Registration Statement for the purpose of registering:
•an additional 27,830,643 shares of Class A common stock, par value $0.00001 per share (“Class A Common Stock”), to be issued pursuant to the UiPath, Inc. 2021 Equity Incentive Plan (the “Incentive Plan”) (resulting from an automatic annual increase as of February 1, 2023 pursuant to the “evergreen” provision of the Incentive Plan); and
•an additional 5,566,128 shares of Class A Common Stock to be issued pursuant to the UiPath, Inc. 2021 Employee Stock Purchase Plan (the “ESPP”) (resulting from an automatic annual increase as of February 1, 2023 pursuant to the “evergreen” provision of the ESPP).
The shares being registered pursuant to this registration statement on Form S-8 are the same class as other securities for which the following registration statements (the “Prior Registration Statements”) relating to the Incentive Plan and the ESPP were filed with the U.S. Securities and Exchange Commission (the “SEC”): Commission File No. 333-255420, filed by the Registrant on April 21, 2021; and Commission File No. 333-264123, filed by the Registrant on April 5, 2022. In accordance with General Instruction E of Form S-8, the contents of the Prior Registration Statements are incorporated herein by reference and made part of this Registration Statement, except as amended hereby.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The SEC allows us to incorporate by reference the information we file with them, which means that we can disclose important information to you by referring you to those documents. The information incorporated by reference is considered to be part of this registration statement, and later information filed with the SEC will update and supersede this information. We hereby incorporate by reference into this registration statement the following documents previously filed with the SEC:
(a) the Registrant’s Annual Report on Form 10-K for the fiscal year ended January 31, 2023, filed with the SEC on March 24, 2023 (the “2023 Annual Report”); (c) the description of the Registrant’s Class A Common Stock contained in Exhibit 4.2 of the Registrant’s Annual Report on Form 10-K for the fiscal year ended January 31, 2022, filed on April 4, 2022, including any amendment or report filed for the purpose of updating such description. All documents that the Registrant subsequently files pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a post-effective amendment to the registration statement which indicates that all of the securities offered have been sold or which deregisters all such securities then remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be a part hereof from the date of the filing of such documents, except as to any portion of any future annual or quarterly report to stockholders or document or current report furnished under current Items 2.02 or 7.01 of Form 8-K, and exhibits furnished on such form that relate to such items, that is not deemed filed under such provisions. For the purposes of this registration statement, any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies
or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.
Under no circumstances will any information filed under current Items 2.02 or 7.01 of Form 8-K, and exhibits furnished on such form that relate to such items, be deemed incorporated herein by reference unless such Form 8-K expressly provides to the contrary.
Item 8. Exhibits.
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Exhibit Number | | Description | | Form | | File No. | | Exhibit | | Filing Date | | Filed Herewith |
| | | | 8-K | | 001-40348 | | 3.1 | | 04/24/2021 | | |
| | | | 8-K | | 001-40348 | | 3.2 | | 03/10/2023 | | |
| | | | S-1/A | | 333-254738 | | 4.1 | | 04/19/2021 | | |
| | | | 10-K | | 001-40348 | | 4.2 | | 04/04/2022 | | |
| | | | | | | | | | | | X |
| | | | S-1/A | | 333-254738 | | 10.8 | | 04/12/2021 | | |
| | | | S-1/A | | 333-254738 | | 10.9 | | 04/12/2021 | | |
| | | | S-1/A | | 333-254738 | | 10.10 | | 04/12/2021 | | |
| | | | S-1/A | | 333-254738 | | 10.11 | | 04/12/2021 | | |
| | | | | | | | | | | | X |
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† Indicates management contract or compensatory plan.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Anna Maria Island, Florida, on this 24th day of March, 2023.
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| UIPATH, INC. |
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| By: | | /s/ Brad Brubaker |
| Name: | | Brad Brubaker |
| Title: | | Chief Legal Officer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Daniel Dines, Brad Brubaker, and Ashim Gupta, each of them, as his or her true and lawful attorneys-in-fact and agents, each with the full power of substitution, for him or her and in his or her name, place or stead, in any and all capacities, to sign any and all amendments to this Registration Statement (including post-effective amendments), and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
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| Signature | | Title | | Date |
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/s/ Daniel Dines Daniel Dines | | Co-Chief Executive Officer and Chairman (Principal Executive Officer) | | March 24, 2023 |
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/s/ Robert Enslin Robert Enslin | | Co-Chief Executive Officer (Principal Executive Officer) | | March 24, 2023 |
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/s/ Ashim Gupta Ashim Gupta | | Chief Financial Officer (Principal Financial Officer) | | March 24, 2023 |
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/s/ Hitesh Ramani Hitesh Ramani | | Chief Accounting Officer (Principal Accounting Officer) | | March 24, 2023 |
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/s/ Philippe Botteri Philippe Botteri | | Director | | March 24, 2023 |
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/s/ Michael Gordon Michael Gordon | | Director | | March 24, 2023 |
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/s/ Daniel D. Springer Daniel D. Springer | | Director | | March 24, 2023 |
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/s/ Laela Sturdy Laela Sturdy | | Director | | March 24, 2023 |
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/s/ Jennifer Tejada Jennifer Tejada | | Director | | March 24, 2023 |
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/s/ Richard P. Wong Richard P. Wong | | Director | | March 24, 2023 |
