UiPath, Inc. filed a Form 8-K with the SEC on September 3, 2026, disclosing executive leadership changes, a new board appointment, performance stock unit grants, and a CEO trading plan, with the earliest reported event dated September 1, 2026.

Key Highlights

  • New CFO appointed: Hitesh Ramani, previously Deputy CFO and Chief Accounting Officer, was named Chief Financial Officer effective September 3, 2026.
  • CFO compensation: Ramani will receive a base salary of $470,000, a target annual bonus of 50% of base salary, and an award of 130,368 restricted stock units.
  • Board expanded: Yazdi Bagli was appointed to the Board on September 3, 2026, increasing board size from seven to eight members; the Board determined he qualifies as an independent director under NYSE listing standards.
  • Role changes: Ashim Gupta will cease as CFO and continue as Chief Operating Officer; Brad Brubaker's title was expanded to Chief Legal and Administrative Officer.
  • PSU grants approved: The Compensation Committee granted 1,125,000, 1,125,000, 525,000, and 300,000 performance stock units to Ashim Gupta, Raghu Malpani, Hitesh Ramani, and Brad Brubaker, respectively.
  • CEO trading plan: IceVulcan Investments Ltd., controlled by CEO Daniel Dines, adopted a Rule 10b5-1(c) plan on July 15, 2026, to sell up to 5,000,000 shares of Class A common stock through February 1, 2027, subject to limit prices.

UiPath Restructures Leadership Team Across Finance, Legal, and Board Roles

According to the filing, UiPath (NYSE:PATH) appointed Hitesh Ramani as Chief Financial Officer, effective September 3, 2026. Ramani, age 48, had served as the company's Chief Accounting Officer since April 2021 and as Deputy CFO since September 2024. Before joining UiPath, the filing states he held various roles at Deloitte from March 2001 through March 2021, ending as Partner. He holds a Certified Public Accountant designation from the State Board of Colorado and a Chartered Accountant designation from the Institute of Chartered Accountants in India. His RSU award vests with 16 and two thirds percent on October 1, 2026, and 8 and one third percent in equal quarterly installments thereafter, subject to continuous service.

The Board appointed Yazdi Bagli, age 58, as a director effective September 3, 2026, filling a vacancy created by expanding board size from seven to eight members. According to the filing, Bagli serves as Executive Vice President of Information Technology and Enterprise Business Services for Kaiser Permanente, a role he has held since October 2020, and is currently on a leave of absence while pursuing a fellowship at Harvard University. Prior to Kaiser Permanente, he led enterprise business services at Walmart and spent more than 20 years at Procter & Gamble across four countries. Bagli will receive compensation under the company's non-employee director compensation policy as described in the definitive proxy statement filed May 12, 2026, as supplemented May 22, 2026.

The filing also disclosed that the Compensation Committee approved performance stock unit grants subject to two stock price hurdles that must be satisfied by July 31, 2029, and July 31, 2031, respectively, along with service-based vesting requirements under the company's 2021 Equity Incentive Plan. Separately, the filing stated that IceVulcan Investments Ltd., controlled by CEO and founder Daniel Dines, adopted a Rule 10b5-1(c) trading plan on July 15, 2026, covering up to 5,000,000 shares of Class A common stock through February 1, 2027, subject to limit prices. The filing noted the plan was adopted "as part of his personal long-term investment strategy for tax, asset diversif-" with the text appearing truncated in the source.

What Was Disclosed

UiPath's Form 8-K reported the appointment of a new CFO and board member, role changes for existing officers, performance stock unit grants to four senior executives, and adoption of a Rule 10b5-1 share-sale plan by an entity controlled by the CEO.