Sec Form 13G Filing - Accel Leaders Fund L.P. filing for UiPath Inc. (PATH) - 2022-02-14

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Schedule 13G
(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d)
AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)

(Amendment No. )*

 

UiPath, Inc.

(Name of Issuer)

 

Class A common stock, par value $0.00001 per share

(Title of Class of Securities)

 

90364P105

(CUSIP Number)

 

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

  ¨ Rule 13d-1(b)
  ¨ Rule 13d-1(c)
  x Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

(Continued on following pages)

 

Page 1 of 20 Pages

Exhibit Index Contained on Page 19

 

 

 

 

 

 

CUSIP NO. 90364P105 13 G Page 2 of 20

 

1

NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Accel Leaders Fund L.P. ("ALF") 

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)      ¨      (b)     x

 

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
5 SOLE VOTING POWER
6,883,068 shares, all of which are directly owned by ALF.  Accel Leaders Fund Associates L.L.C. ("ALFA"), the general partner of ALF, may be deemed to have sole power to vote these shares, and Richard P. Wong ("RPW"), a director of the issuer and a managing member of ALFA, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
7 SOLE DISPOSITIVE POWER
6,883,068 shares, all of which are directly owned by ALF.  ALFA, the general partner of ALF, may be deemed to have sole power to dispose of these shares, and RPW, a director of the issuer and a managing member of ALFA, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,883,068
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨ 
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.6%(1)
12 TYP E OF REPORTING PERSON* PN
         

(1) Based on 442,775,415 shares of Class A Common Stock outstanding as of December 6, 2021, as reported by the issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, filed with the Securities and Exchange Commission on December 10, 2021 (the “Form 10-Q”).

 

 

 

 

CUSIP NO. 90364P105 13 G Page 3 of 20

 

1

NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Accel Leaders Fund Associates L.L.C. ("ALFA")

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)      ¨      (b)     x

 

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
5 SOLE VOTING POWER
6,883,068 shares, all of which are directly owned by ALF.  ALFA, the general partner of ALF, may be deemed to have sole power to vote these shares, and RPW, a director of the issuer and a managing member of ALFA, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
7 SOLE DISPOSITIVE POWER
6,883,068 shares, all of which are directly owned by ALF.  ALFA, the general partner of ALF, may be deemed to have sole power to dispose of these shares, and RPW, a director of the issuer and a managing member of ALFA, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,883,068
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨ 
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.6%(1)
12 TYPE OF REPORTING PERSON* OO
         

(1) Based on 442,775,415 shares of Class A Common Stock outstanding as of December 6, 2021, as reported by the issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021.

 

 

 

 

CUSIP NO. 90364P105 13 G Page 4 of 20

 

< td style="padding-left: 2pt; border-left: black 1pt solid; padding-top: 2pt; padding-bottom: 2pt">4
1

NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Accel Leaders Fund Investors 2016 L.L.C. (“ALFI16”)

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 

(a)      ¨      (b)     x

 

3 SEC USE ONLY
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
5 SOLE VOTING POWER
328,862 shares, all of which are directly owned by ALFI16.  RPW, a director of the issuer and a managing member of ALFI16, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
WITH 7 SOLE DISPOSITIVE POWER
328,862 shares, all of which are directly owned by ALFI16.  RPW, a director of the issuer and a managing member of ALFI16, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 328,862
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨ 
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.1%(1)
12 TYPE OF REPORTING PERSON* OO
         

(1) Based on 442,775,415 shares of Class A Common Stock outstanding as of December 6, 2021, as reported by the issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021. 

 

 

 

 

CUSIP NO. 90364P105 13 G Page 5 of 20

 

1

NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Accel Growth Fund IV L.P. (“AGF4”)

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)      ¨      (b)     x

 

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
5 SOLE VOTING POWER
13,048,188 shares, all of which are directly owned by AGF4.  Accel Growth Fund IV Associates L.L.C. ("AGF4A"), the general partner of AGF4, may be deemed to have sole power to vote these shares, and RPW, a director of the issuer and a managing member of AGF4A, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
7 SOLE DISPOSITIVE POWER
13,048,188 shares, all of which are directly owned by AGF4.  AGF4A, the general partner of AGF4, may be deemed to have sole power to dispose of these shares, and RPW, a director of the issuer and a managing member of AGF4A, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,048,188
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨ 
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 2.9%(1)
12 TYPE OF REPORTING PERSON* PN
         

(1) (1) Based on 442,775,415 shares of Class A Common Stock outstanding as of December 6, 2021, as reported by the issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021.

 

 

 

 

CUSIP NO. 90364P105 13 G Page 6 of 20

 

1

NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Accel Growth Fund IV Strategic Partners L.P. (“AGF4SP”)

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 

(a)      ¨      (b)     x

 

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
5 SOLE VOTING POWER
74,245 shares, all of which are directly owned by AGF4SP.  AGF4A, the general partner of AGF4SP, may be deemed to have sole power to vote these shares, and RPW, a director of the issuer and a managing member of AGF4A, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
7 SOLE DISPOSITIVE POWER
74,245 shares, all of which are directly owned by AGF4SP.  AGF4A, the general partner of AGF4SP, may be deemed to have sole power to dispose of these shares, and RPW, a director of the issuer and a managing member of AGF4A, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 74,245
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨ 
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.0%(1)
12 TYPE OF REPORTING PERSON* PN
         

(1) Based on 442,775,415 shares of Class A Common Stock outstanding as of December 6, 2021, as reported by the issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021.

 

 

 

 

CUSIP NO. 90364P105 13 G Page 7 of 20

 

1

NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Accel Growth Fund IV Associates L.L.C. ("AGF4A")

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 

(a)      ¨      (b)     x

 

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
5 SOLE VOTING POWER
13,122,433 shares, of which 13,048,188 are directly owned by AGF4, and 74,245 are directly owned by AGF4SP.  AGF4A, the general partner of AGF4 and AGF4SP, may be deemed to have sole power to vote these shares, and RPW, a director of the issuer and a managing member of AGF4A, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
7 SOLE DISPOSITIVE POWER
13,122,433 shares, of which 13,048,188 are directly owned by AGF4, and 74,245 are directly owned by AGF4SP. AGF4A, the general partner of AGF4 and AGF4SP, may be deemed to have sole power to dispose of these shares, and RPW, a director of the issuer and a managing member of AGF4A, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,122,433
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨ 
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.0%(1)
12 TYPE OF REPORTING PERSON* OO
         

(1) Based on 442,775,415 shares of Class A Common Stock outstanding as of December 6, 2021, as reported by the issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021.

 

 

 

 

CUSIP NO. 90364P105 13 G Page 8 of 20

 

1

NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Accel Growth Fund Investors 2016 L.L.C. (“AGFI16”)

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 

(a)      ¨      (b)     x

 

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
5 SOLE VOTING POWER
624,114 shares, all of which are directly owned by AGFI16. RPW, a director of the issuer and a managing member of AGFI16, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
WITH 7 SOLE DISPOSITIVE POWER
624,114 shares, all of which are directly owned by AGFI16. RPW, a director of the issuer and a managing member of AGFI16, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 624,114
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨ 
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.1%(1)
12 TYPE OF REPORTING PERSON* OO
         

(1) Based on 442,775,415 shares of Class A Common Stock outstanding as of December 6, 2021, as reported by the issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021.

 

 

 

 

CUSIP NO. 90364P105 13 G Page 9 of 20

 

1

NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Accel London V L.P. (“AL5”)

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 

(a)      ¨      (b)     x

 

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
5 SOLE VOTING POWER
34,999,995 shares, all of which are directly owned by AL5.  Accel London V Associates L.P. (“AL5A LP”), the general partner of AL5, may be deemed to have sole power to vote these shares, and Accel London V Associates L.L.C. (“AL5A”), the general partner of AL5A LP, may be deemed to have sole power to vote these shares. Philippe Botteri (“PB”), a director of the issuer and a managing member of AL5A, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
  7 SOLE DISPOSITIVE POWER
34,999,995 shares, all of which are directly owned by AL5. AL5A LP, the general partner of AL5, may be deemed to have sole power to dispose of these shares, and AL5A, the general partner of AL5A LP, may be deemed to have sole power to dispose of these shares. PB, a director of the issuer and a managing member of AL5A, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 34,999,995
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨ 
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.9%(1)
12 TYPE OF REPORTING PERSON* PN
         

(1) Based on 442,775,415 shares of Class A Common Stock outstanding as of December 6, 2021, as reported by the issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021.

 

 

 

 

< td style="width: 40%; border: black 1pt solid; padding-right: 1pt; padding-left: 1pt; text-align: right">Page 10 of 20
CUSIP NO. 90364P105 13 G

 

1

NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 

 

Accel London V Strategic Partners L.P. (“AL5SP”) 

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 

(a)       ¨     (b)       x

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
5 SOLE VOTING POWER
533,128 shares, all of which are directly owned by AL5SP.  AL5A LP, the general partner of AL5SP, may be deemed to have sole power to vote these shares, and AL5A, the general partner of AL5A LP, may be deemed to have sole power to vote these shares.  PB, a director of the issuer and a managing member of AL5A, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
  7 SOLE DISPOSITIVE POWER
533,128 shares, all of which are directly owned by AL5SP.  AL5A LP, the general partner of AL5SP, may be deemed to have sole power to dispose of these shares, and AL5A, the general partner of AL5A LP, may be deemed to have sole power to dispose of these shares.  PB, a director of the issuer and a managing member of AL5A, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 533,128
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨ 
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.1%(1)
12 TYPE OF REPORTING PERSON* PN
         

(1) Based on 442,775,415 shares of Class A Common Stock outstanding as of December 6, 2021, as reported by the issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021.

 

 

 

 

CUSIP NO. 90364P105 13 G Page 11 of 20

 

1

NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Accel London V Associates L.P. (“AL5A LP”) 

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 

(a)       ¨       (b)       x

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
5 SOLE VOTING POWER
35,533,123 shares, of which 34,999,995 are directly owned by AL5, and 533,128 are directly owned by AL5SP.  AL5A LP, the general partner of AL5 and AL5SP, may be deemed to have sole power to vote these shares, and AL5A, the general partner of AL5A LP, may be deemed to have sole power to vote these shares.  PB, a director of the issuer and a managing member of AL5A, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
  7 SOLE DISPOSITIVE POWER
35,533,123 shares, of which 34,999,995 are directly owned by AL5, and 533,128 are directly owned by AL5SP.  AL5A LP, the general partner of AL5 and AL5SP, may be deemed to have sole power to dispose of these shares, and AL5A, the general partner of AL5A LP, may be deemed to have sole power to dispose of these shares.  PB, a director of the issuer and a managing member of AL5A, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 35,533,123
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.0%(1)
12 TYPE OF REPORTING PERSON* PN
         

(1) Based on 442,775,415 shares of Class A Common Stock outstanding as of December 6, 2021, as reported by the issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021.

 

 

 

 

CUSIP NO. 90364P105 13 G Page 12 of 20

 

1

NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 

 

Accel London Investors 2016 L.P. (“ALI16”) 

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 

(a)       ¨       (b)       x

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
5 SOLE VOTING POWER
3,381,687 shares, all of which are directly owned by ALI16.  AL5A, the general partner of ALI16, may be deemed to have sole power to vote these shares.  PB, a director of the issuer and a managing member of AL5A, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
7 SOLE DISPOSITIVE POWER
3,381,687 shares, all of which are directly owned by ALI16.  AL5A, the general partner of ALI16, may be deemed to have sole power to dispose of these shares.  PB, a director of the issuer and a managing member of AL5A, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,381,687
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.8%(1)
12 TYPE OF REPORTING PERSON* PN
         

(1) Based on 442,775,415 shares of Class A Common Stock outstanding as of December 6, 2021, as reported by the issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021.

 

 

 

 

CUSIP NO. 90364P105 13 G Page 13 of 20

 

1

NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Accel London V Associates L.L.C. (“AL5A”) 

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)       ¨       (b)       x

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH

REPORTING
PERSON
WITH

 

5 SOLE VOTING POWER
38,914,810 shares, of which 34,999,995 are directly owned by AL5, 533,128 are directly owned by AL5SP, and 3,381,687 are directly owned by ALI16.  AL5A LP, the general partner of AL5 and AL5SP, may be deemed to have sole power to vote these shares, and AL5A, the general partner of AL5A LP and ALI16 may be deemed to have sole power to vote these shares.  BG, a director of the issuer and a managing member of AL5A, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
7 SOLE DISPOSITIVE POWER
38,914,810 shares, of which 34,999,995 are directly owned by AL5, 533,128 are directly owned by AL5SP, and 3,381,687 are directly owned by ALI16.  AL5A LP, the general partner of AL5 and AL5SP, may be deemed to have sole power to dispose of these shares, and AL5A, the general partner of AL5A LP and ALI16 may be deemed to have sole power to dispose of these shares.  BG, a director of the issuer and a managing member of AL5A, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 38,914,810
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.8%(1)
12 TYPE OF REPORTING PERSON OO
         

(1) Based on 442,775,415 shares of Class A Common Stock outstanding as of December 6, 2021, as reported by the issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021.

 

 

 

 

CUSIP NO. 90364P105 13 G Page 14 of 20

 

1

NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Richard P. Wong ("RPW")

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)       ¨       (b)       x

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
5 SOLE VOTING POWER
20,958,477 shares, of which 6,883,068 are directly owned by ALF, 328,862 are directly owned by ALFI16, 13,048,188 are directly owned by AGF4, 74,245 are directly owned by AGF4SP, and 624,114 are directly owned by AGFI16.  ALFA, the general partner of ALF, may be deemed to have sole power to vote these shares. AGF4A, the general partner of AGF4 and AGF4SP, may be deemed to have sole power to vote these shares.  RPW, a director of the issuer and a managing member of ALFA, ALFI16, AGF4A, and AGFI16, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
  7 SOLE DISPOSITIVE POWER
20,958,477 shares, of which 6,883,068 are directly owned by ALF, 328,862 are directly owned by ALFI16, 13,048,188 are directly owned by AGF4, 74,245 are directly owned by AGF4SP, and 624,114 are directly owned by AGFI16.  ALFA, the general partner of ALF, may be deemed to have sole power to dispose of these shares. AGF4A, the general partner of AGF4 and AGF4SP, may be deemed to have sole power to dispose of these shares.  RPW, a director of the issuer and a managing member of ALFA, ALFI16, AGF4A, and AGFI16, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,958,477
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.7%(1)
12 TYPE OF REPORTING PERSON IN
         

(1) Based on 442,775,415 shares of Class A Common Stock outstanding as of December 6, 2021, as reported by the issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021.

 

 

 

 

CUSIP NO. 90364P105 13 G Page 15 of 20

 

1

NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Philippe Botteri ("PB")

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 

(a)       ¨       (b)       x

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
5 SOLE VOTING POWER
38,914,810 shares, of which 34,999,995 are directly owned by AL5, 533,128 are directly owned by AL5SP, and 3,381,687 are directly owned by ALI16.  AL5A LP, the general partner of AL5 and AL5SP, may be deemed to have sole power to vote these shares. AL5A, the general partner of AL5A LP and ALI16, may be deemed to have sole power to vote these shares. PB, a director of the issuer and a managing member of AL5A, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
  7 SOLE DISPOSITIVE POWER
38,914,810 shares, of which 34,999,995 are directly owned by AL5, 533,128 are directly owned by AL5SP, and 3,381,687 are directly owned by ALI16.  AL5A LP, the general partner of AL5 and AL5SP, may be deemed to have sole power to dispose of these shares. AL5A, the general partner of AL5A LP and ALI16, may be deemed to have sole power to dispose of these shares. PB, a director of the issuer and a managing member of AL5A, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 38,914,810
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.8%(1)
12 TYPE OF REPORTING PERSON IN
         

(1) Based on 442,775,415 shares of Class A Common Stock outstanding as of December 6, 2021, as reported by the issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021.

 

 

 

 

CUSIP NO. 90364P105 13 G Page 16 of 20

 

  ITEM 1(A)

NAME OF ISSUER

 

UiPath, Inc.

 

  ITEM 1(B).

ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES

452 5th Avenue, 22nd Floor

New York, New York 10018

 

  ITEM 2(A).

NAME OF PERSONS FILING

This joint Schedule 13G is being filed by Accel Leaders Fund L.P. ("ALF"), Accel Leaders Fund Associates L.L.C. ("ALFA"), Accel Leaders Fund Investors 2016 L.L.C. (“ALFI16”), Accel Growth Fund IV L.P. (“AGF4”), Accel Growth Fund IV Strategic Partners L.P. (“AGF4SP”), Accel Growth Fund IV Associates L.L.C. ("AGF4A"), Accel Growth Fund Investors 2016 L.L.C. (“AGFI16”), Accel London V L.P. (“AL5”), Accel London V Strategic Partners L.P. (“AL5SP”), Accel London V Associates L.P. ("AL5A LP"), Accel London Investors 2016 L.P. (“ALI16”), Accel London V Associates L.L.C. ("AL5A"), Richard P. Wong ("RPW"), and Philippe Botteri ("PB"). The foregoing entities and individuals are collectively referred to as the “Reporting Persons.”

 

ALFA, the general partner of ALF, may be deemed to have sole power to vote and sole power to dispose of the shares of the issuer directly owned by ALF. AGF4A, the general partner of AGF4 and AGF4SP, may be deemed to have sole power to vote and sole power to dispose of the shares of the issuer directly owned by AGF4 and AGF4SP. RPW, a director of the issuer and a managing member of ALFA, ALFI16, AGF4A, and AGFI16, may be deemed to have shared power to vote and shared power to dispose of these shares. AL5A LP, the general partner of AL5 and AL5SP, may be deemed to have sole power to vote and sole power to dispose of the shares of the issuer directly owned by AL5 and AL5SP. AL5A, the general partner of AL5A LP and ALI16, maybe deemed to have sole power to vote and sole power to dispose of these shares, and PB, a director of the issuer and a managing member of AL5A, may be deemed to have shared power to dispose of these shares.

 

  ITEM 2(B).

ADDRESS OF PRINCIPAL OFFICE

 

The address for each of the Reporting Persons is:

 

Accel Partners

500 University Avenue

Palo Alto, CA 94301

 

  ITEM 2(C).

CITIZENSHIP

 

ALF, AGF4, AGF4SP, AL5, AL5SP, AL5A LP, and ALI16 are Delaware limited partnerships. ALFA, ALFI16, AGF4A, AGFI16, and AL5A are Delaware limited liability companies. BG is a United Kingdom Citizen.

  ITEM 2(D).

TITLE OF CLASS OF SECURITIES

 

Class A common stock, par value $0.00001 per share

 

  ITEM 2(E).

CUSIP NUMBER

 

90364P105

 

  ITEM 3. Not Applicable
     

 

 

 

  ITEM 4.

OWNERSHIP


Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

  (a)

Amount beneficially owned:

See Row 9 of cover page for each Reporting Person.

 

  (b)

Percent of Class:

See Row 11 of cover page for each Reporting Person.

 

  (c)

Number of shares as to which such person has:

 

  (i)

Sole power to vote or to direct the vote:

See Row 5 of cover page for each Reporting Person.

 

  (ii)

Shared power to vote or to direct the vote:

 

            See Row 6 of cover page for each Reporting Person.

 

  (iii)

Sole power to dispose or to direct the disposition of:

 

    See Row 7 of cover page for each Reporting Person.

 

  (iv)

Shared power to dispose or to direct the disposition of:

See Row 8 of cover page for each Reporting Person.

 

  ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

Not applicable.
   
  ITEM 6.

OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

Under certain circumstances set forth in the limited partnership agreements of ALF, AGF4, AGF4SP, AL5, AL5SP, AL5A LP, and ALI16, and the limited liability company agreements of ALFA, ALFI16, AGF4A, AGFI16, and AL5A, the general partner and limited partners or members, as the case may be, of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the issuer owned by each such entity of which they are a partner or member, as the case may be.

 

  ITEM 7.

IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

Not Applicable.

 

  ITEM 8.

IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

Not Applicable.

 

  ITEM 9. NOTICE OF DISSOLUTION OF GROUP.

Not Applicable.
     
  ITEM 10. CERTIFICATION.

Not Applicable.
         

 

 

 

CUSIP NO. 90364P105 13 G Page 18 of 20

 

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: February 11, 2022

 

Entities:

Accel Leaders Fund L.P.*

Accel Leaders Fund Associates L.L.C*

Accel Leaders Fund Investors 2016 L.L.C.*

Accel Growth Fund IV L.P.*

Accel Growth Fund IV Strategic Partners L.P.*

Accel Growth Fund IV Associates L.L.C.*

Accel Growth Fund Investors 2016 L.L.C.*

Accel London V L.P.*

Accel London V Strategic Partners L.P.*

Accel London V Associates L.P.*

Accel London V Associates L.L.C.*

Accel London Investors 2016 L.P.*

 

  By: /s/ Tracy L. Sedlock
    Tracy L. Sedlock, Attorney-in-fact for the above-listed entities

 

Individuals:

Richard P. Wong*

Philippe Botteri*

 

  By: /s/ Tracy L. Sedlock
    Tracy L. Sedlock, Attorney-in-fact for the above-listed individuals

 

* Signed pursuant to a Power of Attorney already on file with the appropriate agencies.

 

 

 

 

CUSIP NO. 90364P105 13 G Page 19 of 20

 

EXHIBIT INDEX

   Found on
Sequentially
 
Exhibit  Numbered Page 
Exhibit A: Agreement of Joint Filing   20 

 

 

 

 

CUSIP NO. 90364P105 13 G Page 20 of 20

 

EXHIBIT A

 

Agreement of Joint Filing

 

The Reporting Persons agree that a single Schedule 13G (or any amendment thereto) relating to the Common Stock of UiPath, Inc. shall be filed on behalf of each of the undersigned and that this Agreement shall be filed as an exhibit to such Schedule 13G.

 

Date: February 11, 2022

 

Entities:

Accel Leaders Fund L.P.*

Accel Leaders Fund Associates L.L.C*

Accel Leaders Fund Investors 2016 L.L.C.*

Accel Growth Fund IV L.P.*

Accel Growth Fund IV Strategic Partners L.P.*

Accel Growth Fund IV Associates L.L.C.*

Accel Growth Fund Investors 2016 L.L.C.*

Accel London V L.P.*

Accel London V Strategic Partners L.P.*

Accel London V Associates L.P.*

Accel London V Associates L.L.C.*

Accel London Investors 2016 L.P.*

 

  By: /s/ Tracy L. Sedlock
    Tracy L. Sedlock, Attorney-in-fact for the above-listed entities

 

Individuals:

Richard P. Wong*

Philippe Botteri*

 

  By: /s/ Tracy L. Sedlock
    Tracy L. Sedlock, Attorney-in-fact for the above-listed individuals

 

* Signed pursuant to a Power of Attorney already on file with the appropriate agencies.