Summary by Futu AI
On September 5, 2024, Sivaramakichenane Somasegar, a director and 10% owner of UiPath, Inc., filed an Initial Statement of Beneficial Ownership of Securities with the SEC, as required under Section 16(a) of the Securities Exchange Act of 1934. The Form 3 filing, which is a standard requirement for new insiders of publicly traded companies, indicates that Somasegar does not beneficially own any securities in the company at the time of the filing. The form was filed solely by Somasegar, with Brad Brubaker signing as attorney in fact. UiPath, Inc., listed under the ticker PATH, is based in New York and is a key player in the automation software industry.