Summary by Futu AI
BlackRock, Inc., a major investment management corporation based in Delaware, has filed a Schedule 13G with the Securities and Exchange Commission (SEC) on November 8, 2024, indicating a significant ownership stake in UiPath, Inc. The filing reveals that BlackRock now beneficially owns 25,049,697 shares of UiPath's Class A Common Stock, which represents 5.4% of the class. This level of ownership grants BlackRock sole voting power over 24,033,944 shares and sole dispositive power over the entire 25,049,697 shares, with no shared voting or dispositive power reported. The Schedule 13G filing is required under the Securities Exchange Act of 1934 when a party acquires more than 5% of a company's stock and is used to disclose BlackRock's ownership status in the ordinary course of business, without the intent of changing or influencing the control of UiPath. The address of UiPath's principal executive offices is listed as One Vanderbilt Avenue, 60th Floor, New York, NY 10017.