ARK Investment Management Discloses 43.47M UiPath Shares

TL;DR

**ARK still holds a massive 43.47M shares of UiPath, signaling strong conviction.**

AI Summary

ARK Investment Management LLC, a prominent investment firm, filed an amendment to its SC 13G/A for UiPath, Inc. on January 29, 2024, disclosing its holdings as of December 31, 2023. The filing shows ARK beneficially owns 43,470,597 shares of UiPath's Class A common stock, representing a significant stake. This matters to investors because ARK's continued large position signals its conviction in UiPath's future, potentially influencing other investors and the stock's perception.

Why It Matters

This filing reveals ARK Investment Management's substantial and continued investment in UiPath, indicating their confidence in the company's long-term prospects. For investors, this can be seen as a vote of confidence from a well-known institutional investor.

Risk Assessment

Risk Level: low — This filing is an amendment to a Schedule 13G, indicating a passive investment by a large institutional holder, which generally carries low immediate risk.

Analyst Insight

Investors might view ARK's continued large holding as a positive signal, potentially reinforcing their own investment thesis in UiPath. It suggests ARK sees long-term value, which could encourage further research into UiPath's fundamentals.

Key Numbers

• 43,470,597 — Aggregate Shares Beneficially Owned (This is the total number of UiPath Class A common stock shares ARK Investment Management LLC reported owning as of December 31, 2023.)
• 41,644,121 — Sole Voting Power Shares (This represents the number of shares over which ARK Investment Management LLC has exclusive voting control.)
• 979,262 — Shared Voting Power Shares (This indicates the number of shares over which ARK Investment Management LLC shares voting control with other entities.)
• 0 — Shared Dispositive Power Shares (This shows that ARK Investment Management LLC does not share the power to sell or dispose of any of its reported UiPath shares.)

Key Players & Entities

• ARK Investment Management LLC (company) — the reporting person and institutional investor
• UiPath, Inc. (company) — the subject company whose shares are being reported
• 43,470,597 (dollar_amount) — aggregate shares beneficially owned by ARK
• December 31, 2023 (date) — the date of the event requiring the filing
• January 29, 2024 (date) — the filing date of the SC 13G/A amendment

Forward-Looking Statements

• ARK Investment Management will maintain a significant stake in UiPath, Inc. (UiPath, Inc.) — medium confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.00001 — suer) Class A common stock, par value $0.00001 per share (Title of Class of Securiti

Filing Documents

• tm244117d26_sc13ga.htm (SC 13G/A) — 39KB
• 0001104659-24-007697.txt ( ) — 41KB

(a) Name of issuer

Item 1(a) Name of issuer: UiPath, Inc.

(b) Address of issuer's principal executive offices

Item 1(b) Address of issuer's principal executive offices: One Vanderbilt Avenue, 60th Floor New York, NY 10017

(a) Name of person filing

Item 2(a) Name of person filing: ARK Investment Management LLC

(b) Address or principal business office or, if none, residence

Item 2(b) Address or principal business office or, if none, residence: ARK Investment Management LLC 200 Central Avenue St. Petersburg, FL 33701

(c) Citizenship

Item 2(c) Citizenship: Delaware, United States

(d) Title of class of securities

Item 2(d) Title of class of securities: Class A common stock, par value $0.00001 per share

(e) CUSIP No

Item 2(e) CUSIP No.: 90364P105

If this statement is filed pursuant

Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ CUSIP No. 90364P105 13G Page 4 of 5 Pages

Ownership

Item 4. Ownership (a) Amount beneficially owned: 43,470,597 (b) Percent of class: 8.99% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 41,644,121 (ii) Shared power to vote or to direct the vote: 979,262 (iii) Sole power to dispose or to direct the disposition of: 43,470,597 (iv) Shared power to dispose or to direct the disposition of: 0

Ownership of 5 Percent or Less of a Class

Item 5. Ownership of 5 Percent or Less of a Class. Not applicable.

Ownership of More than 5 Percent

Item 6. Ownership of More than 5 Percent on Behalf of Another Person. To the knowledge of the Reporting Person, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, a number of the shares which represents more than five percent of the number of outstanding class of the shares.

Identification and Classification

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not applicable.

Identification and Classification

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not applicable. CUSIP No. 90364P105 13G Page 5 of 5 Pages

Certifications

Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. SIGNATURE 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. The reporting persons agree that this statement is filed on behalf of each of them. Dated: January 29, 2024 ARK Investment Management LLC By: /s/ Kellen Carter Name: Kellen Carter Title: Chief Compliance Officer

View Full Filing

View this SC 13G/A filing on SEC EDGAR