Sumitomo Mitsui Trust Holdings Amends UiPath Stake Filing

TL;DR

**Sumitomo Mitsui Trust Holdings updated its UiPath ownership filing, signaling continued institutional interest.**

AI Summary

Sumitomo Mitsui Trust Holdings, Inc. (SMTH) filed an amended Schedule 13G/A on February 5, 2024, indicating their ownership of UiPath, Inc. Class A Common Stock as of December 31, 2023. This filing updates their previous disclosure, confirming their status as a passive institutional investor in UiPath. This matters to investors because it shows a major financial institution maintains a position in UiPath, potentially signaling long-term confidence, though the specific number of shares or percentage owned is not detailed in the provided excerpt.

Why It Matters

This filing confirms a significant institutional investor, Sumitomo Mitsui Trust Holdings, Inc., continues to hold shares in UiPath, Inc., which can be a positive signal for market confidence.

Risk Assessment

Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate risk or significant change in company fundamentals.

Analyst Insight

Investors should note that a major institutional investor continues to hold UiPath shares, but this filing alone doesn't provide details on changes in their stake, so further investigation into their specific holdings might be warranted.

Key Players & Entities

• Sumitomo Mitsui Trust Holdings, Inc. (company) — the reporting person and institutional investor
• UiPath, Inc. (company) — the subject company whose stock is being reported
• NIKKO ASSET MANAGEMENT CO., LTD. (NAM) (company) — a group member associated with the filing
• December 31, 2023 (date) — the date of the event requiring the filing
• $0.00001 (dollar_amount) — par value per share of UiPath Class A Common Stock

Forward-Looking Statements

• Sumitomo Mitsui Trust Holdings, Inc. will maintain its passive investment in UiPath, Inc. for the foreseeable future. (Sumitomo Mitsui Trust Holdings, Inc.) — medium confidence, target: 2025-02-05

FAQ

Key Financial Figures

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

Filing Documents

• upath130243sc13ga1.htm (SC 13G/A) — 60KB
• 0001214659-24-001852.txt ( ) — 62KB

(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, NY10017

(a). Name of Person Filing

Item 2(a). Name of Person Filing: Sumitomo Mitsui Trust Holdings, Inc. Nikko Asset Management Co., Ltd.

(b). Address of Principal Business Office or, if None, Residence

Item 2(b). Address of Principal Business Office or, if None, Residence: SMTH: 1-4-1 Marunouchi, Chiyoda-ku, Tokyo 100-8233, Japan NAM: Midtown Tower, 9-7-1 Akasaka, Minato-ku, Tokyo 107-6242, Japan

(c). Citizenship

Item 2(c). Citizenship: SMTH: Japan NAM: Japan

(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 Number

Item 2(e). CUSIP Number: 90364P105 Page 4 of 9

If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a

Item 3. If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: SMTH: (a) o Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) o Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) o Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) o Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) o An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o 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) x A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); (k) o 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: Parent Holding Company NAM: (a) o Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) o Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) o Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) o Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) o

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of issuer identified in Item 1. SMTH: (a) Amount beneficially owned: 22,454,431 (b) Percent of class: 4.64% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 22,454,431 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 22,454,431 NAM: (a) Amount beneficially owned: 21,570,253 (b) Percent of class: 4.46 % (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 21,570,253 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 21,570,253 Page 6 of 9

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. See Exhibit A.

Identification and Classification of Members of the Group

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.

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. Page 7 of 9 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. Date: February 5, 2024 Sumitomo Mitsui Trust Holdings, Inc. (Company) /s/ Hideaki Takamiya (Signature) Hideaki Takamiya / Senior Manager of Risk Management Dept (Name/Title) Nikko Asset Management Co.,Ltd (Company) /s/ Atsushi Ohya (Signature) Atsushi Ohya / Head of Business Regulatory Compliance (Name/Title) Page 8 of 9 Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the securities being reported on by each of SMTH and NAM, as parent holding companies, are owned, or may be deemed to be beneficially owned, by their subsidiary Nikko Asset Management Americas, Inc., which is classified as an investment adviser in accordance with §240.13d-1(b)(1)(ii)(E). In addition, part of the class of securities being reported on by SMTH , as parent holding company, is owned,or may be deemed to be beneficially owned, by its subsidiary Sumitomo Mitsui Trust Asset Management Co., Ltd. and Sumitomo Mitsui Trust Bank, Limited. page 9 of 9

View Full Filing

View this SC 13G/A filing on SEC EDGAR