UiPath, Inc. Quarterly report pursuant to Section 13 or 15(d)

Equity Incentive Plans and Stock-Based Compensation (Tables)

3 Months Ended

Apr. 30, 2021

The following table summarizes the option activity under our stock plans during the reporting period:

	Number of Stock Options (in thousands)			Weighted- Average Exercise Price		Weighted-Average Remaining Contractual Life (years)		Aggregate Intrinsic Value (in thousands)
Outstanding as of January 31, 2021		23,013		$	1.58		7.9	$	1,207,831
Granted		147		$	0.10
Exercised		(1,881	)	$	1.26
Forfeited		(172	)	$	2.32
Expired		—		$	—
Outstanding as of April 30, 2021		21,107		$	1.59		7.5	$	1,486,032

Vested and exercisable as of April 30, 2021		9,925		$	1.04		6.6	$	704,260

RSU activity during the three months ended April 30, 2021 consisted of the following (in thousands except per share amounts):

	RSUs (in thousands)			Weighted-Average Grant Date Fair Value Per Share
Unvested as of January 31, 2021		34,753		$	10.80
Granted		2,818		$	56.00
Vested (1)		(17,921	)	$	6.40
Forfeited		(513	)	$	12.45
Unvested as of April 30, 2021		19,137		$	21.53
(1) Class A common stock has not been issued in connection with 17,532 vested RSUs because such RSUs were unsettled as of April 30, 2021.

We classified stock-based compensation expense in the condensed consolidated statements of operations as follows (in thousands):