Earlybird Management Sa

PATH

10% OWNER · UIPATH, INC. · CIK 0001855761

FILING MIX · LIFETIME40%/60%

BUYS

SELLS

TOTAL VALUE

$117.62M

COMPANIES

ACTIVE SINCE

Apr 2021

HOLDINGS NOW

41,949,031

AVG SELL PX

$56.00

Trades · vs SPY

Loading price series…

Performance · forward returns vs SPY

1 backtested trades · 8 horizonsHow are these numbers computed? →

Forward-return performance of every backtestable P/S trade by Earlybird Management Sa, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	1	+100.00%	-3.79%	+0.14%	-3.93%	-3.93%	—
14d	1	+100.00%	-7.78%	+1.29%	-9.07%	-9.07%	—
30d	1	+0.00%	+13.74%	+0.58%	+13.15%	+13.15%	—
60d	1	+100.00%	-6.67%	+1.86%	-8.53%	-8.53%	—
90d	1	+100.00%	-16.82%	+4.84%	-21.66%	-21.66%	—
180d	1	+100.00%	-30.92%	+9.27%	-40.19%	-40.19%	—
1y	1	+100.00%	-76.02%	+3.58%	-79.60%	-79.60%	—
2y	1	+100.00%	-79.90%	+2.02%	-81.93%	-81.93%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

PATH · 41,949,031 shares · as of Apr 23, 2021

Trading cadence · quarterly flow

BUY ● SELL ●

2021

FLOW · 2 buys / 3 sellsCOVERAGE · 1 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED	DETAILS
PATH UIPATH, INC.	SALE	28,230,828	—	—	0	Apr 23, 2021	Apr 23, 2021 ↗	View →
PATH UIPATH, INC.	PURCHASE	13,718,203	—	—	13,718,203	Apr 23, 2021	Apr 23, 2021 ↗	View →
PATH UIPATH, INC.	SALE	13,718,203	—	—	0	Apr 23, 2021	Apr 23, 2021 ↗	View →
PATH UIPATH, INC.	SALE	2,100,400	$56.00	$117.62M	39,848,631	Apr 23, 2021	Apr 23, 2021 ↗	View →
PATH UIPATH, INC.	PURCHASE	28,230,828	—	—	41,949,031	Apr 23, 2021	Apr 23, 2021 ↗	View →

Other insiders · PATH

Loading peer insiders…

About this filer

CIK 0001855761

ROLE

10% Owner

PRIMARY

PATH

COMPANIES

ACTIVE SINCE

Apr 2021

MARKETPEEL · /INSIDER/0001855761DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Earlybird Management Sa

The morning brief, before the bell.