Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Our Class A common stock is traded on the New York Stock Exchange under the ticker symbol "PATH." There currently is no established public trading market for our Class B common stock, but each share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock, and is automatically converted upon sale or transfer into one share of Class A common stock.
Number of Holders of Common Stock
The number of record holders of our Class A and Class B common stock as of March 20, 2026 was 27 and one, respectively. The number of beneficial owners of our Class A common stock is substantially greater than the number of record holders because a large portion of Class A common stock is held in “street name” by brokers.
Dividends
We have never declared or paid any dividends on our Class A or Class B common stock, and we do not anticipate paying cash dividends in the foreseeable future.
Issuer Purchase of Equity Securities
The following table presents our Class A common stock repurchase activity under our stock repurchase program for the three months ended January 31, 2026 (in thousands, except for per share data):
Period Total Number of Shares
Purchased Average Price Paid Per
Share (1) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs
November 1 – 30 — $ — $ — $ 180,298
December 1 – 31 — $ — $ — $ 180,298
January 1 – 31 780 $ 12.81 $ 780 $ 170,298
Total 780 780
(1) Excludes brokerage commission.
(2) On September 1, 2023, our board of directors authorized a stock repurchase program which authorized the repurchase from time to time of up to $500.0 million of our outstanding shares of Class A common stock. This authorization was scheduled to expire on March 1, 2025. On August 30, 2024, our board of directors authorized an additional $500.0 million of repurchases under the stock repurchase program. Subsequent to January 31, 2026, between February 1, 2026 and February 11, 2026, we repurchased additional shares of our Class A common stock, fulfilling this authorization.
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Recent Sales of Unregistered Securities
None.
Stock Performance Graph
The following graph compares the cumulative total return of our Class A common stock for the period from April 21, 2021, the date our Class A common stock began trading on the New York Stock Exchange, through January 31, 2026, as compared to the cumulative total return of the S&P 500 Index and S&P 500 Technology Index over the same period . The graph assumes a $100 investment in our Class A common stock and each of the above indices at April 21, 2021, with cash dividends reinvested as applicable.
Item 6. [Reserved]