Fault reactivations induced by deep excavation can pose significant challenges to underground construction or resource extraction. Laboratory experiments on rock faults demonstrate that unloading‐induced fault reactivations obey the Coulomb failure criterion derived from loading‐induced events. However, the effect of stress path during unloading on the failure criterion and rupture dynamics of fault reactivations remains poorly understood. Here, we present findings from a series of laboratory experiments aimed at elucidating the effect of the unloading path on the failure criterion and rupture dynamics of fault reactivations. We conducted experiments under various stress conditions, examining two cases of unloading paths. In Case I, we unloaded the minimum principal stress, while in Case II, the maximum principal stress was unloaded. Strain gauges and high‐speed photography were employed to capture the transient dynamic rupture process. Our investigations have yielded new insights into the effect of unloading path on the rupture dynamics when the fault is reactivated. In Case I, we observed fault reactivations resembling those loading‐induced events characterized by forward sliding. Conversely, in Case II, fault reactivations associated with stress reversal produce mild reversed sliding with lower stress drop and rupture velocity. Furthermore, we find that there is a remarkable reduction in static friction for reversed sliding, indicating that the failure criterion for fault reactivation is influenced by the stress path. We demonstrate that enhanced stress heterogeneity, caused by stress reversal, serves as a mechanism for reduced static friction. These findings contribute to our understanding of the mechanisms underlying fault reactivations, particularly those involving reversed sliding.