SAIL Form 144: 50,671 shares via Morgan Stanley on Nasdaq
Rhea-AI Filing Summary
SailPoint, Inc. filed a Form 144 reporting a proposed sale of 50,671 shares of common stock on or about 10/07/2025 through Morgan Stanley Smith Barney LLC on Nasdaq. The shares to be sold were acquired on 10/05/2025 via RSU vesting, paid as compensation. The filing shows an aggregate market value of $1,142,818.53 for the shares listed and reports 556,635,292 shares outstanding. The filer states there were no sales by the person in the prior three months and certifies they are not aware of undisclosed material adverse information.
Positive
- Sale properly disclosed via Form 144 with broker and approximate sale date specified
- Shares sourced from RSU vesting on 10/05/2025, showing compensation origin
- Aggregate market value of the proposed sale is documented as $1,142,818.53
Negative
- None.
Insights
Form 144 documents a proposed Rule 144 sale tied to RSU vesting; timing and broker are specified.
The notice identifies 50,671 shares to be sold through Morgan Stanley Smith Barney LLC on or about 10/07/2025 and records the acquisition as RSU vesting on 10/05/2025. This satisfies the disclosure requirement under Rule 144 to notify of proposed sale when restricted shares are involved.
Primary compliance considerations remain the filer’s representation about lack of undisclosed material information and any applicable holding-period or volume limitations under Rule 144. Monitor whether an adopted trading plan or 10b5-1 instruction is later disclosed, as that would affect the timing and safe-harbor treatment.
The shares originated from RSU vesting and were paid as compensation two days prior to the proposed sale.
The table shows the RSU vest date and payment date as 10/05/2025 and indicates 389,651 RSU units were acquired on that date while 50,671 shares are listed for proposed sale. This implies the sale uses a portion of recently vested compensation rather than a separate open-market transfer of long-held holdings.
Investors may note the filing for short-term liquidity by the holder; watch for any subsequent Form 4 or schedule changes that would show actual sale execution after 10/07/2025.
FAQ
What did SailPoint (SAIL) report on this Form 144?
When were the shares acquired that are being proposed for sale?
What is the aggregate market value and how many shares are outstanding?
Did the filer report any sales in the past three months?
Which broker is handling the proposed sale?