SailPoint (SAIL) CAO Mitra Rezvan sells 7,487 shares in planned trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SailPoint, Inc. Chief Accounting Officer Mitra Rezvan reported an open‑market sale of 7,487 shares of common stock at $20 per share. The transaction occurred on June 1, 2026 under a pre‑arranged Rule 10b5‑1 trading plan. After the sale, Rezvan directly holds 189,476 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 7,487 shares ($149,740)
Net Sell
1 txn
Insider
REZVAN MITRA
Role
Chief Accounting Officer
Sold
7,487 shs ($150K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,487 | $20.00 | $150K |
Holdings After Transaction:
Common Stock — 189,476 shares (Direct, null)
Footnotes (1)
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 26, 2025 (the "10b5-1 Plan"). The number of shares to be sold under the 10b5-1 Plan is based on a designated percentage (ranging from 10% to 30%) of the net number of shares resulting from equity vestings on the dates specified in the 10b5-1 Plan, which terminates no later than January 31, 2027, regardless of whether the maximum number of shares have been sold. On June 1, 2026, pursuant to the 10b5-1 Plan, the reporting person sold 7,487 shares in multiple trades, each at $20 per share. The reporting person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were effected.
Key Figures
Shares sold: 7,487 shares
Sale price: $20.00 per share
Shares held after transaction: 189,476 shares
+2 more
5 metrics
Shares sold
7,487 shares
Open-market sale on June 1, 2026
Sale price
$20.00 per share
Price for each share sold on June 1, 2026
Shares held after transaction
189,476 shares
Direct holdings following the sale
Rule 10b5-1 plan adoption date
December 26, 2025
Date the trading plan was adopted
Rule 10b5-1 plan end date
January 31, 2027
Latest termination date of trading plan
Key Terms
Rule 10b5-1 trading plan, open-market sale, equity vestings, Securities and Exchange Commission
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
equity vestings financial
"based on a designated percentage (ranging from 10% to 30%) of the net number of shares resulting from equity vestings..."
Securities and Exchange Commission regulatory
"provide to the Securities and Exchange Commission staff, the Issuer, or any security holder..."
A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.
FAQ
What did SailPoint (SAIL) executive Mitra Rezvan report in this Form 4?
Mitra Rezvan reported selling 7,487 shares of SailPoint common stock at $20 per share. The transaction was an open‑market sale and was executed under a pre‑arranged Rule 10b5‑1 trading plan adopted in December 2025.
Was the SailPoint (SAIL) insider sale by Mitra Rezvan under a Rule 10b5-1 plan?
Yes. The filing states the sales were effected under a Rule 10b5‑1 trading plan adopted on December 26, 2025. The plan specifies selling a designated percentage of net shares from equity vestings through no later than January 31, 2027.
What role does Mitra Rezvan hold at SailPoint (SAIL) in this Form 4?
Mitra Rezvan is identified as the Chief Accounting Officer of SailPoint. As an officer, she is required to report transactions in SailPoint common stock, such as this 7,487‑share open‑market sale, on Form 4 to the Securities and Exchange Commission.