SailPoint counsel Christopher Schmitt sells 44,410 shares
The plan and restricted stock unit agreement tied the sales to tax withholding at vesting, and the transactions were described as non-discretionary.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
SailPoint, Inc. General Counsel and Secretary Christopher Schmitt reported direct sales of 18,631 shares at a weighted average sale price of $20.2676 per share and 2,412 shares at $21.0303 on October 6, 2026; on October 7, he sold 23,277 shares at $19.7098 and 90 shares at $20.4400. All four sales were under a Rule 10b5-1 trading plan and a mandatory sell-to-cover provision for tax withholding tied to restricted stock unit vesting. The footnote states the trades were not discretionary.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F3, F5 | 23,277 | $19.7098 | $459K |
| Sale | Common Stock F1, F3, F6 | 90 | $20.44 | $2K |
| Sale | Common Stock F1, F2, F3 | 18,631 | $20.2676 | $378K |
| Sale | Common Stock F1, F3, F4 | 2,412 | $21.0303 | $51K |
Footnotes (6)
- F1. These trades were executed under a Rule 10b5-1 trading plan and pursuant to a mandatory sell-to-cover provision in the Reporting Person's underlying Restricted Stock Unit Agreement for the satisfaction of tax withholding obligations in connection with the vesting of restricted stock units and consequently do not represent discretionary trades by the Reporting Person.
- F2. On October 6, 2026, the Reporting Person sold 18,631 shares in multiple trades at prices ranging from $19.864 to $20.86 per share.
- F3. The price reported above reflects the weighted average sale price. 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.
- F4. On October 6, 2026, the Reporting Person sold 2,412 shares in multiple trades at prices ranging from $20.865 to $21.22 per share.
- F5. On October 7, 2026, the Reporting Person sold 23,277 shares in multiple trades at prices ranging from $19.409 to $20.40 per share.
- F6. On October 7, 2026, the Reporting Person sold 90 shares in multiple trades at prices ranging from $20.44 to $20.445 per share.
Key Figures
Key Terms
Rule 10b5-1 trading plan regulatory
mandatory sell-to-cover provision financial
Restricted Stock Unit Agreement financial
weighted average sale price financial
FAQ
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