[Form 4] SailPoint, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SailPoint, Inc. Chief Executive Officer Mark D. McClain reported open-market sales of 227,464 shares of Common Stock from April 7–9, 2026. The trades were executed under a Rule 10b5-1 trading plan and pursuant to a mandatory sell-to-cover provision in his Restricted Stock Unit Agreement to satisfy tax withholding obligations on vested restricted stock units, so they were not discretionary trades.
Following these transactions, McClain directly holds 8,305,324 SailPoint shares. He is also trustee for the McClain GMM 2015 Trust, which holds 52,004 shares, and the Paul N. McClain Gift Trust, which holds 17,335 shares, and he disclaims beneficial ownership of those trust shares except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 227,464 shares ($2,781,833)
Net Sell
6 txns
Insider
McClain Mark D.
Role
Chief Executive Officer
Sold
227,464 shs ($2.78M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 88,532 | $11.4228 | $1.01M |
| Sale | Common Stock | 4,342 | $12.21 | $53K |
| Sale | Common Stock | 67,262 | $12.8006 | $861K |
| Sale | Common Stock | 67,328 | $12.7219 | $857K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,309,666 shares (Direct);
Common Stock — 52,004 shares (Indirect, By McClain GMM 2015 Trust)
Footnotes (1)
- 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. On April 7, 2026, the Reporting Person sold 67,328 shares in multiple trades at prices ranging from $12.46 to $13.095 per share. 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. On April 8, 2026, the Reporting Person sold 67,262 shares in multiple trades at prices ranging from $12.40 to $13.21 per share. On April 9, 2026, the Reporting Person sold 88,532 shares in multiple trades at prices ranging from $11.135 to $12.01 per share. The Reporting Person is a trustee for each of McClain GMM 2015 Trust and Paul N. McClain Gift Trust (together, the "Trusts"). The beneficiary of each of the Trusts is an immediate family member of the Reporting Person. As such, the Reporting Person may be deemed to beneficially own all of the shares held by the Trusts; however, the Reporting Person disclaims beneficial ownership of the shares held by the Trusts except to the extent of his pecuniary interest therein.
Key Figures
Total shares sold: 227,464 shares
April 7 sale price: $12.7219/share
April 8 sale price: $12.8006/share
+4 more
7 metrics
Total shares sold
227,464 shares
Open-market sales from April 7–9, 2026
April 7 sale price
$12.7219/share
Common Stock sale on April 7, 2026
April 8 sale price
$12.8006/share
Common Stock sale on April 8, 2026
April 9 sale prices
$11.4228 & $12.2100/share
Common Stock sales on April 9, 2026
Direct holdings after sales
8,305,324 shares
Common Stock directly held after April 9, 2026
McClain GMM 2015 Trust holdings
52,004 shares
Indirect ownership via McClain GMM 2015 Trust
Paul N. McClain Gift Trust holdings
17,335 shares
Indirect ownership via Paul N. McClain Gift Trust
Key Terms
Rule 10b5-1 trading plan, mandatory sell-to-cover provision, Restricted Stock Unit Agreement, tax withholding obligations, +2 more
6 terms
Rule 10b5-1 trading plan financial
"These trades were executed under a Rule 10b5-1 trading plan and pursuant to a mandatory sell-to-cover provision"
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.
mandatory sell-to-cover provision financial
"pursuant to a mandatory sell-to-cover provision in the Reporting Person's underlying Restricted Stock Unit Agreement"
Restricted Stock Unit Agreement financial
"underlying Restricted Stock Unit Agreement for the satisfaction of tax withholding obligations"
A restricted stock unit agreement is a written contract between a company and an individual that describes a promise to deliver company shares or cash later, subject to conditions such as time-based vesting or performance targets. Think of it like a timed gift: the recipient only receives the shares if they meet the agreed conditions. Investors care because these agreements create future share issuance, affect potential dilution, corporate expenses and incentives for insiders, and influence when insiders may sell shares.
tax withholding obligations financial
"for the satisfaction of tax withholding obligations in connection with the vesting of restricted stock units"
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
pecuniary interest financial
"disclaims beneficial ownership of the shares held by the Trusts except to the extent of his pecuniary interest therein"
