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  4. [Form 4] SailPoint, Inc. Insider Trading Activity

SailPoint (SAIL) president sells 83,688 shares via 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

SailPoint, Inc. President Matt Mills reported open-market sales of company common stock carried out under a pre-arranged Rule 10b5-1 trading plan. Over April 7–9, 2026, he sold a total of 83,688 shares at weighted average prices generally between about $11 and $13 per share.

The footnotes state these trades were made pursuant to a mandatory sell-to-cover provision in his restricted stock unit agreement to satisfy tax withholding obligations upon RSU vesting, so they are not discretionary trades. After these transactions, Mills directly holds 2,451,334 SailPoint shares.

Positive

  • None.

Negative

  • None.
Insider Mills Matt
Role President
Sold 83,688 shs ($1.02M)
Type Security Shares Price Value
Sale Common Stock 32,573 $11.4228 $372K
Sale Common Stock 1,598 $12.21 $20K
Sale Common Stock 24,746 $12.8006 $317K
Sale Common Stock 24,771 $12.7219 $315K
Holdings After Transaction: Common Stock — 2,452,932 shares (Direct)
Footnotes (1)
  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 24,771 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 24,746 shares in multiple trades at prices ranging from $12.40 to $13.21 per share. On April 9, 2026, the Reporting Person sold 32,573 shares in multiple trades at prices ranging from $11.135 to $12.01 per share.
Total shares sold 83,688 shares Aggregate open-market sales on April 7–9, 2026
April 9 sale size 32,573 shares Common stock sold on April 9, 2026
April 9 weighted average price $11.4228/share Reported average sale price for April 9, 2026
April 8 sale size 24,746 shares Common stock sold on April 8, 2026
April 8 weighted average price $12.8006/share Reported average sale price for April 8, 2026
April 7 sale size 24,771 shares Common stock sold on April 7, 2026
April 7 weighted average price $12.7219/share Reported average sale price for April 7, 2026
Shares held after transactions 2,451,334 shares Direct ownership after April 9, 2026 sales
Rule 10b5-1 trading plan regulatory
"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
"mandatory sell-to-cover provision in the Reporting Person's 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.
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Mills Matt
(Last)(First)(Middle)
C/O SAILPOINT TECHNOLOGIES HOLDINGS, INC
11120 FOUR POINTS DRIVE, SUITE 100
(Street)
AUSTIN TEXAS 78726
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
SailPoint, Inc. [ SAIL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/07/2026S(1)24,771D$12.7219(2)(3)2,510,251D
Common Stock04/08/2026S(1)24,746D$12.8006(3)(4)2,485,505D
Common Stock04/09/2026S(1)32,573D$11.4228(3)(5)2,452,932D
Common Stock04/09/2026S(1)1,598D$12.212,451,334D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
2. On April 7, 2026, the Reporting Person sold 24,771 shares in multiple trades at prices ranging from $12.46 to $13.095 per share.
3. 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.
4. On April 8, 2026, the Reporting Person sold 24,746 shares in multiple trades at prices ranging from $12.40 to $13.21 per share.
5. On April 9, 2026, the Reporting Person sold 32,573 shares in multiple trades at prices ranging from $11.135 to $12.01 per share.
Remarks:
/s/ Ryan Clyde, attorney-in-fact04/09/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did SailPoint (SAIL) President Matt Mills report in this Form 4?

Matt Mills reported selling SailPoint common stock in several open-market transactions. These trades occurred over April 7–9, 2026 and were executed under a Rule 10b5-1 trading plan linked to his restricted stock unit vesting and related tax obligations.

How many SailPoint (SAIL) shares did Matt Mills sell and over what period?

Matt Mills sold 83,688 SailPoint common shares in total. The sales took place on April 7, 8, and 9, 2026, in multiple trades each day at various prices within a disclosed range for each trading date.

At what prices were Matt Mills’ SailPoint (SAIL) shares sold?

The reported sales were made at weighted average prices around the low-teens per share. Footnotes state trades ranged from $11.135 to $13.21 per share across the three days, with individual daily weighted average sale prices reported in the Form 4.

Does this SailPoint (SAIL) Form 4 indicate discretionary selling by Matt Mills?

The filing states the transactions were under a Rule 10b5-1 trading plan and a mandatory sell-to-cover provision. This means the sales were pre-arranged and driven by tax withholding needs on restricted stock unit vesting, rather than discretionary timing decisions by Mills.

How many SailPoint (SAIL) shares does Matt Mills hold after these transactions?

Following the reported sales, Matt Mills directly owns 2,451,334 SailPoint common shares. This post-transaction holding is disclosed in the Form 4 tables for each transaction and reflects his remaining direct equity stake after the April 2026 trades.

What is a Rule 10b5-1 trading plan in the context of SailPoint (SAIL)?

A Rule 10b5-1 trading plan allows insiders to pre-schedule trades according to set instructions. In this case, the plan governed sales tied to mandatory sell-to-cover provisions for tax withholding on restricted stock units, helping separate trading activity from day-to-day discretion.