SailPoint (SAIL) GC Schmitt logs Jan 10b5-1 tax-cover sales of shares
Rhea-AI Filing Summary
SailPoint, Inc. insider Christopher Schmitt, the company’s General Counsel and Secretary, reported automatic sales of common stock in early January 2026. On January 6, 2026, he sold 11,908 shares at a weighted average price of
The filing states these trades were executed under a Rule 10b5-1 trading plan and pursuant to a mandatory sell-to-cover provision to satisfy tax withholding obligations tied to vesting restricted stock units, meaning they are not discretionary trades. After these transactions, Schmitt directly held 1,043,319 shares of SailPoint common stock.
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FAQ
What insider transactions did SailPoint (SAIL) report in January 2026?
The report shows General Counsel and Secretary Christopher Schmitt sold SailPoint common stock on January 6, 7, and 8, 2026, in three separate transactions.
How many SailPoint (SAIL) shares did Christopher Schmitt sell in these Form 4 transactions?
Schmitt sold 11,908 shares on January 6, 10,130 shares on January 7, and 4,507 shares on January 8, 2026.
At what prices were the SailPoint (SAIL) insider sales executed?
The Form 4 reports weighted average sale prices of
Were the SailPoint (SAIL) insider stock sales discretionary trades?
No. The filing explains the trades were made under a Rule 10b5-1 trading plan and a mandatory sell-to-cover provision to satisfy tax withholding on vesting restricted stock units.
How many SailPoint (SAIL) shares does Christopher Schmitt hold after these sales?
Following the reported transactions, Schmitt directly beneficially owned 1,043,319 shares of SailPoint common stock.
What does a Rule 10b5-1 trading plan mean for these SailPoint (SAIL) insider sales?
The filing notes the sales were executed under a Rule 10b5-1 plan, which is a pre-arranged trading program intended to allow insiders to sell shares according to a set schedule or formula.