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 $19.2309 per share, followed by 10,130 shares at $19.9028 on January 7 and 4,507 shares at $19.5711 on January 8.
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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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,507 | $19.5711 | $88K |
| Sale | Common Stock | 10,130 | $19.9028 | $202K |
| Sale | Common Stock | 11,908 | $19.2309 | $229K |
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 January 6, 2026, the Reporting Person sold 11,908 shares in multiple trades at prices ranging from $18.93 to $19.63 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 January 7, 2026, the Reporting Person sold 10,130 shares in multiple trades at prices ranging from $19.455 to $20.23 per share. On January 8, 2026, the Reporting Person sold 4,507 shares in multiple trades at prices ranging from $19.415 to $20.08 per share.
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.
At what prices were the SailPoint (SAIL) insider sales executed?
The Form 4 reports weighted average sale prices of $19.2309 on January 6, $19.9028 on January 7, and $19.5711 on January 8, 2026.
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.
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.