SailPoint (SAIL) president sells shares under Rule 10b5-1 tax plan
Rhea-AI Filing Summary
SailPoint, Inc. president Matt Mills reported automatic sales of common stock tied to restricted stock unit (RSU) vesting and related tax obligations. On January 6, 2026 he sold 21,345 shares at a weighted average price of $19.2309 per share, on January 7, 2026 he sold 18,159 shares at a weighted average price of $19.9028, and on January 8, 2026 he sold 13,771 shares at a weighted average price of $19.5711.
According to the footnotes, these transactions were executed under a Rule 10b5-1 trading plan and a mandatory sell-to-cover provision in his RSU agreement to satisfy tax withholding, so they are not discretionary trades. After the reported sales, Mills directly owned 1,850,983 shares of SailPoint common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 13,771 | $19.5711 | $270K |
| Sale | Common Stock | 18,159 | $19.9028 | $361K |
| Sale | Common Stock | 21,345 | $19.2309 | $410K |
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 21,345 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 18,159 shares in multiple trades at prices ranging from $19.455 to $20.23 per share. On January 8, 2026, the Reporting Person sold 13,771 shares in multiple trades at prices ranging from $19.415 to $20.08 per share.
FAQ
What insider activity did SailPoint (SAIL) disclose in this Form 4?
The filing shows that president Matt Mills sold SailPoint common stock in three transactions on January 6, 7, and 8, 2026 tied to RSU vesting and tax withholding.
Were any derivative securities involved in this SailPoint Form 4 filing?
No derivative securities are listed in Table II; the reported transactions involve only non-derivative common stock.
What is the role of Matt Mills at SailPoint in this filing?
The reporting person, Matt Mills, is identified as an officer of SailPoint with the title President, and is not marked as a director or 10% owner.