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.
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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.
How many SailPoint shares did Matt Mills sell and at what prices?
Mills sold 21,345 shares at a weighted average price of $19.2309 on January 6, 18,159 shares at $19.9028 on January 7, and 13,771 shares at $19.5711 on January 8, 2026.
Why did the SailPoint president sell these shares according to the Form 4?
The footnotes state the sales were under a Rule 10b5-1 trading plan and a mandatory sell-to-cover provision in his RSU agreement to satisfy tax withholding obligations, so they were not discretionary trades.
How many SailPoint shares does Matt Mills own after these transactions?
Following the reported transactions, Matt Mills directly owned 1,850,983 shares of SailPoint common stock.
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.