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SailPoint (SAIL) president sells shares under Rule 10b5-1 tax plan

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

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.
SEC Form 4
FORM 4 UNITED 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 TX 78726

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SailPoint, Inc. [ SAIL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President
3. Date of Earliest Transaction (Month/Day/Year)
01/06/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 01/06/2026 S(1) 21,345 D $19.2309(2)(3) 1,882,913 D
Common Stock 01/07/2026 S(1) 18,159 D $19.9028(3)(4) 1,864,754 D
Common Stock 01/08/2026 S(1) 13,771 D $19.5711(3)(5) 1,850,983 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount 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 January 6, 2026, the Reporting Person sold 21,345 shares in multiple trades at prices ranging from $18.93 to $19.63 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 January 7, 2026, the Reporting Person sold 18,159 shares in multiple trades at prices ranging from $19.455 to $20.23 per share.
5. 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.
Remarks:
/s/ Ryan Clyde, attorney-in-fact 01/08/2026
** Signature of Reporting Person Date
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.

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.

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