SailPoint (SAIL) CEO receives 1.50M-share equity award in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McClain Mark D. reported acquisition or exercise transactions in this Form 4 filing.
SailPoint, Inc. Chief Executive Officer Mark D. McClain reported an equity award of 1,498,371 shares of common stock on a Form 4. The award was recorded at a price of $0.00 per share and increased his directly held stake to 8,532,788 shares of common stock.
He is also listed as holding shares indirectly through the McClain GMM 2015 Trust and the Paul N. McClain Gift Trust, which together reported 69,339 shares after the transactions. The filing notes he may be deemed to beneficially own these trust shares but disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
McClain Mark D.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,498,371 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,532,788 shares (Direct);
Common Stock — 52,004 shares (Indirect, By McClain GMM 2015 Trust)
Footnotes (1)
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FAQ
What insider transaction did SailPoint (SAIL) report for CEO Mark D. McClain?
SailPoint reported that CEO Mark D. McClain received an equity award of 1,498,371 shares of common stock. The shares were granted at $0.00 per share, reflecting a stock-based compensation award rather than an open-market purchase.
What does the transaction code on SailPoint (SAIL) CEO’s Form 4 indicate?
The Form 4 uses transaction code A, described as a grant, award, or other acquisition of common stock. This indicates the 1,498,371 shares were received as an equity award, not purchased or sold in the open market.