SailPoint CTO sells 35,687 shares for tax withholding
The EVP Product & CTO's trades followed a Rule 10b5-1 plan and the Restricted Stock Unit Agreement's mandatory tax-withholding sell-to-cover provision.
Sentiment and the balance of points
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Rhea-AI Filing Summary
SailPoint, Inc. EVP Product & CTO Gnanasambandam Chandrasekar reported sales totaling 35,687 common shares on October 6 and October 7, 2026. On October 6, he reported sales of 11,579 shares at a weighted average of $20.2676 per share and 1,499 shares at $21.0303; on October 7, he reported sales of 22,522 shares at $19.7098 and 87 shares at $20.4400. The trades were executed under a Rule 10b5-1 trading plan and pursuant to the Restricted Stock Unit Agreement’s mandatory sell-to-cover provision for tax withholding; they consequently were not discretionary trades.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F3, F5 | 22,522 | $19.7098 | $444K |
| Sale | Common Stock F1, F3, F6 | 87 | $20.44 | $2K |
| Sale | Common Stock F1, F2, F3 | 11,579 | $20.2676 | $235K |
| Sale | Common Stock F1, F3, F4 | 1,499 | $21.0303 | $32K |
Footnotes (6)
- F1. 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.
- F2. On October 6, 2026, the Reporting Person sold 11,579 shares in multiple trades at prices ranging from $19.864 to $20.86 per share.
- F3. 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.
- F4. On October 6, 2026, the Reporting Person sold 1,499 shares in multiple trades at prices ranging from $20.865 to $21.22 per share.
- F5. On October 7, 2026, the Reporting Person sold 22,522 shares in multiple trades at prices ranging from $19.409 to $20.40 per share.
- F6. On October 7, 2026, the Reporting Person sold 87 shares in multiple trades at prices ranging from $20.44 to $20.445 per share.
Key Figures
Key Terms
Rule 10b5-1 trading plan regulatory
mandatory sell-to-cover provision financial
Restricted Stock Unit Agreement financial
weighted average sale price financial
tax withholding obligations financial
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