Tax sell-to-cover trades by SailPoint (SAIL) CPO under 10b5-1
Rhea-AI Filing Summary
SailPoint, Inc. Chief People Officer Abby Payne reported routine tax-related stock sales under a pre-set Rule 10b5-1 trading plan. On April 7–9, 2026, she sold a total of 41,460 shares of common stock in open-market transactions at weighted average prices of $12.7219, $12.8006, $11.4228, and $12.2100 per share. Footnotes state these trades were executed pursuant to a mandatory sell-to-cover provision in her Restricted Stock Unit Agreement to satisfy tax withholding on vesting, and therefore were not discretionary trades.
After these transactions, Payne directly held 930,506 shares of SailPoint common stock. She is also a trustee for the Abigail McKenzie Goode Trust, Abigail Payne 2024 GST Trust, and Madeleine C. Payne GST Trust, which together hold additional shares; she may be deemed to beneficially own those shares but disclaims beneficial ownership except to the extent of her pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16,138 | $11.4228 | $184K |
| Sale | Common Stock | 792 | $12.21 | $10K |
| Sale | Common Stock | 12,259 | $12.8006 | $157K |
| Sale | Common Stock | 12,271 | $12.7219 | $156K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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 April 7, 2026, the Reporting Person sold 12,271 shares in multiple trades at prices ranging from $12.46 to $13.095 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 April 8, 2026, the Reporting Person sold 12,259 shares in multiple trades at prices ranging from $12.40 to $13.21 per share. On April 9, 2026, the Reporting Person sold 16,138 shares in multiple trades at prices ranging from $11.135 to $12.01 per share. The Reporting Person is a trustee for each of Abigail McKenzie Goode Trust, Abigail Payne 2024 GST Trust, and Madeleine C. Payne GST Trust (together, the "Trusts"). The beneficiary of each of the Trusts is the Reporting Person or an immediate family member of the Reporting Person. As such, the Reporting Person may be deemed to beneficially own all of the shares held by the Trusts; however, the Reporting Person disclaims beneficial ownership of the shares held by the Trusts except to the extent of her pecuniary interest therein.