SailPoint (SAIL) EVP Product & CTO receives 488,599-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SailPoint, Inc. executive Gnanasambandam Chandrasekar, EVP Product & CTO, reported an acquisition of 488,599 shares of common stock as a grant or award with a stated price of $0.0000 per share. After this award, his directly held common stock totaled 1,005,950 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gnanasambandam Chandrasekar
Role
EVP Product & CTO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 488,599 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,005,950 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did SailPoint (SAIL) report for Gnanasambandam Chandrasekar?
SailPoint reported that EVP Product & CTO Gnanasambandam Chandrasekar acquired 488,599 shares of common stock through a grant or award. The transaction was recorded at a price of $0.0000 per share and increased his directly held stake to 1,005,950 shares.
Was the SailPoint (SAIL) insider transaction a purchase or an award?
The transaction was classified as a grant or award acquisition, not an open-market purchase. Form 4 data identifies it with transaction code A, described as a grant, award, or other acquisition, with a reported price of $0.0000 per share for 488,599 common shares.
What role does the SailPoint (SAIL) insider in this Form 4 hold at the company?
The reporting person, Gnanasambandam Chandrasekar, serves as SailPoint’s EVP Product & CTO. The Form 4 shows his status as an officer, not a director or 10% owner, and reports his acquisition of 488,599 shares of common stock via a grant or award.
What does transaction code A mean in the SailPoint (SAIL) Form 4 filing?
In this filing, transaction code A signifies a grant, award, or other acquisition of securities. The Form 4 specifies that Chandrasekar received 488,599 shares of SailPoint common stock under this code, at a stated price of $0.0000 per share, increasing his direct holdings.