STOCK TITAN

Insider tax sell-to-cover trades at SailPoint (SAIL) disclosed in filing

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

SailPoint, Inc. Chief Accounting Officer Mitra Rezvan reported automatic sales of common stock to cover taxes from vesting restricted stock units. On January 6, 2026, Rezvan sold 4,491 shares at a weighted average price of $19.2309 per share. On January 7, 2026, Rezvan sold 3,821 shares at a weighted average price of $19.9028 per share, and on January 8, 2026, sold 3,782 shares at a weighted average price of $19.5711 per share.

The filing states these trades were made under a Rule 10b5-1 trading plan and pursuant to a mandatory sell-to-cover provision for tax withholding, so they are not discretionary trades. After the last transaction, Rezvan beneficially owned 119,109 shares of SailPoint common stock directly.

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*
REZVAN MITRA

(Last) (First) (Middle)
C/O SAILPOINT, INC.
11120 FOUR POINTS DR., 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)
Chief Accounting Officer
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) 4,491 D $19.2309(2)(3) 126,712 D
Common Stock 01/07/2026 S(1) 3,821 D $19.9028(3)(4) 122,891 D
Common Stock 01/08/2026 S(1) 3,782 D $19.5711(3)(5) 119,109 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 4,491 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 3,821 shares in multiple trades at prices ranging from $19.455 to $20.23 per share.
5. On January 8, 2026, the Reporting Person sold 3,782 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 does SailPoint (SAIL) disclose in this Form 4 filing?

The filing discloses that Mitra Rezvan, Chief Accounting Officer of SailPoint, Inc., sold shares of common stock in three transactions on January 6, 7 and 8, 2026 under a Rule 10b5-1 trading plan and a mandatory sell-to-cover provision for RSU tax withholding.

How many SailPoint shares did the insider sell and at what prices?

Rezvan sold 4,491 shares at a weighted average price of $19.2309 on January 6, 2026, 3,821 shares at $19.9028 on January 7, 2026, and 3,782 shares at $19.5711 on January 8, 2026.

Were the SailPoint insider sales discretionary trades?

No. The filing explains that the trades were executed under a Rule 10b5-1 trading plan and a mandatory sell-to-cover provision in Rezvan's restricted stock unit agreement for tax withholding, so they are not discretionary trades.

How many SailPoint shares does the insider own after these transactions?

After the reported sales, Mitra Rezvan beneficially owned 119,109 shares of SailPoint common stock directly.

What role does the reporting person hold at SailPoint (SAIL)?

The reporting person, Mitra Rezvan, is an officer of SailPoint and serves as the company's Chief Accounting Officer.

What is the significance of the Rule 10b5-1 trading plan in this SailPoint Form 4?

The Rule 10b5-1 plan indicates that the sales were made under a pre-established trading arrangement, which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) and helps show the trades were not timed based on inside information.

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