Insider tax sell-to-cover trades at SailPoint (SAIL) disclosed in filing
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
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.
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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
How many SailPoint shares did the insider sell and at what prices?
Rezvan sold 4,491 shares at a weighted average price of
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.