SailPoint president sells shares under 10b5-1 plan

SailPoint, Inc. president Matt Mills reported routine share sales tied to tax withholding obligations.

Rhea-AI Filing Summary

SailPoint, Inc. president Matt Mills reported routine share sales tied to tax withholding obligations. On July 7–8, 2026, he sold a total of 77,797 shares of common stock in three open-market transactions at weighted average prices of $16.729, $16.0515, and $15.4152 per share. After these sales, he directly held 2,373,537 shares of SailPoint common stock. The company notes the trades were executed under a Rule 10b5-1 trading plan and pursuant to a mandatory sell-to-cover provision in his Restricted Stock Unit Agreement to satisfy tax withholding on RSU vesting, so they are not discretionary trades.

Insider Trade Summary 10b5-1

Net Seller: 77,797 shares

Net Sell 3 txns

Insider Mills Matt

Role President

Sold 77,797 shs ($1.24M)

Type	Security	Shares	Price	Value
Sale	Common Stock	34,312	$15.4152	$529K
Sale	Common Stock	28,280	$16.0515	$454K
Sale	Common Stock	15,205	$16.729	$254K

Holdings After Transaction: Common Stock — 2,373,537 shares (Direct)

Footnotes (5)

1. 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.
2. F2. On July 7, 2026, the Reporting Person sold 28,280 shares in multiple trades at prices ranging from $15.55 to $16.545 per share.
3. 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.
4. F4. On July 7, 2026, the Reporting Person sold 15,205 shares in multiple trades at prices ranging from $16.55 to $16.95 per share.
5. F5. On July 8, 2026, the Reporting Person sold 34,312 shares in multiple trades at prices ranging from $15.115 to $16.015 per share.

Key Figures

Total shares sold: 77,797 shares Shares held after transactions: 2,373,537 shares Weighted average price (sale 1): $16.729 per share +2 more

5 metrics

Total shares sold 77,797 shares Open-market sales on July 7–8, 2026

Shares held after transactions 2,373,537 shares Direct ownership following July 8, 2026 sale

Weighted average price (sale 1) $16.729 per share Open-market sale of 15,205 shares on July 7, 2026

Weighted average price (sale 2) $16.0515 per share Open-market sale of 28,280 shares on July 7, 2026

Weighted average price (sale 3) $15.4152 per share Open-market sale of 34,312 shares on July 8, 2026

Key Terms

Rule 10b5-1 trading plan, Restricted Stock Unit Agreement, weighted average sale price, sell-to-cover

4 terms

Rule 10b5-1 trading plan regulatory

"These trades were executed under a Rule 10b5-1 trading plan and pursuant to a mandatory sell-to-cover provision..."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

Restricted Stock Unit Agreement financial

"pursuant to a mandatory sell-to-cover provision in the Reporting Person's underlying Restricted Stock Unit Agreement for the satisfaction of tax withholding..."

A restricted stock unit agreement is a written contract between a company and an individual that describes a promise to deliver company shares or cash later, subject to conditions such as time-based vesting or performance targets. Think of it like a timed gift: the recipient only receives the shares if they meet the agreed conditions. Investors care because these agreements create future share issuance, affect potential dilution, corporate expenses and incentives for insiders, and influence when insiders may sell shares.

weighted average sale price financial

"The price reported above reflects the weighted average sale price."

sell-to-cover financial

"pursuant to a mandatory sell-to-cover provision in the Reporting Person's underlying Restricted Stock Unit Agreement..."

Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did SailPoint (SAIL) president Matt Mills report in this Form 4?

Matt Mills reported selling 77,797 shares of SailPoint common stock on July 7–8, 2026. The sales occurred in three open-market transactions and were linked to tax withholding obligations under his restricted stock unit agreement.

How many SailPoint (SAIL) shares does Matt Mills hold after these transactions?

After the reported transactions, Matt Mills directly holds 2,373,537 shares of SailPoint common stock. This remaining position shows the reported sales represent a small portion of his overall ownership stake in the company.

At what prices did Matt Mills sell SailPoint (SAIL) shares in July 2026?

Matt Mills’ Form 4 shows weighted average sale prices of $16.729, $16.0515, and $15.4152 per share. Footnotes explain each block comprised multiple trades within price ranges disclosed in the filing’s detailed notes.

Were Matt Mills’ SailPoint (SAIL) share sales discretionary trades?

The filing states these trades were executed under a Rule 10b5-1 trading plan and a mandatory sell-to-cover provision. They were made to satisfy tax withholding on vesting RSUs and therefore are not discretionary timing decisions by Matt Mills.

Why did SailPoint (SAIL) president Matt Mills sell shares according to the Form 4?

The Form 4 explains the sales were pursuant to a mandatory sell-to-cover provision in his Restricted Stock Unit Agreement. Shares were sold to cover tax withholding obligations triggered when restricted stock units vested.

How many SailPoint (SAIL) share sale transactions did Matt Mills report?

Matt Mills reported three non-derivative sale transactions of common stock. Two occurred on July 7, 2026, and one on July 8, 2026, all described as open-market sales with weighted average prices and detailed ranges in the footnotes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/09/2026 - 04:46 PM Learn about SEC filing dates

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^*

Mills Matt

(Last) (First) (Middle)

C/O SAILPOINT TECHNOLOGIES HOLDINGS, INC

11120 FOUR POINTS DRIVE, SUITE 100

(Street)

AUSTIN TEXAS 78726

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	07/07/2026		S(1)		28,280	D	$16.0515(2)(3)	2,423,054	D
Common Stock	07/07/2026		S(1)		15,205	D	$16.729(3)(4)	2,407,849	D
Common Stock	07/08/2026		S(1)		34,312	D	$15.4152(3)(5)	2,373,537	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 July 7, 2026, the Reporting Person sold 28,280 shares in multiple trades at prices ranging from $15.55 to $16.545 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 July 7, 2026, the Reporting Person sold 15,205 shares in multiple trades at prices ranging from $16.55 to $16.95 per share.

5. On July 8, 2026, the Reporting Person sold 34,312 shares in multiple trades at prices ranging from $15.115 to $16.015 per share.

Remarks:

	/s/ Ryan Clyde, attorney-in-fact	07/09/2026
	** 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.
* Form 4: SEC 1474 (03-26)