SAIL Form 4: Executive sold 52,739 shares across Oct 7–9, 2025

Q: Were the Form 4 sales discretionary trades or mandatory withholdings?

The filings state these were mandatory sell-to-cover transactions executed under the Reporting Person's RSU agreement to cover tax obligations, not discretionary sales.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

SailPoint insider sales related to RSU tax withholding reduced holdings by 52,739 shares. The reporting person, Gnanasambandam Chandrasekar, Executive Vice President & CTO, reported multiple non-discretionary sales executed under a mandatory sell-to-cover provision tied to vesting restricted stock units on 10/07/2025–10/09/2025. The weighted-average prices reported range between $21.815 and $23.755, with the Form 4 listing weighted-average sale prices for individual trade groups between $22.1332 and $22.4234. Following these transactions the reporting person beneficially owned 531,080 shares (direct ownership).

Positive

Sales were mandatory sell-to-cover tied to RSU vesting, indicating they were for tax withholding rather than discretionary liquidation
Reporting shows continued substantial insider ownership with 531,080 shares remaining after the transactions

Negative

Insider disposed of 52,739 shares over three days, which is a visible reduction in holdings even if non-discretionary
Multiple trade price ranges may reflect execution across market conditions, producing a spread from $21.79 to $23.755

Insights

Sale activity reflects mandatory tax-withholding on vested RSUs, not discretionary cashing out.

The transactions are identified as sell-to-cover dispositions tied to vested restricted stock units; the filer sold a total of 52,739 shares across 10/07/2025–10/09/2025 to satisfy tax obligations. The filings show weighted-average sale prices for groups of trades between $22.1332 and $22.4234, with trade price ranges disclosed per group.

Key dependency is the timing of vesting events that triggered mandatory withholding; there is no indication of voluntary, planned, or Rule 10b5-1 trading. Investors can monitor future RSU vesting schedules and subsequent Form 4s for similar automatic sell-to-cover activity over the next 12 months.

Size of sales is small relative to reported direct ownership, so market impact is limited.

After the reported sales the reporting person holds 531,080 shares, implying the disposed 52,739 shares represent a modest portion of insider holdings. The transactions occurred over three calendar days and used multiple trade prices, which reduces single-order market shock.

Materiality depends on company float and daily volume; absent evidence of additional planned sales, these mandatory withholdings are unlikely to change capitalization or signal a change in executive view within the near term.

Insider Trade Summary

Net Seller: 52,739 shares ($1,184,542)

Net Sell 5 txns

Insider Gnanasambandam Chandrasekar

Role EVP Product & CTO

Sold 52,739 shs ($1.18M)

Type	Security	Shares	Price	Value
Sale	Common Stock	27,174	$22.4234	$609K
Sale	Common Stock	10,491	$22.3403	$234K
Sale	Common Stock	2,420	$22.9103	$55K
Sale	Common Stock	7,834	$22.1332	$173K
Sale	Common Stock	4,820	$23.2369	$112K

Holdings After Transaction: Common Stock — 531,080 shares (Direct)

Footnotes (1)

These trades were executed 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 October 7, 2025, the Reporting Person sold 7,834 shares in multiple trades at prices ranging from $21.815 to $22.81 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 October 7, 2025, the Reporting Person sold 4,820 shares in multiple trades at prices ranging from $22.84 to $23.755 per share. On October 8, 2025, the Reporting Person sold 10,491 shares in multiple trades at prices ranging from $21.79 to $22.785 per share. On October 8, 2025, the Reporting Person sold 2,420 shares in multiple trades at prices ranging from $22.79 to $23.09 per share. On October 9, 2025, the Reporting Person sold 27,174 shares in multiple trades at prices ranging from $21.85 to $22.82 per share.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

10/09/2025 - 07:33 PM

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).

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^*

Gnanasambandam Chandrasekar

(Last)

(First)

(Middle)

C/O SAILPOINT, INC.

11120 FOUR POINTS DR., SUITE 100

(Street)

AUSTIN

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)
	EVP Product & CTO

3. Date of Earliest Transaction (Month/Day/Year)
10/07/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/07/2025		S⁽¹⁾		7,834	D	$22.1332⁽²⁾⁽³⁾	575,985	D
Common Stock	10/07/2025		S⁽¹⁾		4,820	D	$23.2369⁽³⁾⁽⁴⁾	571,165	D
Common Stock	10/08/2025		S⁽¹⁾		10,491	D	$22.3403⁽³⁾⁽⁵⁾	560,674	D
Common Stock	10/08/2025		S⁽¹⁾		2,420	D	$22.9103⁽³⁾⁽⁶⁾	558,254	D
Common Stock	10/09/2025		S⁽¹⁾		27,174	D	$22.4234⁽³⁾⁽⁷⁾	531,080	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. These trades were executed 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 October 7, 2025, the Reporting Person sold 7,834 shares in multiple trades at prices ranging from $21.815 to $22.81 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 October 7, 2025, the Reporting Person sold 4,820 shares in multiple trades at prices ranging from $22.84 to $23.755 per share.

5. On October 8, 2025, the Reporting Person sold 10,491 shares in multiple trades at prices ranging from $21.79 to $22.785 per share.

6. On October 8, 2025, the Reporting Person sold 2,420 shares in multiple trades at prices ranging from $22.79 to $23.09 per share.

7. On October 9, 2025, the Reporting Person sold 27,174 shares in multiple trades at prices ranging from $21.85 to $22.82 per share.

Remarks:

	/s/ Ryan Clyde, attorney-in-fact	10/09/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did SailPoint (SAIL) insider Gnanasambandam Chandrasekar report on Form 4?

The insider reported non-discretionary sell-to-cover sales of 52,739 shares to satisfy tax withholding on vested RSUs between 10/07/2025 and 10/09/2025.

Were the Form 4 sales discretionary trades or mandatory withholdings?

The filings state these were mandatory sell-to-cover transactions executed under the Reporting Person's RSU agreement to cover tax obligations, not discretionary sales.

What prices were reported for the SAIL insider sales?

The reported weighted-average prices per trade group range from $22.1332 to $22.4234, with individual trade ranges between $21.79 and $23.755.

How many shares did the insider own after these transactions?

Following the reported transactions the insider beneficially owned 531,080 shares (direct ownership).

Do these Form 4 trades indicate future planned sales under a 10b5-1 plan?

No indication of a Rule 10b5-1 plan is provided; the Form 4 notes the trades were mandatory sell-to-cover for RSU tax withholding.