SailPoint (SAIL) CPO Abby Payne logs Rule 10b5-1 tax-driven stock sales
Rhea-AI Filing Summary
SailPoint, Inc. Chief People Officer Abby Payne reported open-market sales of company common stock that were executed automatically under a Rule 10b5-1 trading plan. The trades were made pursuant to a mandatory sell-to-cover provision tied to the vesting of restricted stock units to satisfy tax withholding obligations, rather than discretionary selling.
On July 7–8, 2026, Payne sold a total of 38,541 shares in multiple transactions at weighted average prices around the mid‑teens per share. After these sales, she directly holds 891,965 shares, and is trustee for several family trusts that collectively hold additional SailPoint shares, with beneficial ownership disclaimed except to the extent of her pecuniary interest.
Positive
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Negative
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Insider Trade Summary 10b5-1
Net Seller: 38,541 shares
Net Sell
6 txns
Insider
Payne Abby
Role
Chief People Officer
Sold
38,541 shs ($613K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16,999 | $15.4152 | $262K |
| Sale | Common Stock | 14,009 | $16.0515 | $225K |
| Sale | Common Stock | 7,533 | $16.729 | $126K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 891,965 shares (Direct);
Common Stock — 10,782 shares (Indirect, By Abigail McKenzie Goode Trust);
Common Stock — 277,356 shares (Indirect, By Abigail Payne 2024 GST Trust);
Common Stock — 34,670 shares (Indirect, By Madeleine C. Payne GST Trust)
Footnotes (6)
- 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.
- F2. On July 7, 2026, the Reporting Person sold 14,009 shares in multiple trades at prices ranging from $15.55 to $16.545 per share.
- 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.
- F4. On July 7, 2026, the Reporting Person sold 7,533 shares in multiple trades at prices ranging from $16.55 to $16.95 per share.
- F5. On July 8, 2026, the Reporting Person sold 16,999 shares in multiple trades at prices ranging from $15.115 to $16.015 per share.
- F6. The Reporting Person is a trustee for each of Abigail McKenzie Goode Trust, Abigail Payne 2024 GST Trust, and Madeleine C. Payne GST Trust (together, the "Trusts"). The beneficiary of each of the Trusts is the Reporting Person or an immediate family member of the Reporting Person. As such, the Reporting Person may be deemed to beneficially own all of the shares held by the Trusts; however, the Reporting Person disclaims beneficial ownership of the shares held by the Trusts except to the extent of her pecuniary interest therein.
Key Figures
Total shares sold: 38,541 shares
Sale on July 8, 2026: 16,999 shares at $15.4152/share
Sale on July 7, 2026: 14,009 shares at $16.0515/share
+5 more
8 metrics
Total shares sold
38,541 shares
Net shares sold across reported transactions
Sale on July 8, 2026
16,999 shares at $15.4152/share
Open-market sale under Rule 10b5-1 plan
Sale on July 7, 2026
14,009 shares at $16.0515/share
Open-market sale, weighted average price
Additional sale on July 7, 2026
7,533 shares at $16.7290/share
Open-market sale, weighted average price
Direct holdings after trades
891,965 shares
Common stock directly owned after July 8, 2026
Holdings in Abigail Payne 2024 GST Trust
277,356 shares
Indirect ownership as trustee
Holdings in Madeleine C. Payne GST Trust
34,670 shares
Indirect ownership as trustee
Holdings in Abigail McKenzie Goode Trust
10,782 shares
Indirect ownership as trustee
Key Terms
Rule 10b5-1 trading plan, Restricted Stock Unit Agreement, tax withholding obligations, weighted average sale price, +2 more
6 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..."
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.
tax withholding obligations financial
"for the satisfaction of tax withholding obligations in connection with the vesting of restricted stock units..."
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
pecuniary interest financial
"disclaims beneficial ownership of the shares held by the Trusts except to the extent of her pecuniary interest therein."
GST Trust financial
"Abigail Payne 2024 GST Trust, and Madeleine C. Payne GST Trust (together, the "Trusts")."
FAQ
What insider transactions did SailPoint (SAIL) report for Abby Payne?
Abby Payne reported automated sales of SailPoint common stock totaling 38,541 shares. These were open-market transactions linked to a Rule 10b5-1 plan and mandatory tax withholding on vested restricted stock units, rather than discretionary trading decisions.
Were Abby Payne’s SailPoint (SAIL) stock 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 obligations on restricted stock unit vesting, and therefore are described as non-discretionary for the reporting person.
What role do family trusts play in Abby Payne’s SailPoint (SAIL) holdings?
Abby Payne is trustee for the Abigail McKenzie Goode Trust, Abigail Payne 2024 GST Trust, and Madeleine C. Payne GST Trust. The filing notes she may be deemed to beneficially own shares held by these trusts but disclaims ownership beyond her pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
