SailPoint CFO sells 78,470 shares in tax-related plan
SailPoint, Inc. Chief Financial Officer Brian Carolan executed automated sales of 78,470 shares of common stock over two days under a Rule 10b5-1 trading plan.
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Form Type
4
Rhea-AI Filing Summary
SailPoint, Inc. Chief Financial Officer Brian Carolan executed automated sales of 78,470 shares of common stock over two days under a Rule 10b5-1 trading plan. The sales, priced around $15–$17 per share, were made pursuant to a mandatory sell-to-cover provision for tax withholding on vesting restricted stock units and are described as non-discretionary. After these transactions, he directly holds 1,707,742 shares of SailPoint common stock.
Insider Trade Summary 10b5-1
Net Seller: 78,470 shares
Net Sell
3 txns
Insider
CAROLAN BRIAN
Role
Chief Financial Officer
Sold
78,470 shs ($1.24M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 46,002 | $15.4152 | $709K |
| Sale | Common Stock | 21,115 | $16.0515 | $339K |
| Sale | Common Stock | 11,353 | $16.729 | $190K |
Holdings After Transaction:
Common Stock — 1,707,742 shares (Direct)
Footnotes (5)
- 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 21,115 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 11,353 shares in multiple trades at prices ranging from $16.55 to $16.95 per share.
- F5. On July 8, 2026, the Reporting Person sold 46,002 shares in multiple trades at prices ranging from $15.115 to $16.015 per share.
Key Figures
Total shares sold: 78,470 shares
Shares sold July 7, 2026 (block 1): 21,115 shares
Shares sold July 7, 2026 (block 2): 11,353 shares
+3 more
6 metrics
Total shares sold
78,470 shares
Net open-market sales reported in this Form 4
Shares sold July 7, 2026 (block 1)
21,115 shares
Multiple trades, weighted avg price $16.0515
Shares sold July 7, 2026 (block 2)
11,353 shares
Multiple trades, weighted avg price $16.7290
Shares sold July 8, 2026
46,002 shares
Multiple trades, weighted avg price $15.4152
Post-transaction holdings
1,707,742 shares
Common stock directly owned after July 8, 2026 sales
Net buy/sell direction
-78,470 shares
Net-sell across reported transactions
Key Terms
Rule 10b5-1 trading plan, mandatory sell-to-cover provision, Restricted Stock Unit Agreement, vesting of restricted stock units, +1 more
5 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.
mandatory sell-to-cover provision financial
"pursuant to a mandatory sell-to-cover provision in the Reporting Person's underlying Restricted Stock Unit Agreement..."
Restricted Stock Unit Agreement financial
"mandatory sell-to-cover provision in the Reporting Person's underlying Restricted Stock Unit Agreement for the satisfaction of tax withholding obligations..."
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.
vesting of restricted stock units 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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did SailPoint (SAIL) CFO Brian Carolan report in this Form 4 filing?
SailPoint CFO Brian Carolan reported automated sales of 78,470 common shares. These trades occurred over two days under a Rule 10b5-1 plan and a mandatory sell-to-cover provision tied to restricted stock unit vesting and related tax withholding obligations.
What is a Rule 10b5-1 trading plan as used in the SailPoint (SAIL) Form 4?
A Rule 10b5-1 trading plan allows insiders to pre-schedule trades. In this filing, SailPoint’s CFO used such a plan, combined with a mandatory sell-to-cover feature, to automatically sell shares to cover tax withholding when restricted stock units vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
