STOCK TITAN
  1. Home
  2. Sec-filings
  3. SAIL
  4. [Form 4] SailPoint, Inc. Insider Trading Activity

SAIL insider sell-to-cover: 163,650 shares sold, 1.90M remaining

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Matt Mills, President of SailPoint, Inc. (SAIL), reported sales of restricted stock units to satisfy tax withholding upon vesting. Between 10/07/2025 and 10/09/2025

He sold a combined 163,650 shares in multiple transactions at weighted-average prices reported in the filing (individual trade ranges shown), with the final reported beneficial ownership of 1,904,258 shares held directly after the last sale. The filing states these were executed under a mandatory sell-to-cover provision of his RSU agreement and are therefore non-discretionary.

Positive

  • Sales were mandatory sell-to-cover tied to RSU vesting, not discretionary trades
  • Reporting person retains a large direct stake of 1,904,258 shares after the transactions

Negative

  • Substantial volume sold: 163,650 shares were disposed of between 10/07/2025 and 10/09/2025
  • Price variability across trades (reported ranges between $21.79 and $23.755) could affect realized proceeds

Insights

Sales were non-discretionary sell-to-cover from vested RSUs.

The filing shows the officer used a mandatory sell-to-cover mechanism tied to RSU vesting to meet tax obligations on 10/07/2025–10/09/2025

This procedure is a common compliance-driven step and the report explicitly states the trades were not discretionary; investors can treat these as tax-driven liquidity rather than optional insider trading.

Officer sold 163,650 shares; position remains large at 1.90M+ shares.

The aggregate sale volume of 163,650 shares occurred in multiple blocks with weighted-average prices noted across the filing and left the reporting person with 1,904,258 shares directly owned after the final sale.

Monitor share count changes in upcoming filings and company disclosures for additional vesting events or plan activity; these transactions alone do not indicate a change in long-term ownership given the remaining stake size.

Insider Mills Matt
Role President
Sold 163,650 shs ($3.68M)
Type Security Shares Price Value
Sale Common Stock 61,279 $22.4234 $1.37M
Sale Common Stock 42,009 $22.3403 $938K
Sale Common Stock 9,691 $22.9103 $222K
Sale Common Stock 31,369 $22.1332 $694K
Sale Common Stock 19,302 $23.2369 $449K
Holdings After Transaction: Common Stock — 1,904,258 shares (Direct)
Footnotes (1)
  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 31,369 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 19,302 shares in multiple trades at prices ranging from $22.84 to $23.755 per share. On October 8, 2025, the Reporting Person sold 42,009 shares in multiple trades at prices ranging from $21.79 to $22.785 per share. On October 8, 2025, the Reporting Person sold 9,691 shares in multiple trades at prices ranging from $22.79 to $23.09 per share. On October 9, 2025, the Reporting Person sold 61,279 shares in multiple trades at prices ranging from $21.85 to $22.82 per share.
Form 4 Insider Transactions: What Each Field Means →
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*
Mills Matt
(Last) (First) (Middle)
C/O SAILPOINT TECHNOLOGIES HOLDINGS, INC
11120 FOUR POINTS DRIVE, SUITE 100
(Street)
AUSTIN TX 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)
President
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)
Code V Amount (A) or (D) Price
Common Stock 10/07/2025 S(1) 31,369 D $22.1332(2)(3) 2,036,539 D
Common Stock 10/07/2025 S(1) 19,302 D $23.2369(3)(4) 2,017,237 D
Common Stock 10/08/2025 S(1) 42,009 D $22.3403(3)(5) 1,975,228 D
Common Stock 10/08/2025 S(1) 9,691 D $22.9103(3)(6) 1,965,537 D
Common Stock 10/09/2025 S(1) 61,279 D $22.4234(3)(7) 1,904,258 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 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 31,369 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 19,302 shares in multiple trades at prices ranging from $22.84 to $23.755 per share.
5. On October 8, 2025, the Reporting Person sold 42,009 shares in multiple trades at prices ranging from $21.79 to $22.785 per share.
6. On October 8, 2025, the Reporting Person sold 9,691 shares in multiple trades at prices ranging from $22.79 to $23.09 per share.
7. On October 9, 2025, the Reporting Person sold 61,279 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 Matt Mills sell according to the SAIL Form 4?

He sold 163,650 shares of SailPoint common stock between 10/07/2025 and 10/09/2025 to cover taxes on vested RSUs.

Were the sales by the SailPoint officer discretionary?

No. The filing states the trades were executed pursuant to a mandatory sell-to-cover provision in the RSU agreement and did not represent discretionary trades.

What was the reporting person's ownership after these transactions?

The filing reports direct beneficial ownership of 1,904,258 shares following the last reported sale.

What price range did the Form 4 disclose for the trades?

Individual trade ranges reported in the explanations span roughly $21.79 to $23.755, with weighted-average sale prices shown for each reported block.

Does this Form 4 indicate option or derivative exercises?

No. Table II for derivative securities is empty; the reported activity is in non-derivative common stock from RSU vesting.