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SailPoint (NYSE: SAIL) EVP share sales under 10b5-1 tax plan trades

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

SailPoint, Inc. executive Gnanasambandam Chandrasekar, EVP Product & CTO, reported automatic sales of company common stock on three consecutive days in January 2026. On January 6, 2026, he sold 5,124 shares at a weighted average price of $19.2309 per share, followed by 4,360 shares at $19.9028 on January 7 and 4,245 shares at $19.5711 on January 8. After these transactions, he directly held 517,351 shares of SailPoint common stock.

The filing explains that these 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 obligations upon vesting of restricted stock units, so they do not represent discretionary trades by the reporting person.

Positive

  • None.

Negative

  • None.
Insider Gnanasambandam Chandrasekar
Role EVP Product & CTO
Sold 13,729 shs ($268K)
Type Security Shares Price Value
Sale Common Stock 4,245 $19.5711 $83K
Sale Common Stock 4,360 $19.9028 $87K
Sale Common Stock 5,124 $19.2309 $99K
Holdings After Transaction: Common Stock — 517,351 shares (Direct)
Footnotes (1)
  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. On January 6, 2026, the Reporting Person sold 5,124 shares in multiple trades at prices ranging from $18.93 to $19.63 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 January 7, 2026, the Reporting Person sold 4,360 shares in multiple trades at prices ranging from $19.455 to $20.23 per share. On January 8, 2026, the Reporting Person sold 4,245 shares in multiple trades at prices ranging from $19.415 to $20.08 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).
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*
Gnanasambandam Chandrasekar
(Last) (First) (Middle)
C/O SAILPOINT, INC.
11120 FOUR POINTS DR., 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)
EVP Product & CTO
3. Date of Earliest Transaction (Month/Day/Year)
01/06/2026
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 01/06/2026 S(1) 5,124 D $19.2309(2)(3) 525,956 D
Common Stock 01/07/2026 S(1) 4,360 D $19.9028(3)(4) 521,596 D
Common Stock 01/08/2026 S(1) 4,245 D $19.5711(3)(5) 517,351 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 January 6, 2026, the Reporting Person sold 5,124 shares in multiple trades at prices ranging from $18.93 to $19.63 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 January 7, 2026, the Reporting Person sold 4,360 shares in multiple trades at prices ranging from $19.455 to $20.23 per share.
5. On January 8, 2026, the Reporting Person sold 4,245 shares in multiple trades at prices ranging from $19.415 to $20.08 per share.
Remarks:
/s/ Ryan Clyde, attorney-in-fact 01/08/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What does the SailPoint (SAIL) Form 4 filing report for Gnanasambandam Chandrasekar?

The Form 4 reports that Gnanasambandam Chandrasekar, SailPoint’s EVP Product & CTO, sold shares of common stock on January 6, 7, and 8, 2026, and that he directly owned 517,351 shares after the last reported transaction.

How many SailPoint (SAIL) shares did the EVP Product & CTO sell and at what prices?

He sold 5,124 shares at a weighted average price of $19.2309 on January 6, 4,360 shares at $19.9028 on January 7, and 4,245 shares at $19.5711 on January 8, 2026. The filing notes that these were executed in multiple trades within stated price ranges.

Were the SailPoint (SAIL) insider sales by Chandrasekar discretionary trades?

No. The filing states that 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 obligations, and therefore do not represent discretionary trades by the reporting person.

What is the purpose of the mandatory sell-to-cover provision mentioned in the SailPoint Form 4?

The explanation of responses states that the mandatory sell-to-cover provision in the Restricted Stock Unit Agreement is used for the satisfaction of tax withholding obligations in connection with the vesting of restricted stock units, leading to automatic sales of shares.

Does the SailPoint (SAIL) Form 4 mention a Rule 10b5-1 plan checkbox?

Yes. The form includes a checkbox indicating that a transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), and the footnote confirms the trades were executed under a Rule 10b5-1 trading plan.

How many SailPoint (SAIL) shares does Chandrasekar own after the reported transactions?

After the last reported sale on January 8, 2026, the Form 4 shows that Gnanasambandam Chandrasekar beneficially owned 517,351 shares of SailPoint common stock, held with direct ownership.