Were SailPoint (SAIL) CTO Chandrasekar Gnanasambandam’s April 2026 share sales discretionary?

The filing states these trades were executed under a Rule 10b5-1 trading plan and a mandatory sell-to-cover provision in his RSU agreement. They satisfied tax withholding obligations on vesting restricted stock units and are described as not representing discretionary trades by the reporting person.

SailPoint (SAIL) CTO executes tax-driven sale of 37K shares

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

SailPoint, Inc. executive vice president of product and CTO Chandrasekar Gnanasambandam reported open-market sales of a total of 37,024 shares of common stock over April 7–9, 2026. The trades, executed at weighted average prices between about $11.42 and $12.80 per share, were carried out under a Rule 10b5-1 trading plan and pursuant to a mandatory sell-to-cover provision tied to restricted stock unit vesting and related tax withholding obligations. Following these transactions, he directly holds 968,926 shares of SailPoint common stock.

Insights

Pre-planned, tax-driven sales reduce signal despite 37K shares sold.

Chandrasekar Gnanasambandam, EVP Product & CTO of SailPoint, sold 37,024 common shares between April 7 and 9, 2026. Sale prices ranged from about $11.42 to $12.80 per share, in open-market transactions.

Footnotes state these trades occurred under a Rule 10b5-1 trading plan and a mandatory sell-to-cover feature for RSU-related tax withholding obligations, indicating they were not discretionary timing decisions. After the sales, he still directly owns 968,926 shares, showing a substantial remaining stake.

Because the transactions are both pre-planned and tax-driven, their timing carries limited informational value about management’s view of the stock. Subsequent filings may provide further context on future equity compensation vesting and related tax-driven activity.

Insider Trade Summary 10b5-1

Net Seller: 37,024 shares ($446,333)

Net Sell 4 txns

Insider Gnanasambandam Chandrasekar

Role EVP Product & CTO

Sold 37,024 shs ($446K)

Type	Security	Shares	Price	Value
Sale	Common Stock	19,143	$11.4228	$219K
Sale	Common Stock	939	$12.21	$11K
Sale	Common Stock	8,467	$12.8006	$108K
Sale	Common Stock	8,475	$12.7219	$108K

Holdings After Transaction: Common Stock — 969,865 shares (Direct)

Footnotes (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 April 7, 2026, the Reporting Person sold 8,475 shares in multiple trades at prices ranging from $12.46 to $13.095 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 April 8, 2026, the Reporting Person sold 8,467 shares in multiple trades at prices ranging from $12.40 to $13.21 per share. On April 9, 2026, the Reporting Person sold 19,143 shares in multiple trades at prices ranging from $11.135 to $12.01 per share.

Key Figures

Total shares sold: 37,024 shares Shares sold April 7, 2026: 8,475 shares Shares sold April 8, 2026: 8,467 shares +4 more

7 metrics

Total shares sold 37,024 shares Open-market sales April 7–9, 2026

Shares sold April 7, 2026 8,475 shares Common stock sale at $12.7219 per share

Shares sold April 8, 2026 8,467 shares Common stock sale at $12.8006 per share

Shares sold April 9, 2026 19,143 shares Common stock sale at $11.4228 per share

Holding after last sale 968,926 shares Direct common stock ownership following April 9, 2026 trades

Highest price range noted $13.21 per share Upper end of April 8, 2026 sale price range

Lowest price range noted $11.135 per share Lower end of April 9, 2026 sale price range

Key Terms

Rule 10b5-1 trading plan, mandatory sell-to-cover provision, Restricted Stock Unit, weighted average sale price, +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 financial

"underlying Restricted Stock Unit Agreement for the satisfaction of tax withholding obligations"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

weighted average sale price financial

"The price reported above reflects the weighted average sale price."

tax withholding obligations financial

"for the satisfaction of tax withholding obligations in connection with the vesting of restricted stock units"

Form 4 Insider Transactions: What Each Field Means →

04/09/2026 - 08:00 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

TEXAS

78726

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/07/2026		S⁽¹⁾		8,475	D	$12.7219⁽²⁾⁽³⁾	997,475	D
Common Stock	04/08/2026		S⁽¹⁾		8,467	D	$12.8006⁽³⁾⁽⁴⁾	989,008	D
Common Stock	04/09/2026		S⁽¹⁾		19,143	D	$11.4228⁽³⁾⁽⁵⁾	969,865	D
Common Stock	04/09/2026		S⁽¹⁾		939	D	$12.21	968,926	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 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 April 7, 2026, the Reporting Person sold 8,475 shares in multiple trades at prices ranging from $12.46 to $13.095 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 April 8, 2026, the Reporting Person sold 8,467 shares in multiple trades at prices ranging from $12.40 to $13.21 per share.

5. On April 9, 2026, the Reporting Person sold 19,143 shares in multiple trades at prices ranging from $11.135 to $12.01 per share.

Remarks:

	/s/ Ryan Clyde, attorney-in-fact	04/09/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did SailPoint (SAIL) report for Chandrasekar Gnanasambandam?

SailPoint reported that EVP Product & CTO Chandrasekar Gnanasambandam sold 37,024 shares of common stock between April 7 and April 9, 2026. The sales were open-market transactions executed under a Rule 10b5-1 trading plan tied to RSU-related tax obligations.

At what prices did SailPoint (SAIL) CTO Chandrasekar Gnanasambandam sell shares?

The reported sales occurred at weighted average prices between about $11.4228 and $12.8006 per share. Footnotes note multiple trades each day, with individual prices ranging from $11.135 to $13.21 per share across the April 7–9, 2026 trading dates.

How many SailPoint (SAIL) shares does Chandrasekar Gnanasambandam own after these Form 4 sales?

After the reported transactions, Chandrasekar Gnanasambandam directly holds 968,926 shares of SailPoint common stock. This figure reflects his remaining direct ownership following the cumulative sale of 37,024 shares over April 7–9, 2026, as disclosed in the Form 4 data.

What is the purpose of the Rule 10b5-1 plan mentioned in SailPoint (SAIL) CTO’s Form 4?

The Rule 10b5-1 plan allowed pre-arranged sales of shares to cover tax obligations from restricted stock unit vesting. Under this plan, trades occurred automatically according to preset instructions, reducing the reporting person’s ability to choose the specific timing of each sale.