Were Mitra Rezvan’s SailPoint (SAIL) share sales discretionary trades?

The filing states the trades were executed under a Rule 10b5-1 trading plan and a mandatory sell-to-cover provision. They were undertaken to satisfy tax withholding obligations on vested restricted stock units, so they are characterized as non-discretionary rather than opportunistic market-timing trades.

SailPoint (SAIL) CAO sells 6,835 shares under 10b5-1 tax plan

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

SailPoint, Inc. Chief Accounting Officer Mitra Rezvan reported routine open-market sales of company common stock tied to tax withholding on vested restricted stock units. On July 7–8, 2026, she sold a total of 6,835 shares in multiple trades under a pre-arranged Rule 10b5-1 trading plan and a mandatory sell-to-cover provision. After these sales, she directly held 182,641 shares of SailPoint common stock.

Insider Trade Summary 10b5-1

Net Seller: 6,835 shares ($107,942)

Net Sell 3 txns

Insider REZVAN MITRA

Role Chief Accounting Officer

Sold 6,835 shs ($108K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,881	$15.4152	$60K
Sale	Common Stock	1,921	$16.0515	$31K
Sale	Common Stock	1,033	$16.729	$17K

Holdings After Transaction: Common Stock — 182,641 shares (Direct, null)

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 July 7, 2026, the Reporting Person sold 1,921 shares in multiple trades at prices ranging from $15.55 to $16.545 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 July 7, 2026, the Reporting Person sold 1,033 shares in multiple trades at prices ranging from $16.55 to $16.95 per share. On July 8, 2026, the Reporting Person sold 3,881 shares in multiple trades at prices ranging from $15.115 to $16.015 per share.

Key Figures

Total shares sold: 6,835 shares Shares sold on July 8, 2026: 3,881 shares Shares sold on July 7, 2026 (block 1): 1,921 shares +2 more

5 metrics

Total shares sold 6,835 shares Open-market sales on July 7–8, 2026

Shares sold on July 8, 2026 3,881 shares Common stock at $15.4152 per share weighted average

Shares sold on July 7, 2026 (block 1) 1,921 shares Common stock at $16.0515 per share weighted average

Shares sold on July 7, 2026 (block 2) 1,033 shares Common stock at $16.7290 per share weighted average

Post-transaction holdings 182,641 shares Common stock directly owned after July 8, 2026 sale

Key Terms

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

4 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 financial

"...the Reporting Person's 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.

sell-to-cover financial

"...pursuant to a mandatory sell-to-cover provision in the Reporting Person's underlying Restricted Stock Unit Agreement..."

Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.

weighted average sale price financial

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/09/2026 - 04:50 PM Accepted by SEC EDGAR 07/09/2026 - 04:50 PM

FAQ

What did SailPoint (SAIL) Chief Accounting Officer Mitra Rezvan report in this Form 4?

Mitra Rezvan reported selling SailPoint common shares in open-market trades. The sales were linked to tax withholding on vested restricted stock units and executed under a Rule 10b5-1 trading plan, indicating a routine, pre-arranged transaction rather than a discretionary change in ownership.

How many SailPoint (SAIL) shares did Mitra Rezvan sell and at what prices?

She sold a total of 6,835 SailPoint common shares across three transactions. Reported weighted average prices were $16.0515 and $16.7290 on July 7, 2026, and $15.4152 on July 8, 2026, with trades executed within stated intraday price ranges.

How many SailPoint (SAIL) shares does Mitra Rezvan hold after these transactions?

Following the reported sales, Mitra Rezvan directly holds 182,641 shares of SailPoint common stock. This figure reflects her remaining position after the three open-market sales disclosed in the Form 4 covering transactions on July 7 and July 8, 2026.

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

The Rule 10b5-1 trading plan allowed pre-scheduled sales of SailPoint shares. In this case, it worked with a mandatory sell-to-cover feature to automatically sell shares when restricted stock units vested, generating cash for tax obligations without requiring day-to-day trading decisions.

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^*

REZVAN MITRA

(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)
	Chief Accounting Officer

2a. Foreign Trading Symbol

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

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	07/07/2026		S⁽¹⁾		1,921	D	$16.0515⁽²⁾⁽³⁾	187,555	D
Common Stock	07/07/2026		S⁽¹⁾		1,033	D	$16.729⁽³⁾⁽⁴⁾	186,522	D
Common Stock	07/08/2026		S⁽¹⁾		3,881	D	$15.4152⁽³⁾⁽⁵⁾	182,641	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 July 7, 2026, the Reporting Person sold 1,921 shares in multiple trades at prices ranging from $15.55 to $16.545 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 July 7, 2026, the Reporting Person sold 1,033 shares in multiple trades at prices ranging from $16.55 to $16.95 per share.

5. On July 8, 2026, the Reporting Person sold 3,881 shares in multiple trades at prices ranging from $15.115 to $16.015 per share.

Remarks:

	/s/ Ryan Clyde, attorney-in-fact	07/09/2026
	** 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