SailPoint CAO sells shares for tax withholding
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.
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Form Type
4
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
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)
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 1,921 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 1,033 shares in multiple trades at prices ranging from $16.55 to $16.95 per share.
- F5. 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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
