4//SEC Filing
McClain Mark D. 4
Accession 0001627857-22-000044
CIK 0001627857other
Filed
Mar 15, 8:00 PM ET
Accepted
Mar 16, 5:07 PM ET
Size
10.6 KB
Accession
0001627857-22-000044
Insider Transaction Report
Form 4
McClain Mark D.
DirectorCEO and President
Transactions
- Sale
Common Stock
2022-03-15$40.80/sh−25,000$1,020,000→ 720,192 total - Sale
Common Stock
2022-03-15$40.80/sh−5,000$204,000→ 255,994 total(indirect: By Trust)
Holdings
- 48,000(indirect: By Trust)
Common Stock
- 48,000(indirect: By Trust)
Common Stock
- 48,000(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]On March 15, 2022, pursuant to a plan of disposition adopted by Mr. McClain on May 23, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "10b5-1 Plan"), Mr. McClain sold 25,000 shares in a single trade at a price of $40.80 per share. No more than 300,000 shares may be sold in the aggregate under the 10b5-1 Plan, which terminates no later than July 15, 2022, regardless of whether the maximum of 300,000 shares in the aggregate have been sold.
- [F2]On March 15, 2022, pursuant to a plan of disposition adopted by the McClain Charitable Remainder Unitrust (the "Unitrust") on May 23, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "Unitrust 10b5-1 Plan"), the Unitrust sold 5,000 shares in a single trade at a price of $40.80 per share. No more than 100,000 shares may be sold in the aggregate under the Unitrust 10b5-1 Plan, which terminates no later than July 15, 2022, regardless of whether the maximum of 100,000 shares in the aggregate have been sold.
- [F3]Mr. McClain is a co-trustee for the Unitrust, and he shares investment control over, and may be deemed to have a pecuniary interest in, the shares held by the Unitrust. As such, Mr. McClain may be deemed to beneficially own all of the shares held by the Unitrust; however, Mr. McClain disclaims beneficial ownership of the shares held by the Unitrust except to the extent of his pecuniary interest therein.
- [F4]Mr. McClain is a co-trustee for each of McClain RHD 2015 Trust (the "RHD Trust"), McClain ADM 2015 Trust (the "ADM Trust") and McClain GMM 2015 Trust (the "GMM Trust", and together with the RHD Trust and the ADM Trust, the "Family Trusts"). The beneficiary of each of the Family Trusts is an immediate family member of Mr. McClain's. As such, Mr. McClain may be deemed to beneficially own all of the shares held by the Family Trusts; however, Mr. McClain disclaims beneficial ownership of the shares held by the Family Trusts except to the extent of his pecuniary interest therein.
Documents
Issuer
Sailpoint Technologies Holdings, Inc.
CIK 0001627857
Entity typeother
Related Parties
1- filerCIK 0001722498
Filing Metadata
- Form type
- 4
- Filed
- Mar 15, 8:00 PM ET
- Accepted
- Mar 16, 5:07 PM ET
- Size
- 10.6 KB