McClain Mark D. 4

What Happened
Mark D. McClain, CEO of SailPoint, sold a total of 227,464 shares in open-market/private sales across April 7–9, 2026 for aggregate proceeds of approximately $2,781,833. Transaction breakdown:

• Apr 7, 2026: 67,328 shares at a weighted avg $12.72 — $856,540 (prices ranged $12.46–$13.095).
• Apr 8, 2026: 67,262 shares at a weighted avg $12.80 — $860,994 (prices ranged $12.40–$13.21).
• Apr 9, 2026: 88,532 shares at a weighted avg $11.42 — $1,011,283 (prices ranged $11.135–$12.01).
• Apr 9, 2026: 4,342 shares at $12.21 — $53,016.
  These were sales (not purchases) and generated the proceeds listed above.

Key Details

• Transaction type: Sale (Code S).
• Dates: April 7, 8 and 9, 2026. Weighted-average prices reported; price ranges for multi-trade days provided in footnotes.
• Total shares sold: 227,464; total proceeds ≈ $2,781,833.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: Trades were executed under a Rule 10b5-1 trading plan and many were pursuant to a mandatory sell-to-cover provision to satisfy tax withholding on vested RSUs (i.e., tax-related, not discretionary trades). The filing reports weighted-average prices and offers to provide full per-trade details on request. The reporting person also serves as trustee for certain trusts and disclaims beneficial ownership of trust-held shares except to the extent of pecuniary interest.
• Timeliness: Filing was marked late (L) relative to the transaction date(s).

Context
Sales under a pre-established 10b5-1 plan and mandatory sell-to-cover for RSU tax withholding are typically routine and do not necessarily reflect the insider’s view of the company’s prospects. For retail investors, purchases generally carry more informational weight than routine tax-related sales.