McClain Mark D. 4
4 · SailPoint, Inc. · Filed Jul 9, 2026
Research Summary
AI-generated summary of this filing
SailPoint (SAIL) CEO Mark McClain Sells 211,454 Shares
What Happened Mark D. McClain, CEO of SailPoint (SAIL), reported sales of a total 211,454 shares (dispositions) between July 7–8, 2026, generating approximately $3.36 million in proceeds. The sales were reported as open-market (S) transactions and reflect weighted-average prices for each trade date:
- July 7, 2026 — 76,865 shares at a weighted avg $16.05 — $1,233,799 (individual trades ranged $15.55–$16.545)
- July 7, 2026 — 41,329 shares at a weighted avg $16.73 — $691,393 (individual trades ranged $16.55–$16.95)
- July 8, 2026 — 93,260 shares at a weighted avg $15.42 — $1,437,622 (individual trades ranged $15.115–$16.015)
These were sales (not purchases); sales are often routine and do not necessarily indicate management sentiment.
Key Details
- Transaction dates: July 7 and July 8, 2026. Weighted-average prices shown above; price ranges provided in footnotes.
- Total shares sold: 211,454. Total proceeds: about $3,362,814.
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes: Trades were executed under a Rule 10b5-1 trading plan and pursuant to mandatory sell-to-cover provisions tied to the vesting of restricted stock units (RSUs) to satisfy tax withholding (i.e., not discretionary sales). The filing notes it can provide detailed per-trade quantities and prices on request.
- Timeliness: Form 4 filed July 9, 2026 for trades on July 7–8, 2026 (filing appears timely).
Context The filing indicates these sales were made under a pre-established 10b5-1 plan and to satisfy tax withholding for vested RSUs, meaning they were automatic/administrative transactions rather than ad hoc insider selling. Additionally, the reporting person is trustee for two related trusts and disclaims beneficial ownership of trust-held shares except to the extent of his pecuniary interest—this is a standard disclosure about potential indirect holdings.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-07-07$16.05/sh−76,865$1,233,799→ 8,228,459 total - Sale
Common Stock
[F1][F3][F4]2026-07-07$16.73/sh−41,329$691,393→ 8,187,130 total - Sale
Common Stock
[F1][F3][F5]2026-07-08$15.42/sh−93,260$1,437,622→ 8,093,870 total
- 52,004(indirect: By Trust)
Common Stock
[F6] - 17,335(indirect: By Trust)
Common Stock
[F6]
Footnotes (6)
- [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 76,865 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 41,329 shares in multiple trades at prices ranging from $16.55 to $16.95 per share.
- [F5]On July 8, 2026, the Reporting Person sold 93,260 shares in multiple trades at prices ranging from $15.115 to $16.015 per share.
- [F6]The Reporting Person is a trustee for each of McClain GMM 2015 Trust and Paul N. McClain Gift Trust (together, the "Trusts"). The beneficiary of each of the Trusts is an immediate family member of the Reporting Person. As such, the Reporting Person may be deemed to beneficially own all of the shares held by the Trusts; however, the Reporting Person disclaims beneficial ownership of the shares held by the Trusts except to the extent of his pecuniary interest therein.