McClain Mark D. 4

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.