SailPoint: CEO Mark D. McClain sold 219,249 shares

What happened

• Mark D. McClain, chief executive officer, sold a total of 219,249 shares in open-market transactions on Oct 6 and Oct 7, 2026, for aggregate proceeds of $4,388,710. The filing lists the trades as: 91,986 shares at $20.27 for $1,864,335; 11,907 shares at $21.03 for $250,408; 114,913 shares at $19.71 for $2,264,912; and 443 shares at $20.44 for $9,055.

Key details

• Transaction dates and prices:
  • Oct 6, 2026: 91,986 shares at weighted average $20.27 (prices ranged from $19.864 to $20.86 per share).
  • Oct 6, 2026: 11,907 shares at weighted average $21.03 (prices ranged from $20.865 to $21.22 per share).
  • Oct 7, 2026: 114,913 shares at weighted average $19.71 (prices ranged from $19.409 to $20.40 per share).
  • Oct 7, 2026: 443 shares at weighted average $20.44 (prices ranged from $20.44 to $20.445 per share).
• Transaction code: S (Sale) for all trades.
• Shares owned after the transaction: not reported in this filing.
• Footnotes of note: the filing says the trades were executed under a Rule 10b5-1 trading plan and included a mandatory sell-to-cover to satisfy tax withholding in connection with the vesting of restricted stock units; the reported prices are weighted averages and the reporting person is trustee for two trusts and disclaims beneficial ownership except for pecuniary interest.
• Form 4 filed on Oct 8, 2026.

Why it may matter

• The filing shows stock sales executed under a Rule 10b5-1 plan and to satisfy tax withholding on vested restricted stock units; these were reported as open-market dispositions, not option exercises or gifts.
• A filing does not show why the insider traded or why the company acted.