Schmitt Christopher 4

What Happened

• Christopher Schmitt, General Counsel and Secretary of SailPoint, received a grant/award of 358,306 shares on March 4, 2026. The filing reports an acquisition at $0.00 per share (transaction code A), meaning no cash was paid.
• The Form 4 shows the award quantity but does not state a dollar value in the filing; the economic value equals the number of shares multiplied by SailPoint’s market price at grant (not provided in the filing). This is a grant/award rather than a purchase or sale.

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (appears timely — within two business days).
• Transaction type/code: Award/Grant (A); price reported: $0.00; cash paid: $0.
• Shares acquired: 358,306.
• Shares owned after transaction: Not specified in the filing.
• Footnotes/plan details: The filing does not include vesting schedule, tax-withholding, or 10b5-1 plan details—likely an equity award (e.g., RSUs or restricted stock) but the document does not specify.
• Filing timeliness: Filed March 6, 2026; no late-filing flag in the record.

Context

• Grants/awards to executives are commonly compensation-related (e.g., RSUs or restricted stock) and do not by themselves signal a buy or sell decision by the insider. They increase the executive’s potential exposure to company stock value over time and are often subject to vesting and other conditions not detailed in this Form 4.