Schmitt Christopher 4
4 · SailPoint, Inc. · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
SailPoint (SAIL) GC Christopher Schmitt Sells Shares
What Happened
Christopher Schmitt, General Counsel and Secretary of SailPoint, sold a total of 46,074 shares in open-market transactions between April 7 and April 9, 2026, generating aggregate proceeds of approximately $563,474. The filing reports four disposals: 13,637 shares at a weighted average $12.72 ($173,489); 13,624 shares at $12.80 ($174,395); 17,933 shares at $11.42 ($204,845); and 880 shares at $12.21 ($10,745). These were sales (not purchases).
Key Details
- Dates and reported prices:
- April 7, 2026: 13,637 shares; weighted avg $12.72. (trades ranged $12.46–$13.095)
- April 8, 2026: 13,624 shares; weighted avg $12.80. (trades ranged $12.40–$13.21)
- April 9, 2026: 17,933 shares; weighted avg $11.42. (trades ranged $11.135–$12.01)
- April 9, 2026: 880 shares at $12.21
- Total: 46,074 shares sold for ~$563,474 in proceeds.
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Notable footnotes: trades were executed under a Rule 10b5-1 trading plan and included mandatory sell-to-cover transactions to satisfy tax-withholding on RSU vesting (i.e., non-discretionary; Reporting Person can provide full trade-by-trade prices on request).
- Filing: Report filed April 9, 2026 covering trades from April 7–9, 2026 (appears timely based on reported dates).
Context
Sales under a pre-established 10b5-1 plan and mandatory sell-to-cover for tax withholding are typically routine and are designated non-discretionary by the filer, so they are less indicative of the insider’s current view of the company than an ad-hoc sale might be. For retail investors, purchases by insiders often carry more weight as a bullish signal; these transactions appear to be administrative in nature.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-04-07$12.72/sh−13,637$173,489→ 1,387,988 total - Sale
Common Stock
[F1][F3][F4]2026-04-08$12.80/sh−13,624$174,395→ 1,374,364 total - Sale
Common Stock
[F1][F3][F5]2026-04-09$11.42/sh−17,933$204,845→ 1,356,431 total - Sale
Common Stock
[F1]2026-04-09$12.21/sh−880$10,745→ 1,355,551 total
Footnotes (5)
- [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 April 7, 2026, the Reporting Person sold 13,637 shares in multiple trades at prices ranging from $12.46 to $13.095 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 April 8, 2026, the Reporting Person sold 13,624 shares in multiple trades at prices ranging from $12.40 to $13.21 per share.
- [F5]On April 9, 2026, the Reporting Person sold 17,933 shares in multiple trades at prices ranging from $11.135 to $12.01 per share.