Schmitt Christopher 4

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.