Schmitt Christopher 4

What Happened
Christopher Schmitt, General Counsel and Secretary of SailPoint, sold a total of 42,830 shares in open-market transactions on July 7–8, 2026 for aggregate proceeds of approximately $681,137. The filing reports three grouped disposals: 15,569 shares at a weighted avg $16.05 (≈ $249,906), 8,371 shares at a weighted avg $16.73 (≈ $140,038), and 18,890 shares at a weighted avg $15.42 (≈ $291,193). These were sales (not purchases) and therefore are routine dispositions rather than bullish insider buys.

Key Details

• Transaction dates: July 7, 2026 (two sets of sales) and July 8, 2026 (one set). Filing date: July 9, 2026 (timely).
• Reported weighted-average prices and proceeds: 15,569 @ $16.05 (≈ $249,906); 8,371 @ $16.73 (≈ $140,038); 18,890 @ $15.42 (≈ $291,193). Total ≈ $681,137.
• Price ranges noted in footnotes: July 7 (15,569 shares) $15.55–$16.545; July 7 (8,371 shares) $16.55–$16.95; July 8 (18,890 shares) $15.115–$16.015. The filing gives weighted averages and offers to provide full trade-level prices on request.
• Shares owned after the transactions: not specified in the summary provided (filing excerpt does not disclose post-transaction holdings).
• Notable footnotes: trades were executed under a pre-arranged Rule 10b5-1 trading plan and pursuant to a mandatory sell-to-cover provision to satisfy tax withholding on RSU vesting — the filing states these were not discretionary trades.
• Timeliness: Filing appears timely (transactions July 7–8; Form 4 filed July 9).

Context
These sales were tied to a 10b5-1 plan and to cover taxes on vested restricted stock units, which commonly lead to sell-to-cover transactions and are generally treated as routine rather than a directional signal about company prospects. The filer has offered to supply the detailed number-of-shares and exact prices per trade to the SEC or shareholders upon request.