SailPoint: General counsel and secretary Christopher Schmitt sold 44,410 shares

What happened

• Christopher Schmitt, general counsel and secretary, sold 44,410 shares in open-market transactions on Oct 6 and Oct 7, 2026 for total proceeds of $888,956. The filing lists: 18,631 shares at $20.27 for $377,606; 2,412 shares at $21.03 for $50,725; 23,277 shares at $19.71 for $458,785; and 90 shares at $20.44 for $1,840.

Key details

• Transaction dates and price ranges per the filing:
  • Oct 6, 2026: 18,631 shares sold, prices ranged $19.864 to $20.86 (weighted average $20.27).
  • Oct 6, 2026: 2,412 shares sold, prices ranged $20.865 to $21.22 (weighted average $21.03).
  • Oct 7, 2026: 23,277 shares sold, prices ranged $19.409 to $20.40 (weighted average $19.71).
  • Oct 7, 2026: 90 shares sold, prices ranged $20.44 to $20.445 (weighted average $20.44).
• The filing reports the weighted average sale prices and the reporting person will provide trade-by-trade details on request.
• Footnotes state the sales were executed under a Rule 10b5-1 trading plan and pursuant to a mandatory sell-to-cover provision to satisfy tax withholding obligations, and consequently do not represent discretionary trades by the reporting person.
• Filed Oct 8, 2026. Shares owned after the transactions are not stated in the provided filing excerpt. The filing does not indicate it was late.

Why it may matter

• These were market sales, not option exercises or gifts; they were reported as executed under a 10b5-1 plan and for tax withholding.
• This filing does not show why the insider traded or why the company acted.