REZVAN MITRA 4

What Happened

• Rezvan Mitra, Chief Accounting Officer of SailPoint (SAIL), disposed of a total of 6,836 shares in multiple open‑market sales between April 7–9, 2026, generating total proceeds of approximately $82,716. Transactions reported:
  • Apr 7, 2026: 1,683 shares at $12.72 — $21,411
  • Apr 8, 2026: 1,681 shares at $12.80 — $21,518
  • Apr 9, 2026: 3,310 shares at $11.42 — $37,809
  • Apr 9, 2026: 162 shares at $12.21 — $1,978
• These were sales (not purchases). Sales typically are routine and, in this case, were done under an established plan and for tax withholding, so they do not necessarily signal personal views on the company’s prospects.

Key Details

• Dates & reported prices: Apr 7–9, 2026. Weighted average sale price across all trades ≈ $12.10 per share.
• Shares sold: 6,836 total; total proceeds ≈ $82,716.
• Shares owned after transaction: not specified in the filing.
• Notable footnotes:
  • Trades were executed under a Rule 10b5‑1 trading plan and pursuant to a mandatory sell‑to‑cover provision to satisfy tax withholding on vested RSUs (i.e., not discretionary trades).
  • Each date included multiple trades with price ranges (Apr 7: $12.46–$13.095; Apr 8: $12.40–$13.21; Apr 9: $11.135–$12.01). The filing reports weighted average prices and offers to provide detailed trade-by-trade data on request.
• Filing timeliness: Filing date Apr 10, 2026; the filing does not indicate a late report.

Context

• These sales were described as sell‑to‑cover for tax withholding on vested restricted stock units and implemented under a 10b5‑1 plan. Such transactions are administrative and do not necessarily reflect the insider’s discretionary decision to sell. For retail investors, purchases are generally more informative of insider sentiment than routine withholding sales.