REZVAN MITRA 4

What Happened

• Rezvan Mitra, Chief Accounting Officer of SailPoint (SAIL), disposed of a total of 6,835 shares in open-market/private sales on July 7–8, 2026. The sales were reported as three lots:
  • 1,921 shares on 2026-07-07 at a weighted avg price of $16.05 — proceeds $30,835.
  • 1,033 shares on 2026-07-07 at a weighted avg price of $16.73 — proceeds $17,281.
  • 3,881 shares on 2026-07-08 at a weighted avg price of $15.42 — proceeds $59,826.
• Total proceeds across the three transactions were approximately $107,942. These were sales (routine disposition), not purchases.

Key Details

• Transaction dates/prices:
  • July 7, 2026: 1,921 shares sold (weighted avg $16.05); price range $15.55–$16.545 (F2, F3).
  • July 7, 2026: 1,033 shares sold (weighted avg $16.73); price range $16.55–$16.95 (F4, F3).
  • July 8, 2026: 3,881 shares sold (weighted avg $15.42); price range $15.115–$16.015 (F5, F3).
• Purpose/footnotes:
  • These sales were executed under a Rule 10b5-1 trading plan and pursuant to a mandatory sell-to-cover provision to satisfy tax withholding on vesting restricted stock units (F1). They are therefore not discretionary trades by the reporting person.
  • The reported prices are weighted averages; the reporting person offers to provide detailed per-trade counts/prices on request (F3).
• Shares owned after the transactions: not provided in the supplied filing details.
• Filing timeliness: Form 4 was filed on July 9, 2026; no indication in the filing of a late report.

Context

• Sales to satisfy tax withholding on RSU vesting and trades under a 10b5-1 plan are common and generally viewed as routine administrative transactions rather than signals of insider sentiment.