Payne Abby 4

What Happened
Abby Payne, Chief People Officer of SailPoint, sold a total of 38,541 shares in three transactions between July 7–8, 2026, generating approximately $612,928 in gross proceeds. The individual trades reported were: 14,009 shares at a weighted average $16.05 ($224,865), 7,533 shares at a weighted average $16.73 ($126,020), and 16,999 shares at a weighted average $15.42 ($262,043). These were sales (not purchases).

Key Details

• Transaction dates: July 7, 2026 (two lots: 14,009 and 7,533 shares) and July 8, 2026 (16,999 shares).
• Reported prices/ranges: weighted averages shown above; underlying trade price ranges reported: 14,009 shares at $15.55–$16.545; 7,533 shares at $16.55–$16.95; 16,999 shares at $15.115–$16.015.
• Total shares sold: 38,541; approximate gross proceeds: $612,928.
• Purpose and plan: Trades executed under a Rule 10b5-1 trading plan and pursuant to a mandatory sell-to-cover provision to satisfy tax withholding on vested restricted stock units (per footnote). These were non‑discretionary sales related to tax withholding, not discretionary market-timing.
• Filing timeliness: No late filing indicated (Form 4 filed July 9, 2026).
• Ownership note: The filer is trustee of several trusts that may hold additional shares; the filing disclaims beneficial ownership of trust-held shares except to the extent of pecuniary interest.
• Disclosure detail: The filing reports weighted average prices and offers to provide full per-trade price/quantity details on request.

Context
These sales were driven by tax-withholding obligations tied to RSU vesting and were carried out under a pre-existing 10b5-1 plan, which generally indicates non-discretionary execution. Sales for tax withholding are common and do not necessarily signal the insider’s view on company prospects.