Gnanasambandam Chandrasekar 4
4 · SailPoint, Inc. · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
SailPoint CTO Gnanasambandam Chandrasekar Sells Shares
What Happened
Gnanasambandam Chandrasekar, SailPoint's (SAIL) Executive VP of Product & CTO, sold a total of 37,024 shares in multiple open-market transactions between April 7–9, 2026 for aggregate proceeds of about $446,333. The reported weighted-average prices by trade date were $12.72 (8,475 shares, $107,818), $12.80 (8,467 shares, $108,383), $11.42 (19,143 shares, $218,667) and $12.21 (939 shares, $11,465). These were sales (not purchases or option exercises).
Key Details
- Transaction dates: Apr 7, 2026; Apr 8, 2026; Apr 9, 2026. Form 4 filed Apr 9, 2026 (appears timely).
- Reported per-trade weighted-average prices: $12.72, $12.80, $11.42, $12.21. Total shares sold: 37,024; total proceeds ≈ $446,333.
- Price ranges disclosed in footnotes: Apr 7 trades ranged $12.46–$13.095; Apr 8 trades ranged $12.40–$13.21; Apr 9 large block ranged $11.135–$12.01. Reporting person can provide full per-trade details on request.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Notable footnotes: trades were executed under a Rule 10b5-1 trading plan and included mandatory sell-to-cover sales to satisfy tax withholding on vested RSUs—these were automatic/non-discretionary sales (footnotes F1–F5).
Context
Sales done under 10b5-1 plans and to cover tax withholding on RSU vesting are routine and generally reflect plan mechanics rather than an executive’s active market timing. For retail investors, purchases by insiders often carry more weight as bullish signals; these sales appear to be automated/tax-related per the filing.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-04-07$12.72/sh−8,475$107,818→ 997,475 total - Sale
Common Stock
[F1][F3][F4]2026-04-08$12.80/sh−8,467$108,383→ 989,008 total - Sale
Common Stock
[F1][F3][F5]2026-04-09$11.42/sh−19,143$218,667→ 969,865 total - Sale
Common Stock
[F1]2026-04-09$12.21/sh−939$11,465→ 968,926 total
Footnotes (5)
- [F1]These trades were executed under a Rule 10b5-1 trading plan and pursuant to a mandatory sell-to-cover provision in the Reporting Person's underlying Restricted Stock Unit Agreement for the satisfaction of tax withholding obligations in connection with the vesting of restricted stock units and consequently do not represent discretionary trades by the Reporting Person.
- [F2]On April 7, 2026, the Reporting Person sold 8,475 shares in multiple trades at prices ranging from $12.46 to $13.095 per share.
- [F3]The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were effected.
- [F4]On April 8, 2026, the Reporting Person sold 8,467 shares in multiple trades at prices ranging from $12.40 to $13.21 per share.
- [F5]On April 9, 2026, the Reporting Person sold 19,143 shares in multiple trades at prices ranging from $11.135 to $12.01 per share.