Gnanasambandam Chandrasekar 4

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.