Mark D. McClain - May 17, 2021 Form 4 Insider Report for Sailpoint Technologies Holdings, Inc. (SAIL)

Role: CEO and President, Director
Signature: /s/ Christopher G. Schmitt, attorney-in-fact
Stock symbol: SAIL
Transactions as of: May 17, 2021
Transactions value $: -$2,500,400
Form type: 4
Date filed: 5/18/2021, 05:08 PM
Next filing: Jun 2, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SAIL	Common Stock	Sale	-$893K	-20K	-1.92%	$44.65	1.02M	May 17, 2021	Direct	F1
transaction	SAIL	Common Stock	Sale	-$1.34M	-30K	-7.13%	$44.65	391K	May 17, 2021	By McClain Charitable Remainder Unitrust	F2, F3
transaction	SAIL	Common Stock	Sale	-$89.3K	-2K	-5.88%	$44.65	32K	May 17, 2021	By McClain RHD 2015 Trust	F4, F5
transaction	SAIL	Common Stock	Sale	-$89.3K	-2K	-5.88%	$44.65	32K	May 17, 2021	By McClain ADM 2015 Trust	F5, F6
transaction	SAIL	Common Stock	Sale	-$89.3K	-2K	-5.88%	$44.65	32K	May 17, 2021	By McClain GMM 2015 Trust	F5, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On May 17, 2021, pursuant to a plan of disposition adopted by Mr. McClain on June 10, 2020 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "10b5-1 Plan"), Mr. McClain sold 20,000 shares in a single trade at a price of $44.65 per share. No more than 240,000 shares may be sold in the aggregate under the 10b5-1 Plan, which terminates no later than July 15, 2021, regardless of whether the maximum of 240,000 shares in the aggregate have been sold.
F2	On May 17, 2021, pursuant to a plan of disposition adopted by the McClain Charitable Remainder Unitrust (the "Unitrust") on June 10, 2020 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "Unitrust 10b5-1 Plan"), the Unitrust sold 30,000 shares in a single trade at a price of $44.65 per share. No more than 420,000 shares may be sold in the aggregate under the Unitrust 10b5-1 Plan, which terminates no later than July 15, 2021, regardless of whether the maximum of 420,000 shares in the aggregate have been sold.
F3	Mr. McClain is a co-trustee for the Unitrust, and he shares investment control over, and may be deemed to have a pecuniary interest in, the shares held by the Unitrust. As such, Mr. McClain may be deemed to beneficially own all of the shares held by the Unitrust; however, Mr. McClain disclaims beneficial ownership of the shares held by the Unitrust except to the extent of his pecuniary interest therein.
F4	On May 17, 2021, pursuant to a plan of disposition adopted by the McClain RHD 2015 Trust (the "RHD Trust") on June 10, 2020 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "RHD 10b5-1 Plan"), the RHD Trust sold 2,000 shares in a single trade at a price of $44.65 per share. No more than 24,000 shares may be sold in the aggregate under the RHD 10b5-1 Plan, which terminates no later than July 15, 2021, regardless of whether the maximum of 24,000 shares in the aggregate have been sold.
F5	Mr. McClain is a co-trustee for each of the RHD Trust, McClain ADM 2015 Trust (the "ADM Trust") and McClain GMM 2015 Trust (the "GMM Trust", and together with the RHD Trust and the ADM Trust, the "Family Trusts"). The beneficiary of each of the Family Trusts is an immediate family member of Mr. McClain's. As such, Mr. McClain may be deemed to beneficially own all of the shares held by the Family Trusts; however, Mr. McClain disclaims beneficial ownership of the shares held by the Family Trusts except to the extent of his pecuniary interest therein.
F6	On May 17, 2021, pursuant to a plan of disposition adopted by the ADM Trust on June 10, 2020 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "ADM 10b5-1 Plan"), the ADM Trust sold 2,000 shares in a single trade at a price of $44.65 per share. No more than 24,000 shares may be sold in the aggregate under the ADM 10b5-1 Plan, which terminates no later than July 15, 2021, regardless of whether the maximum of 24,000 shares in the aggregate have been sold.
F7	On May 17, 2021, pursuant to a plan of disposition adopted by the GMM Trust on June 10, 2020 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "GMM 10b5-1 Plan"), the GMM Trust sold 2,000 shares in a single trade at a price of $44.65 per share. No more than 24,000 shares may be sold in the aggregate under the GMM 10b5-1 Plan, which terminates no later than July 15, 2021, regardless of whether the maximum of 24,000 shares in the aggregate have been sold.