Jason Ream - May 28, 2021 Form 4 Insider Report for Sailpoint Technologies Holdings, Inc. (SAIL)

Role
Chief Financial Officer
Signature
/s/ Christopher G. Schmitt, attorney-in-fact
Stock symbol
SAIL
Transactions as of
May 28, 2021
Transactions value $
-$694,049
Form type
4
Date filed
6/2/2021, 05:30 PM
Previous filing
May 21, 2021
Next filing
Aug 31, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIL Common Stock Tax liability -$53.4K -1.15K -0.94% $46.53 121K May 28, 2021 Direct
transaction SAIL Common Stock Tax liability -$32.1K -690 -0.57% $46.53 120K May 28, 2021 Direct
transaction SAIL Common Stock Options Exercise $64.5K +3.67K +3.05% $17.56 124K Jun 1, 2021 Direct F1
transaction SAIL Common Stock Sale -$613K -13.7K -11.03% $44.80 110K Jun 1, 2021 Direct F1, F2
transaction SAIL Common Stock Sale -$60.2K -1.32K -1.2% $45.54 109K Jun 1, 2021 Direct F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SAIL Stock Option (right to buy) Options Exercise $0 -3.67K -4.09% $0.00 86.1K Jun 1, 2021 Common Stock 3.67K $17.56 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercise and sale dated June 1, 2021 reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 10, 2020 (the "10b5-1 Plan"). No more than 75,000 shares may be sold in the aggregate under the 10b5-1 Plan, which terminates no later than December 13, 2021, regardless of whether the maximum of 75,000 shares in the aggregate have been sold.
F2 Mr. Ream sold 13,678 shares in multiple trades at prices ranging from $44.26 to $45.22 per share. The price reported above reflects the weighted average sale price. Mr. Ream 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 transaction was effected.
F3 Mr. Ream sold 1,322 shares in multiple trades at prices ranging from $45.27 to $45.97 per share. The price reported above reflects the weighted average sale price. Mr. Ream 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 transaction was effected.
F4 Stock option granted on June 10, 2019, which vests as follows: 25% vested on June 10, 2020 and then 1/48th on each monthly anniversary of the date of grant thereafter over the following 36 months.