Mark D. McClain - Jul 15, 2021 Form 4 Insider Report for Sailpoint Technologies Holdings, Inc. (SAIL)

Signature
/s/ Christopher G. Schmitt, attorney-in-fact
Stock symbol
SAIL
Transactions as of
Jul 15, 2021
Transactions value $
-$3,334,160
Form type
4
Date filed
7/19/2021, 05:07 PM
Previous filing
Jun 17, 2021
Next filing
Aug 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIL Common Stock Sale -$939K -20K -2% $46.96 978K Jul 15, 2021 Direct F1
transaction SAIL Common Stock Sale -$2.11M -45K -12.47% $46.96 316K Jul 15, 2021 By McClain Charitable Remainder Unitrust F2, F3
transaction SAIL Common Stock Sale -$93.9K -2K -6.67% $46.96 28K Jul 15, 2021 By McClain RHD 2015 Trust F4, F5
transaction SAIL Common Stock Sale -$93.9K -2K -6.67% $46.96 28K Jul 15, 2021 By McClain ADM 2015 Trust F5, F6
transaction SAIL Common Stock Sale -$93.9K -2K -6.67% $46.96 28K Jul 15, 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 July 15, 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 $46.96 per share. All 240,000 shares under the 10b5-1 Plan have been sold.
F2 On July 15, 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 45,000 shares in a single trade at a price of $46.96 per share. All 420,000 shares under the Unitrust 10b5-1 Plan 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 July 15, 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 $46.96 per share. All 24,000 shares under the RHD 10b5-1 Plan 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 July 15, 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 $46.96 per share. All 24,000 shares under the ADM 10b5-1 Plan have been sold.
F7 On July 15, 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 $46.96 per share. All 24,000 shares under the GMM 10b5-1 Plan have been sold.