Christopher Schmitt - Jul 15, 2021 Form 4 Insider Report for Sailpoint Technologies Holdings, Inc. (SAIL)

Signature
/s/ Christopher G. Schmitt
Stock symbol
SAIL
Transactions as of
Jul 15, 2021
Transactions value $
-$159,398
Form type
4
Date filed
7/19/2021, 05:10 PM
Previous filing
Jun 2, 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 Options Exercise $11.6K +3.66K +7.76% $3.17* 50.8K Jul 15, 2021 Direct F1
transaction SAIL Common Stock Sale -$157K -3.36K -6.61% $46.66 47.5K Jul 15, 2021 Direct F1, F2
transaction SAIL Common Stock Sale -$14.2K -300 -0.63% $47.45 47.2K Jul 15, 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 -3.66K -14.29% $0.00 21.9K Jul 15, 2021 Common Stock 3.66K $3.17 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 reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 14, 2021 (the "10b5-1 Plan"). No more than 50,028 shares may be sold in the aggregate under the 10b5-1 Plan, which terminates no later than July 15, 2022, regardless of whether the maximum of 50,028 shares in the aggregate have been sold.
F2 On July 15, 2021, pursuant to the 10b5-1 Plan, Mr. Schmitt sold 3,360 shares in multiple trades at prices ranging from $46.24 to $47.01 per share. The price reported above reflects the weighted average sale price. Mr. Schmitt 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 On July 15, 2021, pursuant to the 10b5-1 Plan, Mr. Schmitt sold 300 shares in multiple trades at prices ranging from $47.38 to $47.48 per share. The price reported above reflects the weighted average sale price. Mr. Schmitt 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 On March 24, 2017, the reporting person was granted an option to purchase 70,000 shares of common stock. As to 35,000 shares, 25% vested on March 13, 2018 and the remaining 75% vest in equal installments on a monthly basis over the 36-month period following March 13, 2018. As to the other 35,000 shares, (i) 7,280 vested on January 15, 2018; (ii) 26,250 vested in equal installments on each of January 15, 2019, January 15, 2020, and January 15, 2021; and (iii) 1,470 vested on April 15, 2021.