Mark D. McClain - Dec 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
Dec 15, 2021
Transactions value $
-$1,393,200
Form type
4
Date filed
12/17/2021, 03:29 PM
Previous filing
Nov 30, 2021
Next filing
Jan 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIL Common Stock Gift $0 -20K -2.33% $0.00 839K Dec 7, 2021 Direct F1
transaction SAIL Common Stock Gift $0 -20K -2.38% $0.00 819K Dec 7, 2021 Direct F1
transaction SAIL Common Stock Gift $0 -20K -2.44% $0.00 799K Dec 7, 2021 Direct F1
transaction SAIL Common Stock Gift $0 +20K +71.43% $0.00 48K Dec 7, 2021 By McClain RHD 2015 Trust F1, F2
transaction SAIL Common Stock Gift $0 +20K +71.43% $0.00 48K Dec 7, 2021 By McClain ADM 2015 Trust F1, F2
transaction SAIL Common Stock Gift $0 +20K +71.43% $0.00 48K Dec 7, 2021 By McClain GMM 2015 Trust F1, F2
transaction SAIL Common Stock Gift $0 -80K -10.01% $0.00 719K Dec 15, 2021 Direct F3
transaction SAIL Common Stock Sale -$1.16M -25K -3.48% $46.44 694K Dec 15, 2021 Direct F4
transaction SAIL Common Stock Sale -$232K -5K -1.75% $46.44 281K Dec 15, 2021 By McClain Charitable Remainder Unitrust F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 7, 2021, Mr. McClain gifted 20,000 shares to each of the McClain RHD 2015 Trust (the "RHD Trust"), the McClain ADM 2015 Trust (the "ADM Trust") and the McClain GMM 2015 Trust (the "GMM Trust", and together with the RHD Trust and the ADM Trust, the "Family Trusts").
F2 Mr. McClain is a co-trustee for each of 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.
F3 This transaction involves a gift to a charitable trust.
F4 On December 15, 2021, pursuant to a plan of disposition adopted by Mr. McClain on May 23, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "10b5-1 Plan"), Mr. McClain sold 25,000 shares in a single trade at a price of $46.44 per share. No more than 300,000 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 300,000 shares in the aggregate have been sold.
F5 On December 15, 2021, pursuant to a plan of disposition adopted by the McClain Charitable Remainder Unitrust (the "Unitrust") on May 23, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "Unitrust 10b5-1 Plan"), the Unitrust sold 5,000 shares in a single trade at a price of $46.44 per share. No more than 100,000 shares may be sold in the aggregate under the Unitrust 10b5-1 Plan, which terminates no later than July 15, 2022, regardless of whether the maximum of 100,000 shares in the aggregate have been sold.
F6 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.