Christopher Schmitt - Feb 15, 2022 Form 4 Insider Report for Sailpoint Technologies Holdings, Inc. (SAIL)

Signature
/s/ Ryan Clyde, attorney-in-fact
Stock symbol
SAIL
Transactions as of
Feb 15, 2022
Transactions value $
-$119,688
Form type
4
Date filed
2/16/2022, 03:54 PM
Previous filing
Feb 14, 2022
Next filing
Mar 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIL Common Stock Options Exercise $16.4K +1.37K +2.13% $12.00* 65.7K Feb 15, 2022 Direct F1
transaction SAIL Common Stock Sale -$40.7K -1K -1.52% $40.71 64.7K Feb 15, 2022 Direct F1, F2
transaction SAIL Common Stock Sale -$15.3K -370 -0.57% $41.37 64.3K Feb 15, 2022 Direct F1, F3
transaction SAIL Common Stock Sale -$42.5K -1.05K -1.63% $40.55 63.3K Feb 15, 2022 Direct F1, F4
transaction SAIL Common Stock Sale -$37.6K -912 -1.44% $41.20 62.4K Feb 15, 2022 Direct F1, F5

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 -1.37K -8.32% $0.00 15.1K Feb 15, 2022 Common Stock 1.37K $12.00 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercises and sales 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 February 15, 2022, pursuant to the 10b5-1 Plan, Mr. Schmitt sold 1,000 shares in multiple trades at prices ranging from $40.18 to $41.17 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 February 15, 2022, pursuant to the 10b5-1 Plan, Mr. Schmitt sold 370 shares in multiple trades at prices ranging from $41.19 to $41.46 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 February 15, 2022, pursuant to the 10b5-1 Plan, Mr. Schmitt sold 1,049 shares in multiple trades at prices ranging from $40.02 to $40.95 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.
F5 On February 15, 2022, pursuant to the 10b5-1 Plan, Mr. Schmitt sold 912 shares in multiple trades at prices ranging from $41.02 to $41.46 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.
F6 On November 16, 2017, the reporting person was granted an option to purchase 58,333 shares of common stock, 25% of which vested on the first anniversary of the date of grant and then 1/48th of which vested on each monthly anniversary of the date of grant thereafter, such that 100% of the award had vested by the fourth anniversary of the date of grant.