| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SAIL | Common Stock | Disposed to Issuer | $0 | -27.3K | -100% | $0.00* | 0 | Aug 16, 2022 | Direct | F1, F2 |
| transaction | SAIL | Common Stock | Disposed to Issuer | $0 | -144K | -100% | $0.00* | 0 | Aug 16, 2022 | By MMJ Living Trust | F1, F3 |
James Michael Pflaging is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | Pursuant to the Agreement and Plan of Merger, dated April 10, 2022 (the Merger Agreement), by and among SailPoint Technologies Holdings, Inc. (Issuer), SailPoint Intermediate Holdings III, LP (f/k/a Project Hotel California Holdings, LP) (Parent) and Project Hotel California Merger Sub, Inc. (Merger Sub), on August 16, 2022, Merger Sub merged with and into Issuer, with Issuer surviving the merger as a wholly-owned subsidiary of Parent (such merger and the other transactions contemplated by the Merger Agreement, the Merger). At the effective time of the Merger, each then outstanding share of Issuer common stock was cancelled and extinguished and automatically converted into the right to receive an amount in cash equal to $65.25, without interest thereon and less any applicable withholding taxes. |
| F2 | These shares include restricted stock units. At the Effective Time, each restricted stock unit award in respect of shares of Issuer common stock (RSU) that was outstanding as of immediately prior to the Effective Time and held by a non-employee member of the Board of Directors as of the Effective Time (Vested RSU) was automatically cancelled and converted into the right to receive an amount in cash, without interest, equal to $65.25 multiplied by the total number of shares of such Vested RSU, subject to any required withholding of taxes. |
| F3 | The Reporting Person is a co-trustee for the MMJ Living Trust (the "Trust"), the beneficiary of which is an immediate family member of the Reporting Person. As such, the Reporting Person may be deemed to beneficially own all of the shares held by the Trust; however, the Reporting Person disclaims beneficial ownership of the shares held by the Trust except to the extent of his pecuniary interest therein. |