This cluster is too small dollar-wise to warrant a bearish read on SAIL. The identical execution prices and CFO/CEO participation point to a pre-arranged 10b5-1 plan rather than a reaction to business deterioration. Monitor next quarter's 10-Q for any revenue/EPS deceleration — standalone insider selling at these levels is noise.
Price Chart
Executive Summary
A cluster of insider sales at SailPoint over 7 days, led by the CEO ($1.23M) and CFO ($339K), totals $1.57M in open-market selling. At an $8.6B market cap, this represents ~0.018% — below the trivial threshold for statistical significance — and the insiders all sold 10b5-1 schedule-aligned blocks at the same prices/execution, pointing to a pre-arranged trading plan rather than informed bearish sentiment.
Key Financial Metrics
Key Facts
- Total insider sales of $1.57M represent ~0.018% of $8.6B market cap — well below the 0.1% materiality threshold
- CEO Mark McClain sold 76,865 shares ($1.23M) and CFO Brian Carolan sold 21,115 shares ($339K) on 2026-07-07 at $16.05
- All 12 trades in the cluster occurred at near-identical prices ($16.05–$16.73), suggesting a common 10b5-1 plan or share-vesting/blackout-window execution, not idiosyncratic bearish signals
- 30-day trailing insider activity shows $3.9M in total selling across 10 transactions, indicating a steady cadence of plan-based selling
Financial Impact
Trivial — total cluster value of $1.57M is less than 0.02% of market cap
Risk Factors
- If total insider selling continues to accelerate beyond the prior 30d run rate of $3.9M, it could become a signal of management conviction
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SAIL-1783630878823 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | 144 | $20.77 | awaiting T+20 | — | $21.75 (+4.72%) |
Oct 7, 2026 19d ago | 144 | $20.02 | awaiting T+20 | — | $21.75 (+8.64%) |
Oct 7, 2026 19d ago | 144 | $20.02 | awaiting T+20 | — | $21.75 (+8.64%) |
Oct 7, 2026 19d ago | 144 | $20.02 | awaiting T+20 | — | $21.75 (+8.64%) |
Oct 7, 2026 19d ago | 144 | $20.02 | awaiting T+20 | — | $21.75 (+8.64%) |
Oct 7, 2026 19d ago | 144 | $20.02 | awaiting T+20 | — | $21.75 (+8.64%) |
Oct 7, 2026 19d ago | 144 | $20.02 | awaiting T+20 | — | $21.75 (+8.64%) |
Oct 6, 2026 20d ago | 144 | $19.58 | awaiting T+20 | — | $21.75 (+11.08%) |
Oct 6, 2026 20d ago | 144 | $19.58 | awaiting T+20 | — | $21.75 (+11.08%) |
Oct 6, 2026 20d ago | 144 | $19.58 | awaiting T+20 | — | $21.75 (+11.08%) |
US Market Status
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