McClain Mark D. 4

What Happened

• Mark D. McClain, CEO of SailPoint, was reported as receiving an award/grant of 1,498,371 shares on 2026-03-04. The filing shows an acquisition price of $0.00 for the shares (reported value $0). This is an equity award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (appears timely, within the usual 2-business-day window).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 1,498,371; reported price per share: $0.00; reported cash value: $0.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: The reporting person is trustee for two trusts (McClain GMM 2015 Trust and Paul N. McClain Gift Trust). He may be deemed to beneficially own shares held by those trusts but disclaims beneficial ownership except to the extent of his pecuniary interest.
• No indication in the filing that shares were sold or that this was a cashless exercise or tax-withholding event.

Context

• Grants/awards typically carry vesting or other restrictions; a $0.00 acquisition price is normal for stock awards and does not mean an immediate cash purchase. Such awards are compensation-related and don’t by themselves signal a CEO buying or selling stock in the open market.
• The trust disclosure means some shares associated with McClain may be held in trusts for family members; that affects legal reporting of beneficial ownership but is common in executive filings.