Sudhakar Ramakrishna - Aug 16, 2022 Form 4 Insider Report for Sailpoint Technologies Holdings, Inc. (SAIL)

Role
Director
Signature
/s/ Ryan Clyde, attorney-in-fact
Stock symbol
SAIL
Transactions as of
Aug 16, 2022
Transactions value $
$0
Form type
4
Date filed
8/16/2022, 05:36 PM
Previous filing
Aug 17, 2022
Next filing
Oct 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIL Common Stock Disposed to Issuer $0 -6.52K -100% $0.00* 0 Aug 16, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Sudhakar Ramakrishna is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

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.