X0306 4 2020-12-16 0 0001627857 Sailpoint Technologies Holdings, Inc. SAIL 0001820482 Schmitt Christopher 11120 FOUR POINTS DRIVE SUITE 100 AUSTIN TX 78726 0 1 0 0 General Counsel and Secretary Common Stock 2020-12-16 4 M 0 729 3.17 A 40596 D Common Stock 2020-12-16 4 S 0 729 52.03 D 39867 D Stock Option (right to buy) 3.17 2020-12-16 4 M 0 729 0.00 D 2027-03-24 Common Stock 729 27792 D The exercise and sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 13, 2020 (the "10b5-1 Plan"). No more than 50,702 shares may be sold in the aggregate under the 10b5-1 Plan, which terminates no later than April 16, 2021, regardless of whether the maximum of 50,702 shares in the aggregate have been sold. Pursuant to the 10b5-1 Plan, the reporting person sold 729 shares in a single trade at a price of 52.03 per share. On March 24, 2017, the reporting person was granted an option to purchase 70,000 shares of common stock. As to 35,000 shares, 25% vested on March 13, 2018 and the remaining 75% vest in equal installments on a monthly basis over the 36-month period following March 13, 2018. As to the other 35,000 shares, (i) 7,280 vested on January 15, 2018; (ii) 26,250 vest in equal installments on each of January 15, 2019, January 15, 2020, and January 15, 2021; and (iii) 1,470 vest on April 15, 2021. /s/ Christopher G. Schmitt 2020-12-18