Form 4: Thoma Bravo UGP Sells 2.5 Million Shares of SailPoint, Inc.

Thoma Bravo UGP, LLC, a major shareholder of SailPoint, Inc., reports the sale of 2,500,000 shares of common stock at a price of $21.9075 per share on February 14, 2025.

Summary

• On February 14, 2025, Thoma Bravo UGP, LLC sold 2,500,000 shares of SailPoint, Inc. common stock.
• The sale price was $21.9075 per share.
• Following the transaction, Thoma Bravo UGP, LLC still beneficially owns 479,842,514 shares indirectly through various Thoma Bravo Funds.
• The reporting entities include Thoma Bravo UGP, LLC, Thoma Bravo Co-Invest Opportunities XV-3, L.P., and Project Quail Opportunities, L.P.

Sentiment

Score: 5

Explanation: Neutral sentiment. This is a factual report of a share sale. The impact on the company depends on market perception and the reasons behind the sale, which are not disclosed.

Industry Context

This Form 4 filing indicates a significant transaction by a major shareholder, Thoma Bravo, in SailPoint, a company in the identity governance market. Such transactions are closely watched by investors as they can signal changes in the investor's outlook on the company's future prospects.

Comparison to Industry Standards

• It's difficult to compare this transaction directly to industry standards without knowing the specific reasons behind the sale.
• However, large private equity firms like Thoma Bravo often adjust their holdings in portfolio companies after a certain period, especially following events like an IPO or acquisition.
• Comparable transactions would involve other major shareholders in similar software companies adjusting their positions.

Stakeholder Impact

• The sale of a significant number of shares by a major shareholder like Thoma Bravo could potentially impact shareholder confidence.
• The market may interpret this sale in various ways, influencing the stock price.

Key Dates

Keywords

SailPoint, Thoma Bravo, Share Sale, Form 4, Beneficial Ownership, Equity Securities