SailPoint (SAIL) Form 3 Initial statement of insider ownership

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

THOMA BRAVO UGP, LLC

(Last) (First) (Middle)

C/O THOMA BRAVO, L.P.

110 N. WACKER DRIVE, 32ND FLOOR

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/13/2025

3. Issuer Name and Ticker or Trading Symbol
SailPoint, Inc. [ SAIL ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	482,342,514(1)(2)	I	See footnote(3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

THOMA BRAVO UGP, LLC

(Last) (First) (Middle)

C/O THOMA BRAVO, L.P.

110 N. WACKER DRIVE, 32ND FLOOR

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

THOMA BRAVO EXECUTIVE FUND XIII, L.P.

(Last) (First) (Middle)

110 N. WACKER DRIVE, 32ND FLOOR

(Street)

CHICAGO, IL 60606

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

THOMA BRAVO FUND XIII, L.P.

(Last) (First) (Middle)

110 N. WACKER DRIVE, 32ND FLOOR

(Street)

CHICAGO, IL 60606

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

THOMA BRAVO FUND XIII-A, L.P.

(Last) (First) (Middle)

110 N. WACKER DRIVE, 32ND FLOOR

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

THOMA BRAVO EXECUTIVE FUND XV, L.P.

(Last) (First) (Middle)

110 N. WACKER DRIVE, 32ND FLOOR

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

THOMA BRAVO FUND XV, L.P.

(Last) (First) (Middle)

110 N. WACKER DRIVE, 32ND FLOOR

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

THOMA BRAVO FUND XV-A, L.P.

(Last) (First) (Middle)

110 N. WACKER DRIVE, 32ND FLOOR

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

THOMA BRAVO EMPLOYEE FUND, L.P.

(Last) (First) (Middle)

110 N. WACKER DRIVE, 32ND FLOOR

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

PROJECT HOTEL CALIFORNIA CO-INVEST FUND, L.P.

(Last) (First) (Middle)

110 N. WACKER DRIVE, 32ND FLOOR

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

THOMA BRAVO CO-INVEST OPPORTUNITIES XV-1, L.P.

(Last) (First) (Middle)

110 N. WACKER DRIVE, 32ND FLOOR

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

Explanation of Responses:

1. Consists of (i) 534,724 shares held directly by Thoma Bravo Executive Fund XIII, L.P. ("TB Exec Fund XIII"), (ii) 28,207,354 shares held directly by Thoma Bravo Fund XIII, L.P. ("TB Fund XIII"), (iii) 32,070,471 shares held directly by Thoma Bravo Fund XIII-A, L.P. ("TB Fund XIII-A"), (iv) 894,617 shares held directly by Thoma Bravo Executive Fund XV, L.P. ("TB Exec Fund XV"), (v) 92,805,752 shares held directly by Thoma Bravo Fund XV, L.P. ("TB Fund XV"), (vi) 163,299,537 shares held directly by Thoma Bravo Fund XV-A, L.P. ("TB Fund XV-A"), (vii) 34,465 shares held directly by Thoma Bravo Employee Fund, L.P. ("TB Employee Fund"),

2. (continued from footnote 1) (viii) 152,881,261 shares held directly by Project Hotel California Co-Invest Fund, L.P. ("TB Co-Invest Fund"), (ix) 2,114,350 shares held directly by Thoma Bravo Co-Invest Opportunities XV-1, L.P. ("TB Co-Invest XV-1 Fund"), (x) 1,122,828 shares held directly by Thoma Bravo Co-Invest Opportunities XV-3, L.P. ("TB Co-Invest XV-3 Fund"), and (xi) 8,377,155 shares held directly by Project Quail Opportunities, L.P. ("TB Quail Fund" and, together with TB Exec Fund XIII, TB Fund XIII, TB Fund XIII-A, TB Exec Fund XV, TB Fund XV, TB Fund XV-A, TB Employee Fund, TB Co-Invest Fund, TB Co-Invest XV-1 Fund and TB Co-Invest XV-3 Fund, the "Thoma Bravo Funds").

3. Thoma Bravo UGP, LLC ("Thoma Bravo UGP") is the ultimate general partner of the Thoma Bravo Funds and may be deemed to beneficially own shares of common stock of SailPoint, Inc. ("Common Stock") directly held by the Thoma Bravo Funds. Thoma Bravo UGP disclaims beneficial ownership of the shares of Common Stock directly held by the Thoma Bravo Funds except to the extent of its pecuniary interest therein.

Remarks:

(1 of 2)

	/s/ Seth Boro, Authorized Signatory	02/13/2025
	** Signature of Reporting Person	Date
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