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Get filing alertsSailPoint replaces board member with Thoma Bravo-designated director Collin Gallagher
Filed June 12, 2026 · Period ending June 8, 2026 · ~1 min read
Key Changes
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Private equity firm Thoma Bravo exercised contractual rights to appoint Collin Gallagher as Class III director, replacing departing board member Nabil Hamade effective June 12, 2026.
Item 5.02 verify on EDGAR → -
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Hamade's resignation was explicitly stated as not due to any disagreement with company operations, policies, or practices, indicating a routine departure rather than conflict-driven exit.
Item 5.02 verify on EDGAR → -
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Gallagher will serve without compensation, typical for PE-designated directors who already have economic interests through sponsor equity ownership.
Item 5.02 verify on EDGAR →
Summary
SailPoint disclosed a routine board transition as Nabil Hamade resigned effective June 12, 2026, with no disagreements cited. Private equity sponsor Thoma Bravo immediately exercised its contractual designation rights under a February 2025 agreement to appoint Collin Gallagher as his replacement in the Class III director seat. For retail investors, this filing reinforces Thoma Bravo's ongoing governance control through board designation rights, a standard feature of PE-backed companies.
The seamless transition and lack of compensation for Gallagher (typical for sponsor-designated directors) suggest business-as-usual governance rather than any strategic shift. Watch for Gallagher's background and whether his appointment signals any operational changes in SailPoint's strategic direction, particularly around capital allocation or potential exit planning by the PE sponsor.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Pursuant to its rights under the Director Designation Agreement, dated February 12, 2025 (the “Director Designation Agreement”), between the Company and certain funds affiliated with Thoma Bravo, L.P. named therein (such funds, “Thoma Bravo”), Thoma Bravo notified the Company that it designated Collin Gallagher to fill the vacancy on the Board to be created by Mr. Hamade’s resignation, and on June 12, 2026, the Board appointed Mr. Gallagher to join the Board as a Class III director effective on June 12, 2026.
Collin Gallagher was appointed to the Board as a Class III director on June 12, 2026, filling the vacancy created by Hamade's resignation. This appointment was made pursuant to Thoma Bravo's contractual designation rights under a February 2025 agreement, reflecting the private equity firm's ongoing governance influence over the company.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
Mr. Gallagher is not expected to receive any compensation for service on the Board.
The newly appointed director Collin Gallagher will not receive compensation for his Board service. This is typical for directors designated by private equity sponsors who already have economic interests through their equity ownership.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 12, 2026 · How we verify