Market Overview

SailPoint Launches Follow-On Offering by Selling Stockholders

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SailPoint
Technologies Holdings, Inc.
(NYSE:SAIL) ("SailPoint" or
the "Company") announced today the commencement of an underwritten
public offering of 12,500,000 shares of its common stock by certain
selling stockholders of the Company. Such selling stockholders will also
grant the underwriters a 30-day option to purchase up to an additional
1,875,000 shares of the Company's common stock. The Company will not
receive any of the proceeds from the sale of the shares being offered by
the selling stockholders but will bear the costs associated with the
sale of such shares, other than underwriting discounts and commissions.

Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, Citigroup Global
Markets Inc., Jefferies LLC and RBC Capital Markets, LLC are acting as
book-running managers for the offering. KeyBanc Capital Markets Inc.,
Piper Jaffray & Co., Canaccord Genuity LLC, Oppenheimer & Co. Inc. and
BTIG, LLC are acting as co-managers.

The proposed offering will be made only by means of a prospectus. A copy
of the preliminary prospectus, when available, may be obtained from:
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick
Street, 2nd Floor, New York, New York 10014; Goldman Sachs & Co. LLC,
Attention: Prospectus Department, 200 West Street, 29th Floor, New York,
New York 10282, or by telephone at (866) 471-2526 or by email at Prospectus-ny@ny.email.gs.com;
Citigroup Global Markets Inc. c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, New York 11717 or by calling (800)
831-9146; Jefferies LLC, Attention: Equity Syndicate Prospectus
Department, 520 Madison Ave, 12th Floor, New York, New York 10022,
Telephone: 877-547-6340, Email: Prospectus_Department@Jefferies.com;
or RBC Capital Markets, LLC, Attention Equity Syndicate, 200 Vesey
Street, 8th Floor, New York, New York 10281-8098, or by telephone at
(877) 822-4089 or by email at equityprospectus@rbccm.com.

A registration statement relating to these securities has been filed
with the United States Securities and Exchange Commission but has not
yet become effective. These securities may not be sold, nor may offers
to buy be accepted, prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.

About SailPoint

SailPoint, a leading provider of enterprise identity governance
solutions, brings the Power of Identity to customers around the world.
SailPoint's open identity platform gives organizations the power to
enter new markets, scale their workforces, embrace new technologies,
innovate faster and compete on a global basis. As both an industry
pioneer and market leader in identity governance, SailPoint delivers
security, operational efficiency and compliance to enterprises with
complex IT environments. SailPoint's customers are among the world's
largest companies in a wide range of industries, including: 7 of the top
15 banks, 4 of the top 6 healthcare insurance and managed care
providers, 9 of the top 15 property and casualty insurance providers, 5
of the top 15 pharmaceutical companies, and 11 of the largest 15 federal
agencies.

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SailPoint, the SailPoint logo, IdentityIQ, IdentityNow, IdentityAI,
SecurityIQ and all techniques are trademarks or registered trademarks of
SailPoint Technologies Holdings, Inc. in the U.S. and/or other
countries. All other products or services are trademarks of their
respective companies.

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