Form 4: Guidewire CEO Sells 1,400 Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Guidewire Software's CEO, Michael George Rosenbaum, sold 1,400 shares of common stock at $201.9 per share under a pre-arranged 10b5-1 trading plan.
Summary
- Michael George Rosenbaum, CEO of Guidewire Software, sold 1,400 shares of the company's common stock.
- The sale occurred on January 27, 2025, at a price of $201.9 per share.
- This transaction was executed under a pre-arranged 10b5-1 trading plan adopted on October 15, 2024.
- Following the sale, Rosenbaum directly owns 277,530 shares of Guidewire common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction under a pre-arranged trading plan, which is neither positive nor negative for the company's outlook.
Industry Context
This is a routine transaction under a pre-arranged trading plan, which is common for executives to manage their personal finances and avoid accusations of insider trading.
Comparison to Industry Standards
- The use of 10b5-1 trading plans is a standard practice among executives at publicly traded companies, including those in the software industry like Salesforce (CRM) and Adobe (ADBE).
- These plans allow for scheduled stock sales to avoid any appearance of trading on inside information.
- The volume of shares sold is relatively small compared to the total outstanding shares of Guidewire, and is not unusual for executive transactions.
Stakeholder Impact
- The sale is unlikely to have a significant impact on shareholders, as it is a small transaction by the CEO under a pre-arranged plan.
Key Dates
| Date | Description |
|---|---|
| 2024-10-15 | Date the 10b5-1 trading plan was adopted by the Reporting Person. |
| 2025-01-27 | Date of the stock sale transaction. |
| 2025-01-28 | Date of the signature on the form. |
Keywords
Guidewire Software, GWRE, Michael George Rosenbaum, CEO, stock sale, 10b5-1 trading plan, insider trading
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