Form 4: Guidewire CEO Sells Shares Under 10b5-1 Plan

Guidewire Software CEO Michael George Rosenbaum sold 1,400 shares of common stock for $232.25 per share on September 29, 2025, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Michael George Rosenbaum, Chief Executive Officer and Director of Guidewire Software, Inc. (GWRE), reported a sale of common stock.
• The transaction involved the disposition of 1,400 shares of GWRE common stock.
• The shares were sold at a price of $232.25 per share.
• The sale occurred on September 29, 2025.
• This transaction was an automatic sale executed pursuant to a Rule 10b5-1 trading plan.
• The 10b5-1 plan was adopted by Mr. Rosenbaum on October 15, 2024.
• Following this transaction, Mr. Rosenbaum beneficially owns 262,158 shares of Guidewire Software, Inc. common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-scheduled insider stock sale under a 10b5-1 plan, which is generally considered neutral in terms of market sentiment as it does not typically reflect a change in management's outlook on the company's prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

Insider transactions, particularly those executed under Rule 10b5-1 plans, are a routine aspect of corporate governance and executive compensation. Such pre-arranged sales are common for executives to diversify holdings and manage liquidity without being subject to accusations of trading on material non-public information.

Stakeholder Impact

• Shareholders: A routine insider sale under a 10b5-1 plan typically has minimal direct impact on shareholders, as it is a pre-planned event and not indicative of new information or a change in company fundamentals.

Key Dates

Recommendation

The reported transaction is a routine, pre-scheduled sale of a relatively small number of shares by the CEO under a 10b5-1 plan. Such transactions are common for executive compensation and diversification and do not typically signal a change in the company's fundamental outlook or warrant a change in investment recommendation. Investors should continue to evaluate Guidewire Software based on its financial performance, strategic initiatives, and broader market conditions.

Keywords

Guidewire Software, GWRE, Insider Trading, Form 4, 10b5-1 Plan, Stock Sale, CEO, Michael George Rosenbaum