Form 4: Guidewire CEO Sells Shares Under Pre-Arranged 10b5-1 Plan
Insider Transaction Report
Guidewire Software CEO Michael George Rosenbaum sold 1,400 shares of common stock for $214.7 per share on August 25, 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 transaction involving the company's common stock.
- The transaction was a disposition (sale) of 1,400 shares of Guidewire Software common stock.
- The shares were sold at a price of $214.7 per share.
- The transaction date was August 25, 2025.
- Following this reported transaction, Michael George Rosenbaum beneficially owns 224,668 shares of Guidewire Software common stock.
- The sale was an automatic transaction executed pursuant to a Rule 10b5-1 trading plan, which was adopted by the reporting person on October 15, 2024.
Sentiment
Score: 5
Explanation: A routine insider stock sale executed under a pre-arranged 10b5-1 plan is generally considered neutral. It does not reflect new information about the company's performance or outlook, but rather a planned liquidity event for the insider.
Industry Context
This filing reports a routine insider transaction and does not provide information relevant to broader industry trends or competitive analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan | The sale was conducted under a Rule 10b5-1 trading plan, which allows insiders to set up a pre-arranged schedule for buying or selling company stock to avoid accusations of insider trading. | 10/15/2024 | Enhances transparency and provides an affirmative defense against insider trading allegations for the reporting person, aligning with best practices for corporate governance regarding insider transactions. |
Stakeholder Impact
- Minimal direct impact on shareholders as this is a routine, pre-scheduled insider sale of a relatively small number of shares compared to the total outstanding shares.
- No direct impact on employees, customers, suppliers, or creditors is indicated in this filing.
Key Dates
| Date | Description |
|---|---|
| 10/15/2024 | Date the Rule 10b5-1 Trading Plan was adopted by Michael George Rosenbaum. |
| 08/25/2025 | Date of the common stock transaction. |
Keywords
Guidewire Software, GWRE, Michael George Rosenbaum, CEO, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Common Stock
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