Form 4: Guidewire Software CEO Michael Rosenbaum Executes Pre-Arranged Stock Sale

Guidewire Software CEO Michael Rosenbaum executed an automatic sale of 1,400 shares of common stock on July 7, 2025, at a price of $230.7 per share, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Michael George Rosenbaum, the Chief Executive Officer and a Director of Guidewire Software, Inc. (GWRE), reported a transaction involving the company's common stock.
• On July 7, 2025, Mr. Rosenbaum disposed of 1,400 shares of Guidewire Software common stock.
• The shares were sold at a price of $230.7 per share.
• Following this transaction, Mr. Rosenbaum beneficially owns 234,468 shares of common stock.
• The sale was an automatic transaction executed pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Rosenbaum on October 15, 2024.

Sentiment

Score: 6

Explanation: The transaction is an automatic sale under a pre-arranged 10b5-1 trading plan, which indicates a planned disposition not based on immediate non-public information, generally viewed as a neutral to slightly positive sign of compliance and transparency, despite being an insider sale.

Positives

• The transaction was executed under a Rule 10b5-1 trading plan, indicating a pre-scheduled sale not based on immediate non-public information, which enhances transparency and compliance.

Negatives

• CEO Michael Rosenbaum sold 1,400 shares of common stock, which represents a reduction in insider ownership.

Risks

• Potential for negative investor perception regarding insider selling, although mitigated by the pre-arranged 10b5-1 plan.

Future Outlook

N/A

Management Comments

• N/A

Industry Context

N/A

Comparison to Industry Standards

• N/A

Legal Proceedings

• N/A

Related Party Transactions

• N/A

Stakeholder Impact

• Shareholders: The sale of shares by the CEO, while part of a pre-arranged plan, results in a minor reduction in insider ownership. This is generally a routine event for executives and is unlikely to have a significant impact on shareholder value.

Next Steps

• N/A

Key Dates

Keywords

Guidewire Software, GWRE, Michael Rosenbaum, Form 4, insider trading, stock sale, 10b5-1 plan, CEO, director