Form 4: Guidewire Software CEO Michael Rosenbaum Sells Shares Under 10b5-1 Trading Plan

Guidewire Software's CEO, Michael George Rosenbaum, sold 1,400 shares of common stock at $170.04 per share on March 10, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Michael George Rosenbaum, the CEO of Guidewire Software, Inc., reported a transaction involving the sale of company stock.
• On March 10, 2025, Rosenbaum sold 1,400 shares of common stock at a price of $170.04 per share.
• The sale was executed under a pre-arranged 10b5-1 trading plan adopted on October 15, 2024.
• Following the transaction, Rosenbaum directly owns 269,130 shares of Guidewire Software common stock.

Sentiment

Score: 5

Explanation: The document reports a routine stock sale under a pre-arranged trading plan, which is neither particularly positive nor negative. It's a neutral event.

Industry Context

Sales by insiders are a common occurrence, especially when executed under pre-arranged trading plans like 10b5-1 plans. These plans allow insiders to sell shares over a period of time without being accused of trading on non-public information. The market typically views these sales as routine unless the size or frequency is unusual.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, but is unlikely to be significant given the relatively small number of shares sold and the existence of the 10b5-1 trading plan.
• The sale is unlikely to have any direct impact on employees, customers, suppliers, or creditors.

Key Dates