Form 4: Guidewire Software CEO Michael Rosenbaum Sells 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 a price of $194.90 per share on April 14, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On April 14, 2025, Michael George Rosenbaum, the CEO of Guidewire Software, Inc. (GWRE), sold 1,400 shares of the company's common stock.
- The sale was executed at a price of $194.90 per share.
- The transaction was conducted under a pre-arranged 10b5-1 trading plan adopted by Rosenbaum on October 15, 2024.
- Following the transaction, Rosenbaum directly owns 257,193 shares of Guidewire Software.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by company executives are a normal part of corporate governance. The fact that the sale was executed under a 10b5-1 trading plan suggests that the sale was pre-planned and not based on any inside information.
Stakeholder Impact
- The sale of shares by the CEO could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| October 15, 2024 | Date the Reporting Person adopted the 10b5-1 Trading Plan |
| April 14, 2025 | Date of the stock sale transaction |
Keywords
Guidewire Software, GWRE, Michael Rosenbaum, CEO, stock sale, Form 4, 10b5-1 trading plan, insider trading
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