Form 4: Guidewire Software CFO Sells Shares Under 10b5-1 Trading Plan

Jeffrey Elliott Cooper, CFO of Guidewire Software, sold shares of the company's common stock between March 18 and March 19, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Jeffrey Elliott Cooper, the Chief Financial Officer of Guidewire Software, Inc. (GWRE), reported the sale of company stock.
• The transactions occurred on March 18 and 19, 2025.
• The sales were executed under a 10b5-1 trading plan adopted on October 15, 2024.
• On March 18, 2025, 1,956 shares were sold at a price of $189.4134 per share.
• On March 19, 2025, multiple sales occurred: 485 shares at an average price of $191.3323, 819 shares at $193.1959, 603 shares at $194.1001, and 200 shares at $194.98.
• Following these transactions, Cooper directly owns 69,431 shares of Guidewire Software, Inc.
• Some shares were sold by the Issuer to cover taxes associated with settlement of Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to insider trading. The sales were conducted under a pre-arranged plan, so it doesn't necessarily indicate a negative outlook. Therefore, the sentiment is neutral.

Positives

• The sales were executed under a pre-arranged 10b5-1 trading plan, which is a legal and transparent way for insiders to sell shares.

Industry Context

Insider sales are a common occurrence in publicly traded companies. The use of a 10b5-1 trading plan suggests that these sales were pre-planned and not based on any material non-public information. Investors often monitor insider transactions for signals about a company's prospects, but sales under a 10b5-1 plan are generally viewed as less informative than discretionary sales.

Comparison to Industry Standards

• Comparing Guidewire's insider trading activity to companies like Duck Creek Technologies or Insurity would provide a benchmark.
• Analyzing the frequency and volume of insider sales across the software industry can help determine if these transactions are typical.
• Reviewing the 10b5-1 trading plans of executives at similar companies can offer context.

Stakeholder Impact

• The stock sales could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 trading plan mitigates concerns.
• The impact on employees, customers, suppliers, and creditors is likely to be negligible.

Key Dates

Keywords

Guidewire Software, GWRE, Jeffrey Elliott Cooper, CFO, stock sale, Form 4, 10b5-1 trading plan, insider trading