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

Michael C. Keller, a director at Guidewire Software, sold 1,939 shares of common stock at $174.78 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Michael C. Keller, a director at Guidewire Software, executed a sale of 1,939 shares of the company's common stock.
• The sale occurred on January 15, 2025, at a price of $174.78 per share.
• This transaction was conducted under a pre-established 10b5-1 trading plan adopted by Mr. Keller on October 15, 2024.
• Following the sale, Mr. Keller directly owns 14,118 shares of Guidewire Software.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing for an insider stock sale under a pre-arranged plan. It doesn't indicate any positive or negative sentiment, it is a routine transaction.

Industry Context

This is a routine filing for insider transactions and is common for executives and directors of public companies. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on any material non-public information.

Comparison to Industry Standards

• Sales by directors under 10b5-1 plans are a common practice among publicly traded companies, including those in the software sector like Salesforce (CRM) and Adobe (ADBE).
• The volume of shares sold is relatively small compared to the total outstanding shares of Guidewire, and is not unusual for a director's planned sale.
• The price of $174.78 is within the typical trading range for GWRE stock at the time of the transaction.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders as it is a small transaction by a single director under a pre-arranged plan.

Key Dates

Keywords

Guidewire Software, GWRE, Michael C. Keller, Form 4, insider trading, 10b5-1 plan, stock sale, director