Form 4: Guidewire Software Executive Exercises and Sells Stock Options
SEC Form 4
James Winston King, Chief Admin Officer and General Counsel of Guidewire Software, executed stock options and sold shares under a pre-arranged 10b5-1 trading plan.
Summary
- On August 21, 2024, James Winston King, Chief Admin Officer and General Counsel of Guidewire Software, Inc., exercised stock options to acquire 105 shares of common stock at a price of $45.27 per share.
- Simultaneously, King sold 105 shares of common stock at a price of $146.97 per share.
- These transactions were executed under a pre-arranged 10b5-1 trading plan adopted on October 12, 2023.
- Following these transactions, King directly owns 40,684 shares of Guidewire Software, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies, often used as part of compensation packages and personal financial planning. The use of 10b5-1 trading plans allows insiders to sell shares without being accused of trading on non-public information.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are part of a pre-arranged trading plan and do not indicate a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 09/04/2014 | Vesting commencement date for the non-qualified stock options. |
| 10/12/2023 | Date the Reporting Person adopted the 10b5-1 Trading Plan. |
| 08/21/2024 | Date of the stock option exercise and sale of shares. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.