Form 4: Guidewire Software Executive James Winston King Reports Stock Sales
SEC Form 4 Filing
James Winston King, Chief Admin Officer and General Counsel of Guidewire Software, reported the sale of company stock in two transactions.
Summary
- James Winston King, Chief Admin Officer and General Counsel of Guidewire Software, filed a Form 4 detailing changes in beneficial ownership.
- On June 18, 2024, King sold 1,036 shares of common stock at a price of $134.5375 per share.
- On June 20, 2024, King sold 1,316 shares of common stock at a price of $134.2 per share.
- Following these transactions, King directly owns 40,684 shares of Guidewire Software common stock.
- The sale on June 20, 2024, was an automatic sale pursuant to a 10b5-1 trading plan adopted on October 12, 2023.
- The sale on June 18, 2024, was to cover taxes associated with the settlement of Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence in publicly traded companies and are often related to personal financial planning or diversification strategies. The use of 10b5-1 trading plans allows insiders to sell shares at predetermined times and prices, avoiding concerns about insider trading.
Stakeholder Impact
- The stock sales could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 2023-10-12 | Date the Reporting Person adopted a 10b5-1 Trading Plan |
| 2024-06-18 | Date of the first reported transaction: sale of 1,036 shares at $134.5375. |
| 2024-06-20 | Date of the second reported transaction: sale of 1,316 shares at $134.2. |
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