Form 4: Guidewire Software Executive James Winston King Sells Shares

James Winston King, Chief Admin Officer and General Counsel of Guidewire Software, sold shares of the company's common stock on March 19 and 20, 2024, according to a Form 4 filing with the SEC.

Summary

• James Winston King, Chief Admin Officer and General Counsel of Guidewire Software, Inc., reported the sale of company shares in a Form 4 filing.
• On March 19, 2024, King sold 1,106 shares of common stock at an average price of $111.7449 per share.
• On March 20, 2024, King sold 1,268 shares of common stock at an average price of $112.51 per share.
• The sales on March 20, 2024 were executed automatically pursuant to a 10b5-1 trading plan adopted on October 12, 2023.
• Following these transactions, King directly owns 43,036 shares of Guidewire Software, Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by an executive. It doesn't inherently convey positive or negative sentiment, as such transactions are common and can be for various personal financial reasons.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies and are often related to personal financial planning. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any inside information.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
• The sales do not appear to have any direct impact on employees, customers, suppliers, or creditors.

Key Dates