Form 4: Guidewire Software Executive James Winston King Sells Shares Under 10b5-1 Plan

James Winston King, Chief Admin Officer and General Counsel of Guidewire Software, sold shares of common stock between September 17 and September 19, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• James Winston King, a Chief Admin Officer and General Counsel at Guidewire Software, Inc., reported the sale of company stock.
• The transactions occurred between September 17 and September 19, 2024.
• The sales were executed under a pre-existing 10b5-1 trading plan adopted on October 12, 2023.
• On September 17, 2024, 5,798 shares were sold at a price of $172.1596 per share.
• On September 19, 2024, multiple sales occurred: 1,309 shares at an average price of $171.9374, 3,067 shares at an average price of $172.9144, and 138 shares at an average price of $173.88.
• Following these transactions, King directly owns 48,237 shares of Guidewire Software, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-arranged plan. It doesn't inherently indicate positive or negative sentiment about the company's future.

Positives

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

Industry Context

Sales by executives are a normal part of corporate activity; however, the market often scrutinizes these sales for signals about the company's prospects.

Stakeholder Impact

• Shareholders may interpret insider sales as a lack of confidence in the company, although sales under 10b5-1 plans are often pre-planned and don't necessarily reflect current sentiment.

Key Dates