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

James Winston King, Chief Admin Officer and General Counsel at Guidewire Software, sold 270 shares of common stock at $174.78 per share under a pre-arranged 10b5-1 trading plan.

Summary

• James Winston King, a Chief Admin Officer and General Counsel at Guidewire Software, sold 270 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 executed under a pre-established 10b5-1 trading plan adopted on October 15, 2024.
• Following the sale, Mr. King directly owns 45,664 shares of Guidewire Software.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing regarding an executive's stock sale under a pre-arranged plan. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to manage their stock sales and avoid accusations of trading on inside information.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among executives at publicly traded companies, including those in the software industry like Salesforce (CRM) and Adobe (ADBE).
• These plans allow for scheduled sales of stock to avoid any appearance of insider trading.
• The volume of shares sold is relatively small compared to the total outstanding shares of Guidewire, and is not unusual for an executive's planned sale.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the stock price given the small volume and pre-planned nature of the transaction.

Key Dates

Keywords

Form 4, Guidewire Software, GWRE, insider trading, 10b5-1 plan, stock sale, executive, James Winston King