Form 4: Guidewire Software Executive Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
John P. Mullen, President & CRO of Guidewire Software, sold 1,350 shares of common stock on August 20, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On August 20, 2024, John P. Mullen, the President & CRO of Guidewire Software, Inc., sold 1,350 shares of the company's common stock.
- The sale was executed at a price of $149.03 per share.
- The transaction was conducted under a pre-existing 10b5-1 trading plan adopted by Mullen on January 12, 2024.
- Following the transaction, Mullen directly owns 137,821 shares of Guidewire Software, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding a stock sale under a pre-arranged trading plan, so the sentiment is neutral.
Future Outlook
The document does not contain any forward-looking statements.
Industry Context
Executive stock sales are a common occurrence, and sales under 10b5-1 plans are generally viewed as less impactful since they are pre-scheduled and designed to avoid insider trading concerns.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, but is unlikely to be significant given the relatively small number of shares sold and the existence of the 10b5-1 trading plan.
Key Dates
| Date | Description |
|---|---|
| 01/12/2024 | Date the Reporting Person adopted the 10b5-1 Trading Plan |
| 08/20/2024 | Date of the transaction (stock sale) |
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