Michael George Rosenbaum - 15 Dec 2021 Form 4 Insider Report for Guidewire Software, Inc. (GWRE)

Role: Chief Executive Officer, Director
Signature: By: Winston King, Attorney-in-Fact for Michael George Rosenbaum
Issuer symbol: GWRE
Transactions as of: 15 Dec 2021
Net transactions value: -$628,286
Form type: 4
Filing time: 17 Dec 2021, 18:39:17 UTC
Previous filing: 21 Sep 2021
Next filing: 15 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GWRE	Common Stock	Options Exercise	$0	+4,606	+6.3%	$0.000000	77,745	15 Dec 2021	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+1,902	+2.4%	$0.000000	79,647	15 Dec 2021	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+2,556	+3.2%	$0.000000	82,203	15 Dec 2021	Direct
transaction	GWRE	Common Stock	Sale	$628,286	-5,561	-6.8%	$112.98	76,642	17 Dec 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GWRE	Restricted Stock Unit	Options Exercise	$0	-4,606	-12%	$0.000000	32,242	15 Dec 2021	Common Stock	4,606	$0.000000	Direct	F2
transaction	GWRE	Restricted Stock Unit	Options Exercise	$0	-1,902	-8.3%	$0.000000	20,922	15 Dec 2021	Common Stock	1,902	$0.000000	Direct	F3
transaction	GWRE	Performance Shares	Options Exercise	$0	-2,556	-13%	$0.000000	17,885	15 Dec 2021	Common Stock	2,556	$0.000000	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares sold by Issuer to cover taxes associated with settlement of Restricted Stock Units.
F2	The Restricted Stock Units vest as follows: 1/4 of the units vest on September 15, 2020, and an additional 1/16 of the units vest quarterly thereafter, subject to the reporting person's continued service to the Issuer.
F3	The Restricted Stock Units vest as follows: 1/16th of the units vest quarterly commencing December 15, 2020, subject to the Reporting Person's continued service to the Issuer.
F4	On September 6, 2019, the Reporting Person was granted a target of 56,009 shares covered by restricted stock units with performance- and time-based vesting requirements. On September 9, 2020, the Compensation Committee of the Board of Directors determined that 73% of the performance-based conditions were met resulting in a reduction of 15,122 shares earned by the Reporting Person. The time-based vesting is: 1/4th on September 15, 2020, and 1/16th of the units vest quarterly thereafter subject to the Reporting Person's continued service to the Issuer.