Michael George Rosenbaum - 15 Mar 2022 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 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 15 Mar 2022, 17:19:35 UTC
Previous filing: 17 Dec 2021
Next filing: 18 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%	$0.000000	81,248	15 Mar 2022	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+1,902	+2.3%	$0.000000	83,150	15 Mar 2022	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+2,555	+3.1%	$0.000000	85,705	15 Mar 2022	Direct

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	-14%	$0.000000	27,636	15 Mar 2022	Common Stock	4,606	$0.000000	Direct	F1
transaction	GWRE	Restricted Stock Unit	Options Exercise	$0	-1,902	-9.1%	$0.000000	19,020	15 Mar 2022	Common Stock	1,902	$0.000000	Direct	F2
transaction	GWRE	Performance Shares	Options Exercise	$0	-2,555	-14%	$0.000000	15,330	15 Mar 2022	Common Stock	2,555	$0.000000	Direct	F3

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

Explanation of Responses:

Id	Content
F1	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.
F2	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.
F3	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.