James Winston King - 15 Dec 2022 Form 4 Insider Report for Guidewire Software, Inc. (GWRE)

Signature
/s/ James Winston King
Issuer symbol
GWRE
Transactions as of
15 Dec 2022
Net transactions value
-$96,830
Form type
4
Filing time
19 Dec 2022, 17:42:36 UTC
Previous filing
21 Sep 2022
Next filing
20 Dec 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWRE Common Stock Options Exercise $0 +191 +0.47% $0.000000 40,905 15 Dec 2022 Direct
transaction GWRE Common Stock Sale $96,830 -1,577 -3.9% $61.40 39,328 19 Dec 2022 Direct F1, F2

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 Performance Shares Options Exercise $0 -191 -25% $0.000000 573 15 Dec 2022 Common Stock 191 $0.000000 Direct F3
* 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 sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $61.3993 to $61.4021 per share. The reporting person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F3 On September 6, 2019, the Reporting Person was granted a target of 4,200 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 1,134 shares earned by the Reporting Person. The time-based vesting is: 1/4th vest on September 15, 2020, and 1/16th of the units vest quarterly thereafter subject to the Reporting Person's continued service to the Issuer.