Michael George Rosenbaum - 15 Dec 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 Dec 2022
Net transactions value
-$488,755
Form type
4
Filing time
19 Dec 2022, 17:42:58 UTC
Previous filing
19 Sep 2022
Next filing
15 Mar 2023
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 +2,555 +1.3% $0.000000 203,715 15 Dec 2022 Direct
transaction GWRE Common Stock Sale $488,755 -7,960 -3.9% $61.40 195,755 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 Stock Units Options Exercise $0 -2,555 -25% $0.000000 7,665 15 Dec 2022 Common Stock 2,555 Direct F3, 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 sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $61.4012 to $61.4018 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 Each restricted stock unit or performance stock unit represents a contingent right to receive one share of the Issuer's common stock.
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.