Michael George Rosenbaum - 15 Mar 2023 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 2023
Net transactions value: $0
Form type: 4
Filing time: 15 Mar 2023, 20:48:12 UTC
Previous filing: 19 Dec 2022
Next filing: 21 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	198,310	15 Mar 2023	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	Performance Stock Units	Options Exercise	$0	-2,555	-33%	$0.000000	5,110	15 Mar 2023	Common Stock	2,555		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit or performance stock unit represents a contingent right to receive one share of the Issuer's common stock.
F2	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.

Content

Each restricted stock unit or performance stock unit represents a contingent right to receive one share of the Issuer's common stock.

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.