James Winston King - 01 Sep 2023 Form 4 Insider Report for Guidewire Software, Inc. (GWRE)

Signature
/s/ James Winston King
Issuer symbol
GWRE
Transactions as of
01 Sep 2023
Net transactions value
-$3,639
Form type
4
Filing time
05 Sep 2023, 17:16:55 UTC
Previous filing
21 Jun 2023
Next filing
15 Sep 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWRE Common Stock Options Exercise $1,964 +42 +0.13% $46.77 32,818 01 Sep 2023 Direct F1
transaction GWRE Common Stock Sale $3,639 -42 -0.13% $86.64 32,776 01 Sep 2023 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 Non-Qualified Stock Option (right to buy) Options Exercise $1,964 -42 -100% $46.77 0 01 Sep 2023 Common Stock 42 $46.77 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Automatic stock option exercise and same-day sale pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on October 13, 2022.
F2 1/48th of the underlying shares vested monthly following the vesting commencement date of September 13, 2013. The option is fully vested.