James Winston King - 20 Sep 2023 Form 4 Insider Report for Guidewire Software, Inc. (GWRE)

Signature
/s/ James Winston King
Issuer symbol
GWRE
Transactions as of
20 Sep 2023
Net transactions value
-$421,713
Form type
4
Filing time
22 Sep 2023, 16:01:55 UTC
Previous filing
20 Sep 2023
Next filing
19 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWRE Common Stock Sale $378,408 -4,110 -7.8% $92.07 48,331 20 Sep 2023 Direct F1, F2
transaction GWRE Common Stock Sale $43,305 -467 -0.97% $92.73 47,864 20 Sep 2023 Direct F1, F3
* 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 sale pursuant to a 10b5-1 Trading Plan adopted by the Reporting Person on October 13, 2022.
F2 The sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $91.62 to $92.57 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 The sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $92.69 to $92.75 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.