Jeffrey Elliott Cooper - 19 Dec 2023 Form 4 Insider Report for Guidewire Software, Inc. (GWRE)

Signature
By: Winston King, Attorney-in-Fact For: Jeffrey Elliott Cooper
Issuer symbol
GWRE
Transactions as of
19 Dec 2023
Net transactions value
-$453,949
Form type
4
Filing time
20 Dec 2023, 17:36:43 UTC
Previous filing
22 Sep 2023
Next filing
16 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWRE Common Stock Sale $321,220 -3,095 -4% $103.79 74,112 19 Dec 2023 Direct F1
transaction GWRE Common Stock Sale $90,690 -868 -1.2% $104.48 73,244 20 Dec 2023 Direct F2, F3
transaction GWRE Common Stock Sale $42,039 -400 -0.55% $105.10 72,844 20 Dec 2023 Direct F2, F4
* 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 Shares sold by Issuer to cover taxes associated with settlement of Restricted Stock Units.
F2 Automatic sale pursuant to a 10b5-1 Trading Plan adopted by the Reporting Person on October 13, 2022.
F3 The sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $103.9510 to $104.8150 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.
F4 The sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $105.000 to $105.1900 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.