James Winston King - Aug 21, 2024 Form 4 Insider Report for Guidewire Software, Inc. (GWRE)

Signature
/s/ James Winston King
Stock symbol
GWRE
Transactions as of
Aug 21, 2024
Transactions value $
-$10,679
Form type
4
Date filed
8/21/2024, 05:36 PM
Previous filing
Jun 20, 2024
Next filing
Sep 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWRE Common Stock Options Exercise $4.75K +105 +0.26% $45.27 40.8K Aug 21, 2024 Direct F1
transaction GWRE Common Stock Sale -$15.4K -105 -0.26% $146.97 40.7K Aug 21, 2024 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 Non-Qualified Stock Option (right to buy) Options Exercise $0 -105 -100% $0.00 0 Aug 21, 2024 Common Stock 105 $45.27 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 exercise and sale pursuant to a 10b5-1 Trading Plan adopted by the Reporting Person on October 12, 2023.
F2 1/48th of the underlying shares vested monthly over four years following the vesting commencement date of September 4, 2014, and are fully vested.