Michael Polelle - Dec 15, 2021 Form 4 Insider Report for Guidewire Software, Inc. (GWRE)

Role: Chief Delivery Officer
Signature: By: Winston King, Attorney-in-Fact for Michael Polelle
Stock symbol: GWRE
Transactions as of: Dec 15, 2021
Transactions value $: -$86,882
Form type: 4
Date filed: 12/17/2021, 06:38 PM
Previous filing: Sep 21, 2021
Next filing: Dec 20, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GWRE	Common Stock	Options Exercise	$0	+210	+2.68%	$0.00	8.04K	Dec 15, 2021	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+136	+1.69%	$0.00	8.17K	Dec 15, 2021	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+312	+3.82%	$0.00	8.49K	Dec 15, 2021	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+312	+3.68%	$0.00	8.8K	Dec 15, 2021	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+375	+4.26%	$0.00	9.17K	Dec 15, 2021	Direct
transaction	GWRE	Common Stock	Sale	-$86.9K	-769	-8.38%	$112.98	8.4K	Dec 17, 2021	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	Performance Shares	Options Exercise	$0	-210	-24.88%	$0.00	634	Dec 15, 2021	Common Stock	210	$0.00	Direct	F2
transaction	GWRE	Performance Shares	Options Exercise	$0	-136	-12.45%	$0.00	956	Dec 15, 2021	Common Stock	136	$0.00	Direct	F3
transaction	GWRE	Restricted Stock Unit	Options Exercise	$0	-312	-24.96%	$0.00	938	Dec 15, 2021	Common Stock	312	$0.00	Direct	F4
transaction	GWRE	Restricted Stock Unit	Options Exercise	$0	-312	-12.48%	$0.00	2.19K	Dec 15, 2021	Common Stock	312	$0.00	Direct	F5
transaction	GWRE	Restricted Stock Unit	Options Exercise	$0	-375	-8.33%	$0.00	4.13K	Dec 15, 2021	Common Stock	375	$0.00	Direct	F6

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

Explanation of Responses:

Id	Content
F1	Shares sold by Issuer to cover taxes associated with settlement of Restricted Stock Units.
F2	On September 12, 2018, the Reporting Person was granted a target of 3,000 shares covered by restricted stock units with performance- and time-based vesting requirements. On September 6, 2019, the Compensation Committee of the Board of Directors determined that 112.5% of the performance-based conditions were met resulting in an additional 376 shares earned by the Reporting Person. The time-based vesting is: 1/4th on September 15, 2019, and 1/16th quarterly thereafter, subject to the Reporting Person's continued service to the Issuer.
F3	On September 6, 2019, the Reporting Person was granted a target of 3,000 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 810 shares earned by the Reporting Person. The time-based vesting is: 1/4th vest on September 15, 2020, and 1/16th of the units vest quarterly thereafter, subject to the Reporting Person's continued service to the Issuer.
F4	The Restricted Stock Units vests as follows: 1/16th of the units vest quarterly commencing December 15, 2018, subject to the Reporting Person's continued service to the Issuer.
F5	The Restricted Stock Units vests as follows: 1/16th of the units vest quarterly commencing December 15, 2019, subject to the Reporting Person's continued service to the Issuer.
F6	The Restricted Stock Units vests as follows: 1/16th of the units vest quarterly commencing December 15, 2020, subject to the Reporting Person's continued service to the Issuer.