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

Signature
/s/ James Winston King
Stock symbol
GWRE
Transactions as of
Jun 20, 2023
Transactions value $
-$209,071
Form type
4
Date filed
6/21/2023, 05:49 PM
Previous filing
Jun 15, 2023
Next filing
Sep 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWRE Common Stock Sale -$74.7K -1.05K -2.94% $71.12 34.7K Jun 20, 2023 Direct F1, F2
transaction GWRE Common Stock Sale -$134K -1.92K -5.52% $70.18 32.8K Jun 21, 2023 Direct 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 Shares sold by Issuer to cover taxes associated with settlement of Restricted Stock Units.
F2 The sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $71.1241 to $71.1253 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 Automatic sale pursuant to a 10b5-1 Trading Plan adopted by the Reporting Person on October 13, 2022.