[144] Guidewire Software, Inc. SEC Filing
Guidewire Software (GWRE) reporting a Form 144 notice for a proposed sale of 500 shares of common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of $115,365.00. The filing shows the shares represent part of the issuer's restricted stock granted to the seller on 12/19/2023 and were acquired from the issuer with payment on the same date. The filing lists 85,430,578 shares outstanding and an approximate sale date of 10/01/2025 on the NYSE. The notice contains no reported sales in the past three months and includes the seller's certification about absence of undisclosed material information.
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Insights
TL;DR: Routine Form 144 notice for a small, pre-arranged sale of restricted shares; unlikely to be market-moving.
The filing documents a proposed sale of 500 restricted shares with an aggregate value of $115,365, recorded to be sold through Morgan Stanley Smith Barney on the NYSE around 10/01/2025. The shares were acquired from the issuer on 12/19/2023. Given the size relative to the reported 85,430,578 shares outstanding, this transaction appears immaterial to Guidewire's capital structure. The form includes the standard attestation regarding absence of undisclosed material information which is customary for Rule 144 notices.
TL;DR: Administrative disclosure of an insider's planned sale under Rule 144; governance implications are minimal based on disclosed details.
The notice shows the seller obtained restricted stock from the issuer and is following Rule 144 procedures by notifying the market and providing broker details. There are no reported prior sales in the past three months and no additional commentary or indications of accelerated insider liquidation. The disclosure meets procedural expectations but provides limited information for assessing intent or timing beyond the approximate sale date.