GWRE Form 144 details insider sales and 84.5M shares outstanding
Rhea-AI Filing Summary
GWRE has a Form 144 notice indicating planned sales of common stock under SEC Rule 144. The filing shows an intent to sell 1,400 shares of common stock through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $298,522.00, against 84,530,578 shares outstanding.
The seller acquired these 1,400 shares as performance shares on 09/15/2022. Over the past three months, the same seller has reported multiple sales of 1,400-share blocks and one larger sale of 30,317 shares on 09/16/2025 for gross proceeds of $7,362,962.35. The signer represents that they are not aware of undisclosed material adverse information about the issuer’s operations.
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FAQ
What does this Form 144 filing for GWRE disclose?
The Form 144 discloses a planned sale of 1,400 shares of GWRE common stock on the NYSE, with an indicated aggregate market value of $298,522.00, as part of the seller’s reliance on Rule 144 for resales of restricted or control securities.
What does the Rule 10b5-1 and material information representation mean in this context?
By signing the notice, the seller represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed, and, if relying on a Rule 10b5-1 trading plan, that this representation also applied as of the plan’s adoption or instruction date.