Guidewire (GWRE) Form 4: CFO Disposes 7,535 Shares Via 10b5-1 Plan
Rhea-AI Filing Summary
Guidewire Software CFO Jeffrey Elliott Cooper reported multiple open-market sales of common stock on 09/18/2025 under a pre-existing 10b5-1 trading plan adopted October 15, 2024. The filings show five separate sales totaling 7,535 shares, executed at average prices reported between approximately $246.05 and $250.75 per share, with the post-transaction beneficial ownership declining to 77,111 shares held directly. The report was signed by an attorney-in-fact on behalf of the reporting person.
Positive
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Insights
TL;DR: CFO executed planned, rule-compliant sales of 7,535 shares via a 10b5-1 plan; modest reduction in direct ownership.
The transactions are disclosed as automatic sales under a 10b5-1 plan, which provides an affirmative defense against insider trading claims when properly adopted. The aggregate sales of 7,535 shares occurred across five tranches with reported average sale-price ranges from about $246.05 to $250.75. Post-sales, direct beneficial ownership is reported at 77,111 shares. For investors, these are routine officer liquidity events documented under Rule 10b5-1 rather than ad-hoc disposals; the filing contains clear price ranges and the plan adoption date.
TL;DR: Disclosure follows governance best practices by stating 10b5-1 plan adoption and providing price ranges; signatures are present.
The Form 4 explicitly notes the trades were automatic pursuant to a 10b5-1 trading plan adopted October 15, 2024, and includes explanatory price-range notes for each tranche. The report is signed via attorney-in-fact, satisfying procedural requirements. The filing documents a reduction in direct holdings to 77,111 shares but does not indicate any other changes in role or control. This is a routine insider reporting event with transparent supporting detail.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 860 | $246.7978 | $212K |
| Sale | Common Stock | 1,461 | $247.4744 | $362K |
| Sale | Common Stock | 1,876 | $248.6409 | $466K |
| Sale | Common Stock | 2,480 | $249.7518 | $619K |
| Sale | Common Stock | 858 | $250.2753 | $215K |
Footnotes (1)
- Automatic sale pursuant to a 10b5-1 Trading Plan adopted by the Reporting Person on October 15, 2024. The sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $246.0500 to $247.0400 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. The sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $247.0500 to $247.8650 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. The sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $248.0550 to $249.0500 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. The sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $249.1400 to $250.0700 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. The sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $250.1500 to $250.7500 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.