Michael George Rosenbaum, the Chief Executive Officer of Guidewire Software, Inc., executed a sale of 1,200 shares of the company’s common stock on October 5, 2026. This transaction is significant as it highlights the ongoing management of executive stock holdings within the company.
Guidewire Software, Inc., identified by the Central Index Key 0001528396, operates in the prepackaged software sector. The company is incorporated in Delaware and is known for its technology solutions tailored for the insurance industry.
According to the recent SEC filing, Rosenbaum's sale was conducted under a 10b5-1 Trading Plan that he adopted on October 14, 2025. The transaction price per share was reported at $152.52, leading to a total sale value of approximately $183,024. Following this transaction, Rosenbaum retains ownership of 277,266 shares.
This sale may affect various stakeholders, including investors and employees, as it reflects the financial strategies employed by the company's leadership. Such transactions can influence market perceptions and investor confidence in Guidewire's management.
The filing does not say what happens next, but it is likely that Rosenbaum will continue to manage his stock holdings in accordance with the pre-established trading plan.
Details of the Transaction
The SEC Form 4 filing indicates that Michael George Rosenbaum's transaction involved the sale of 1,200 shares of Guidewire Software, Inc.'s common stock. The transaction was categorized under the code 'S' for sale, reflecting a direct ownership disposition.
Notably, this transaction was executed under a 10b5-1 Trading Plan, a strategy that allows executives to set up a predetermined schedule for selling stocks, thereby reducing the risk of insider trading allegations. This plan was established by Rosenbaum on October 14, 2025, which allows for systematic sales to manage liquidity and tax implications.
Company Overview
Guidewire Software, Inc. is incorporated in Delaware and specializes in providing technology solutions specifically designed for the insurance sector. The company operates under the Standard Industrial Classification (SIC) code 7372, which corresponds to services in prepackaged software.
As of the filing date, the company continues to be based in San Mateo, California, at the address of 970 Park Pl, Suite 200. The business phone number listed for Guidewire is 650-357-9100, indicating its operational presence in the tech industry.
This filing does not provide information regarding the overall financial performance of Guidewire Software, Inc. or any future plans that may affect Rosenbaum's stock holdings.