Michael George Rosenbaum, the Chief Executive Officer of Guidewire Software, Inc., recently reported a sale of 1,200 shares of the company's common stock. This transaction, which took place on October 12, 2026, is significant as it reflects ongoing management activity and personal investment strategy within the software services sector.
Guidewire Software, Inc., identified by its CIK number 0001528396, is a prominent player in the prepackaged software industry, specifically categorized under the SIC code 7372. The company is headquartered in San Mateo, California, and operates under the trading symbol GWRE.
According to the filing, Rosenbaum's sale was executed under a 10b5-1 Trading Plan that he adopted on October 14, 2025. The plan allows executives to sell shares at predetermined times to avoid any appearance of insider trading. Following this latest transaction, Rosenbaum retains ownership of 276,066 shares of Guidewire.
This sale may affect various stakeholders, including investors who monitor executive transactions as indicators of company performance and confidence. It also highlights the strategic management practices within the software services industry, where executive stock sales are often scrutinized for insights into company health.
Details were not available in the SEC filing regarding any future transactions or plans following this sale.
Transaction Details
The recent sale of 1,200 shares by Michael George Rosenbaum was executed at a price of $168.97 per share. This transaction reflects a total value of approximately $202,764. The filing indicates that the shares sold were part of a direct ownership stake, maintaining transparency regarding the nature of the transaction.
Executive Role and Responsibilities
As the Chief Executive Officer of Guidewire Software, Inc., Rosenbaum plays a crucial role in the company's strategic direction and operational management. His position as both an officer and director underscores his significant influence over corporate governance and decision-making processes.
Company Information
Guidewire Software, Inc. is incorporated in the state of Delaware and operates with a fiscal year ending on July 31. The company is well-regarded in the prepackaged software industry, providing software solutions that enhance the efficiency and effectiveness of insurance companies.
Attorney-in-Fact
The SEC filing was signed by Winston King, who acts as the attorney-in-fact for Michael George Rosenbaum, indicating a formal arrangement for handling Rosenbaum's securities transactions.
This filing does not include any information on whether Rosenbaum plans to make additional transactions in the near future or any insights into the company's current financial performance or stock outlook.