Rosenbaum Michael George 4

What Happened
Michael George Rosenbaum, CEO of Guidewire Software, reported a sale of 1,200 shares on February 17, 2026. The shares were disposed at $127.00 per share for a total transaction value of $152,400. The filing lists the transaction as an open‑market/private sale; a footnote clarifies it was an automatic sale under a 10b5‑1 trading plan.

Key Details

• Transaction date and price: 2026-02-17 — 1,200 shares at $127.00 each.
• Total value: $152,400.
• Shares owned after transaction: Not specified in this Form 4.
• Footnote: Sale executed pursuant to a 10b5‑1 trading plan adopted by the reporting person on October 14, 2025.
• Filing timeliness: Form 4 was filed with a report date of 2026-02-17 (no late filing indicated).

Context
A 10b5‑1 plan allows insiders to preestablish trades, so such sales are often routine and not necessarily a signal of new negative information. Sales (S) are disposals and generally carry less positive informational weight than purchases. This transaction reflects insider liquidity under a prearranged plan rather than an active, discretionary trade.