Rosenbaum Michael George 4

What Happened Michael Rosenbaum, CEO of Guidewire Software (GWRE), sold 1,200 shares in an open-market transaction on February 23, 2026, at $125.50 per share, for total proceeds of $150,600. This was a sale (not a purchase or option exercise) and therefore typically viewed as a disposition of holdings rather than a bullish signal.

Key Details

• Transaction date: 2026-02-23
• Transaction type: Sale (S); open market/private sale
• Shares sold: 1,200 at $125.50 each
• Total value: $150,600
• Footnote: Sale executed automatically pursuant to a 10b5-1 trading plan adopted by the reporting person on October 14, 2025
• Shares owned after transaction: not specified in the details provided here; see the Form 4 for post-transaction holdings
• Filing timeliness: Report filed on 2026-02-23 (same day as the reported transaction)

Context Sales under a 10b5-1 plan are preplanned trades that can occur regardless of current management views on the stock; they are common and often routine. For retail investors, purchases tend to be more informative about insider sentiment than scheduled sales, though size and frequency of sales can still be relevant. Check the full Form 4 for the reporting person’s remaining holdings and any other transactions.