Rosenbaum Michael George 4

What Happened Michael Rosenbaum, CEO of Guidewire Software, sold 1,200 shares of GWRE stock on March 9, 2026. The shares were sold at $166.34 each for a total proceeds of $199,608. This was a sale (not a purchase) and therefore is typically considered a liquidity or rebalancing event rather than a bullish purchase signal.

Key Details

• Transaction date: 2026-03-09
• Transaction type/code: Sale (S) — open market or private sale
• Price per share: $166.34; Total value: $199,608
• Shares owned after transaction: Not disclosed in the provided filing
• Footnote: Automatic sale pursuant to a 10b5‑1 trading plan adopted by the reporting person on October 14, 2025 (Footnote F1)
• Filing timeliness: Reported on 2026-03-09 (period and filing date match); no late filing indicated in the provided data

Context The sale was executed under a pre-established 10b5‑1 trading plan, which schedules trades in advance and can reflect routine portfolio management rather than a change in the insider’s view of the company. For retail investors, purchases by insiders often carry clearer bullish signals than routine sales; this reported transaction should be viewed accordingly.