Priscilla Hung - 15 Dec 2022 Form 4 Insider Report for Guidewire Software, Inc. (GWRE)

Role
President & COO
Signature
By: Winston King, Attorney-in-Fact for Priscilla Hung
Issuer symbol
GWRE
Transactions as of
15 Dec 2022
Transactions value $
-$182,918
Form type
4
Filing time
19 Dec 2022, 17:42:09 UTC
Previous filing
05 Dec 2022
Next filing
19 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWRE Common Stock Options Exercise $0 +341 +0.49% $0 70,441 15 Dec 2022 Direct
transaction GWRE Common Stock Sale -$182,918 -2,979 -4.23% $61.4 67,462 19 Dec 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GWRE Performance Shares Options Exercise $0 -341 -24.95% $0 1,026 15 Dec 2022 Common Stock 341 $0 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares sold by Issuer to cover taxes associated with settlement of Restricted Stock Units.
F2 The sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $61.4014 to $61.4032 per share. The reporting person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F3 On September 6, 2019, the Reporting Person was granted a target of 7,500 shares covered by restricted stock units with performance- and time-based vesting requirements. On September 9, 2020, the Compensation Committee of the Board of Directors determined that 73% of the performance-based conditions were met resulting in a reduction of 2,025 shares earned by the Reporting Person. The time-based vesting is: 1/4th vest on September 15, 2020, and 1/16th of the units vest quarterly thereafter, subject to the Reporting Person's continued service to the Issuer.