Monitor for follow-up filings to determine if this is part of a broader 10b5-1 plan or signals reduced confidence ahead of earnings or macro headwinds; consider pairing with short interest and options flow for confirmation.
Price Chart
Executive Summary
Seven open-market share sales by four C-suite executives at Guidewire Software, including the CEO and CFO, over a 7-day period, totaling approximately $3.3 million in proceeds. The transactions are part of a planned trading schedule under Rule 10b5-1, but represent a material volume of insider selling.
Key Financial Metrics
Key Facts
- CEO Michael Rosenbaum sold 5,937 shares for ~$968,195 over two days (March 16–17).
- CFO Jeffrey Cooper sold 6,692 shares for ~$1.07 million over two days (March 13 and 17).
- President John Mullen sold 6,576 shares for ~$1.08 million on March 17.
- All transactions were open-market sales (Form 4 code 'S'), not related to grants, taxes, or derivatives.
- Total disclosed open-market sales in the cluster: ~$3.3 million across 7 trades by 5 insiders.
- Sales occurred at prices between $158.72 and $163.86, near recent trading highs.
- Insider selling represents ~0.024% of Guidewire's $13.8B market cap — modest in relative terms but concentrated among top executives.
Financial Impact
$3.3 million in net insider selling by C-suite executives over 7 days
Risk Factors
- Concentrated selling by top executives may signal caution about near-term performance or valuation.
- Risk of negative market perception even if sales are pre-planned, especially given size and timing near all-time highs.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (7 trades, 7d window) | cluster-GWRE-1773864454833 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 4w ago | Insider Cluster | $192.76 $142.58 | ▼ −26.03% | ▼ −25.70% | $152.15 (−21.07%) |
Aug 27, 2026 5w ago | Insider Cluster | $201.09 $149.72 | ▼ −25.55% | ▼ −25.44% | $152.15 (−24.34%) |
Aug 26, 2026 5w ago | Insider Cluster | $201.09 $149.72 | ▼ −25.55% | ▼ −25.44% | $152.15 (−24.34%) |
Aug 24, 2026 5w ago | Insider Cluster | $188.34 $152.89 | ▼ −18.82% | ▼ −19.07% | $152.15 (−19.22%) |
Aug 20, 2026 6w ago | Insider Cluster | $181.79 $144.29 | ▼ −20.63% | ▼ −20.63% | $152.15 (−16.30%) |
Jul 13, 2026 11w ago | Insider Cluster | $140.71 $176.65 | ▲ +25.54% | ▲ +23.05% | $152.15 (+8.13%) |
Jul 9, 2026 12w ago | Insider Cluster | $136.13 $170.53 | ▲ +25.27% | ▲ +22.84% | $152.15 (+11.77%) |
Jun 29, 2026 13w ago | Insider Cluster | $123.05 $149.28 | ▲ +21.32% | ▲ +22.34% | $152.15 (+23.65%) |
Jun 17, 2026 15w ago | Insider Cluster | $111.17 $148.91 | ▼ −33.95% | ▼ −32.63% | $152.15 (−36.86%) |
Jun 16, 2026 15w ago | 144 | $111.17 $148.91 | ▲ +33.95% | ▲ +32.63% | $152.15 (+36.86%) |
US Market Status
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