The sales are small and pre-planned, so they do not signal a change in executive conviction. However, the proximity to a large M&A announcement (Hyperexponential acquisition) means any future insider sales above routine levels should be monitored closely for potential concerns about deal integration or valuation.
How the stock moved after the report
⚠ Clustered NEUTRAL VIEWSTOCK ABOVE ENTRY AT T+1- T+0 · Nov 2 $161.04entry
- T+1 · 3d ago +5.95%α +4.30% · $170.62
- T+3 · todayOpen
- T+5 · in 3d Pending
- T+20 · in 25d Pending
- T+60 · in 3mo Pending
Price Chart
REPLAYWatch the reaction play outHow similar events traded
Executive Summary
Two top executives at Guidewire Software (CEO and President) sold a combined $529K in open-market sales under 10b5-1 plans within a week of the company announcing a $1.7B acquisition of Hyperexponential Ltd. The sales are small relative to the $13.1B market cap (0.004%) and were pre-planned, but the timing near a material M&A announcement warrants attention.
Key Financial Metrics
Key Facts
- CEO Michael Rosenbaum sold 1,200 shares at $160.16 for $192K on 2026-11-02 under a 10b5-1 plan.
- President John Mullen sold 1,800 shares at $187.19 for $337K on 2026-10-26 under a 10b5-1 plan.
- Total open-market sales of $529K represent 0.004% of Guidewire's $13.1B market cap.
- The sales occurred within 6 days of Guidewire's October 27 announcement of a $1.7B cash acquisition of Hyperexponential Ltd.
- Both sales were executed under pre-arranged 10b5-1 trading plans, reducing the likelihood of opportunistic timing.
Financial Impact
Total insider sales of $529K, negligible relative to $13.1B market cap (0.004%).
Risk Factors
- Insider sales near a material M&A announcement, even if pre-planned, can raise perception concerns.
- The $1.7B acquisition adds execution risk and leverage; any insider selling beyond 10b5-1 plans could signal unease.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-GWRE-1793660655932 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 2, 2026 3d ago | Insider Cluster | $161.04 | awaiting T+60 | awaiting T+60 | $170.62 (+5.95%) |
Nov 2, 2026 3d ago | 144 | $161.04 | awaiting T+60 | awaiting T+60 | $170.62 (+5.95%) |
Oct 29, 2026 7d ago | DEFA14A | $162.59 | awaiting T+60 | awaiting T+60 | $170.62 (+4.94%) |
Oct 29, 2026 7d ago | DEF 14A | $162.59 | awaiting T+60 | awaiting T+60 | $170.62 (+4.94%) |
Oct 27, 2026 9d ago | Insider Cluster | $166.92 | awaiting T+60 | awaiting T+60 | $170.62 (+2.22%) |
Oct 27, 2026 9d ago | 8-K | $169.15 | awaiting T+60 | awaiting T+60 | $170.62 (+0.87%) |
Oct 26, 2026 10d ago | 144 | $169.15 | awaiting T+60 | awaiting T+60 | $170.62 (+0.87%) |
Oct 26, 2026 10d ago | Insider Cluster | $169.15 | awaiting T+60 | awaiting T+60 | $170.62 (+0.87%) |
Oct 26, 2026 10d ago | 144 | $169.15 | awaiting T+60 | awaiting T+60 | $170.62 (+0.87%) |
Oct 20, 2026 16d ago | Insider Cluster | $181.90 | awaiting T+60 | awaiting T+60 | $170.62 (+6.20%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers