secwatch.observer — SEC 8-K summary
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Issuer:     Guidewire Software, Inc. (GWRE)
CIK:        0001528396
Form:       8-K
Filed at:   2023-03-03T23:59:59+00:00
Accession:  0001528396-23-000024
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Guidewire assigns HQ lease to Roblox, subleases new San Mateo space
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- Assigned 179,496 sq ft lease at 2850 S. Delaware St. to Roblox; remaining payments ~$90M through Dec 2029.
- Subleased 78,911 sq ft at One Franklin Parkway as new HQ; total payments ~$22M over ~4 years.
- Sublease term from ~July 2023 to June 2027; monthly rent starts at $216,053 and escalates.
- Landlord consent received March 2, 2023; assignment and sublease dated Feb 11, 2023.
- Guidewire will provide a $1.22M replacement letter of credit; Roblox assumes cafeteria restoration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528396/000152839623000024/0001528396-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528396/000152839623000024/gwre-20230302.htm
  HTML page:      https://secwatch.observer/filing/0001528396-23-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer