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[8-K] Cassava Sciences, Inc. Reports Material Event

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Rhea-AI Filing Summary

Guidewire Software, Inc. (GWRE) � Form 144 Notice of Proposed Sale

An individual affiliate intends to sell 1,000 Class A common shares through UBS Financial Services on or about 24 June 2025. The shares are valued at an aggregate $238,000, implying an average reference value of roughly $238 per share. Compared with the company’s 84.195 million shares outstanding, the planned sale represents only 0.0012 % of the float, indicating no material dilution or change in control.

The filer previously acquired 2,000 shares in an open-market cash purchase on 15 June 2022. During the past three months, the same insider—identified as Michael C. Keller—sDZ 860 shares on 16 June 2025, generating $218,836 in gross proceeds (� $254 per share). All representations affirm the seller is unaware of undisclosed adverse information, in accordance with Rule 144 and Rule 10b5-1 requirements.

Because the transaction size is immaterial relative to GWRE’s market capitalization and share count, the filing is largely administrative. Nevertheless, it signals incremental insider liquidity activity investors may monitor for trend development.

Guidewire Software, Inc. (GWRE) � Avviso di Proposta di Vendita ai sensi del Modulo 144

Un affiliato individuale intende vendere 1.000 azioni ordinarie di Classe A tramite UBS Financial Services intorno al 24 giugno 2025. Le azioni sono valutate complessivamente 238.000 $, con un valore medio di riferimento di circa 238 $ per azione. Considerando le 84,195 milioni di azioni in circolazione della società, la vendita pianificata rappresenta solo lo 0,0012% del flottante, indicando nessuna diluizione significativa o cambiamento di controllo.

Il dichiarante aveva precedentemente acquisito 2.000 azioni tramite un acquisto in contanti sul mercato aperto il 15 giugno 2022. Negli ultimi tre mesi, lo stesso insider—identificato come Michael C. Keller—ha venduto 860 azioni il 16 giugno 2025, generando 218.836 $ di ricavi lordi (circa 254 $ per azione). Tutte le dichiarazioni confermano che il venditore non è a conoscenza di informazioni negative non divulgate, in conformità con le regole 144 e 10b5-1.

Poiché la dimensione della transazione è irrilevante rispetto alla capitalizzazione di mercato e al numero di azioni di GWRE, la comunicazione ha un carattere principalmente amministrativo. Tuttavia, segnala un'attività incrementale di liquidità da parte degli insider che gli investitori potrebbero monitorare per eventuali sviluppi di tendenza.

Guidewire Software, Inc. (GWRE) � Aviso de Propuesta de Venta según el Formulario 144

Un afiliado individual tiene la intención de vender 1,000 acciones ordinarias Clase A a través de UBS Financial Services aproximadamente el 24 de junio de 2025. Las acciones están valoradas en un total de $238,000, lo que implica un valor de referencia promedio de aproximadamente $238 por acción. En comparación con las 84.195 millones de acciones en circulación de la compañía, la venta planeada representa solo el 0.0012% del flotante, indicando ninguna dilución material ni cambio de control.

El declarante adquirió previamente 2,000 acciones en una compra en efectivo en el mercado abierto el 15 de junio de 2022. Durante los últimos tres meses, el mismo insider—identificado como Michael C. Keller′Ի徱ó 860 acciones el 16 de junio de 2025, generando $218,836 en ingresos brutos (aproximadamente $254 por acción). Todas las declaraciones confirman que el vendedor desconoce información adversa no divulgada, conforme a los requisitos de las reglas 144 y 10b5-1.

Dado que el tamaño de la transacción es insignificante en relación con la capitalización de mercado y el número de acciones de GWRE, la presentación es mayormente administrativa. Sin embargo, señala una actividad incremental de liquidez por parte de los insiders que los inversores pueden monitorear para detectar tendencias.

Guidewire Software, Inc. (GWRE) � Form 144 제안 매도 통지

� 개인 계열사가 UBS Financial Services� 통해 1,000� Class A 보통�� 2025� 6� 24일경� 매도� 예정입니�. 해당 주식� � 가치는 238,000달러�, 주당 평균 참고 가치는 � 238달러입니�. 회사� 8,419� 5� 주의 발행 주식� 비교� �, 이번 매도� 유통 주식� 단지 0.0012%� 불과하여 중대� 희석 효과� 지배권 변화가 없음� 의미니�.

신고자는 이전� 2022� 6� 15� 공개 시장에서 현금으로 2,000주를 취득� � 있습니다. 최근 3개월 동안 동일� 내부자�Michael C. Keller� 확인됨—는 2025� 6� 16일에 860�� 매도하여 � 218,836달러� 매출� 올렸으며(주당 � 254달러), 모든 진술은 판매자가 비공� 부정적 정보� 알지 못함� 규칙 144 � 10b5-1 요건� 따라 확인합니�.

거래 규모가 GWRE� 시가총액 � 주식 수에 비해 미미하기 때문� 이번 신고� 주로 행정� 성격입니�. 그럼에도 불구하고 투자자들� 추세 변화를 모니터링� � 있는 내부� 유동� 활동 증가� 나타냅니�.

Guidewire Software, Inc. (GWRE) � Avis de proposition de vente selon le formulaire 144

Un affilié individuel prévoit de vendre 1 000 actions ordinaires de Classe A via UBS Financial Services aux alentours du 24 juin 2025. Les actions sont valorisées à un total de 238 000 $, ce qui implique une valeur de référence moyenne d'environ 238 $ par action. Par rapport aux 84,195 millions d’actions en circulation de la société, la vente prévue ne représente que 0,0012 %aucune dilution significative ni changement de contrôle.

Le déclarant avait précédemment acquis 2 000 actions lors d’un achat au comptant sur le marché libre le 15 juin 2022. Au cours des trois derniers mois, le même initié—identifié comme Michael C. Keller—a vendu 860 actions le 16 juin 2025, générant 218 836 $ de produit brut (environ 254 $ par action). Toutes les déclarations confirment que le vendeur n’a connaissance d’aucune information défavorable non divulguée, conformément aux règles 144 et 10b5-1.

Étant donné que la taille de la transaction est é𲹲 par rapport à la capitalisation boursière et au nombre d’actions de GWRE, le dépôt est principalement administratif. Néanmoins, il signale une activité de liquidité accrue des initiés que les investisseurs peuvent surveiller pour détecter d’éventuelles tendances.

Guidewire Software, Inc. (GWRE) � Form 144 Mitteilung über geplanten Verkauf

Ein einzelner Affiliate beabsichtigt, 1.000 Class A Stammaktien über UBS Financial Services am oder um den 24. Juni 2025 zu verkaufen. Die Aktien haben einen Gesamtwert von 238.000 $, was einem durchschnittlichen Referenzwert von etwa 238 $ pro Aktie entspricht. Im Vergleich zu den 84,195 Millionen ausstehenden Aktien des Unternehmens stellt der geplante Verkauf nur 0,0012 % des Streubesitzes dar, was auf keine wesentliche Verwässerung oder Kontrolleänderung hinweist.

Der Meldende hatte zuvor 2.000 Aktien am 15. Juni 2022 in einem offenen Barkauf erworben. Innerhalb der letzten drei Monate verkaufte derselbe Insider—identifiziert als Michael C. Keller—am 16. Juni 2025 860 Aktien und erzielte einen Bruttoerlös von 218.836 $ (� 254 $ pro Aktie). Alle Angaben bestätigen, dass der Verkäufer keine nicht offengelegten negativen Informationen kennt, gemäß den Anforderungen von Regel 144 und Regel 10b5-1.

Da die Transaktionsgröße im Verhältnis zur Marktkapitalisierung und Aktienanzahl von GWRE unwesentlich ist, handelt es sich bei der Meldung hauptsächlich um eine administrative Angelegenheit. Dennoch signalisiert sie eine zunehmende Insider-Liquiditätsaktivität, die Investoren zur Beobachtung von Trends nutzen können.

Positive
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Negative
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Insights

TL;DR: Tiny Rule 144 sale; negligible ownership impact, neutral signal.

The proposed 1,000-share sale equals just 0.001 % of outstanding shares—far below any dilution threshold. Dollar value (~$238k) is also minimal for a $10 bn-class software company. The insider’s prior 860-share sale in June shows a pattern of small liquidity events rather than strategic divestment. Because the filer attests to no non-public adverse information, I view the filing as routine and non-impactful to valuation or sentiment.

TL;DR: Compliance filing, insignificant ownership change, governance posture intact.

Form 144 ensures transparency for insider trades over 500 shares or $10k value. This notice meets that threshold but remains well below levels that would trigger heightened scrutiny or Board concern. The seller follows Rule 10b5-1/Rule 144 protocols, supporting strong compliance culture at GWRE. No red flags emerge regarding potential information asymmetry or control shifts.

Guidewire Software, Inc. (GWRE) � Avviso di Proposta di Vendita ai sensi del Modulo 144

Un affiliato individuale intende vendere 1.000 azioni ordinarie di Classe A tramite UBS Financial Services intorno al 24 giugno 2025. Le azioni sono valutate complessivamente 238.000 $, con un valore medio di riferimento di circa 238 $ per azione. Considerando le 84,195 milioni di azioni in circolazione della società, la vendita pianificata rappresenta solo lo 0,0012% del flottante, indicando nessuna diluizione significativa o cambiamento di controllo.

Il dichiarante aveva precedentemente acquisito 2.000 azioni tramite un acquisto in contanti sul mercato aperto il 15 giugno 2022. Negli ultimi tre mesi, lo stesso insider—identificato come Michael C. Keller—ha venduto 860 azioni il 16 giugno 2025, generando 218.836 $ di ricavi lordi (circa 254 $ per azione). Tutte le dichiarazioni confermano che il venditore non è a conoscenza di informazioni negative non divulgate, in conformità con le regole 144 e 10b5-1.

Poiché la dimensione della transazione è irrilevante rispetto alla capitalizzazione di mercato e al numero di azioni di GWRE, la comunicazione ha un carattere principalmente amministrativo. Tuttavia, segnala un'attività incrementale di liquidità da parte degli insider che gli investitori potrebbero monitorare per eventuali sviluppi di tendenza.

Guidewire Software, Inc. (GWRE) � Aviso de Propuesta de Venta según el Formulario 144

Un afiliado individual tiene la intención de vender 1,000 acciones ordinarias Clase A a través de UBS Financial Services aproximadamente el 24 de junio de 2025. Las acciones están valoradas en un total de $238,000, lo que implica un valor de referencia promedio de aproximadamente $238 por acción. En comparación con las 84.195 millones de acciones en circulación de la compañía, la venta planeada representa solo el 0.0012% del flotante, indicando ninguna dilución material ni cambio de control.

El declarante adquirió previamente 2,000 acciones en una compra en efectivo en el mercado abierto el 15 de junio de 2022. Durante los últimos tres meses, el mismo insider—identificado como Michael C. Keller′Ի徱ó 860 acciones el 16 de junio de 2025, generando $218,836 en ingresos brutos (aproximadamente $254 por acción). Todas las declaraciones confirman que el vendedor desconoce información adversa no divulgada, conforme a los requisitos de las reglas 144 y 10b5-1.

Dado que el tamaño de la transacción es insignificante en relación con la capitalización de mercado y el número de acciones de GWRE, la presentación es mayormente administrativa. Sin embargo, señala una actividad incremental de liquidez por parte de los insiders que los inversores pueden monitorear para detectar tendencias.

Guidewire Software, Inc. (GWRE) � Form 144 제안 매도 통지

� 개인 계열사가 UBS Financial Services� 통해 1,000� Class A 보통�� 2025� 6� 24일경� 매도� 예정입니�. 해당 주식� � 가치는 238,000달러�, 주당 평균 참고 가치는 � 238달러입니�. 회사� 8,419� 5� 주의 발행 주식� 비교� �, 이번 매도� 유통 주식� 단지 0.0012%� 불과하여 중대� 희석 효과� 지배권 변화가 없음� 의미니�.

신고자는 이전� 2022� 6� 15� 공개 시장에서 현금으로 2,000주를 취득� � 있습니다. 최근 3개월 동안 동일� 내부자�Michael C. Keller� 확인됨—는 2025� 6� 16일에 860�� 매도하여 � 218,836달러� 매출� 올렸으며(주당 � 254달러), 모든 진술은 판매자가 비공� 부정적 정보� 알지 못함� 규칙 144 � 10b5-1 요건� 따라 확인합니�.

거래 규모가 GWRE� 시가총액 � 주식 수에 비해 미미하기 때문� 이번 신고� 주로 행정� 성격입니�. 그럼에도 불구하고 투자자들� 추세 변화를 모니터링� � 있는 내부� 유동� 활동 증가� 나타냅니�.

Guidewire Software, Inc. (GWRE) � Avis de proposition de vente selon le formulaire 144

Un affilié individuel prévoit de vendre 1 000 actions ordinaires de Classe A via UBS Financial Services aux alentours du 24 juin 2025. Les actions sont valorisées à un total de 238 000 $, ce qui implique une valeur de référence moyenne d'environ 238 $ par action. Par rapport aux 84,195 millions d’actions en circulation de la société, la vente prévue ne représente que 0,0012 %aucune dilution significative ni changement de contrôle.

Le déclarant avait précédemment acquis 2 000 actions lors d’un achat au comptant sur le marché libre le 15 juin 2022. Au cours des trois derniers mois, le même initié—identifié comme Michael C. Keller—a vendu 860 actions le 16 juin 2025, générant 218 836 $ de produit brut (environ 254 $ par action). Toutes les déclarations confirment que le vendeur n’a connaissance d’aucune information défavorable non divulguée, conformément aux règles 144 et 10b5-1.

Étant donné que la taille de la transaction est é𲹲 par rapport à la capitalisation boursière et au nombre d’actions de GWRE, le dépôt est principalement administratif. Néanmoins, il signale une activité de liquidité accrue des initiés que les investisseurs peuvent surveiller pour détecter d’éventuelles tendances.

Guidewire Software, Inc. (GWRE) � Form 144 Mitteilung über geplanten Verkauf

Ein einzelner Affiliate beabsichtigt, 1.000 Class A Stammaktien über UBS Financial Services am oder um den 24. Juni 2025 zu verkaufen. Die Aktien haben einen Gesamtwert von 238.000 $, was einem durchschnittlichen Referenzwert von etwa 238 $ pro Aktie entspricht. Im Vergleich zu den 84,195 Millionen ausstehenden Aktien des Unternehmens stellt der geplante Verkauf nur 0,0012 % des Streubesitzes dar, was auf keine wesentliche Verwässerung oder Kontrolleänderung hinweist.

Der Meldende hatte zuvor 2.000 Aktien am 15. Juni 2022 in einem offenen Barkauf erworben. Innerhalb der letzten drei Monate verkaufte derselbe Insider—identifiziert als Michael C. Keller—am 16. Juni 2025 860 Aktien und erzielte einen Bruttoerlös von 218.836 $ (� 254 $ pro Aktie). Alle Angaben bestätigen, dass der Verkäufer keine nicht offengelegten negativen Informationen kennt, gemäß den Anforderungen von Regel 144 und Regel 10b5-1.

Da die Transaktionsgröße im Verhältnis zur Marktkapitalisierung und Aktienanzahl von GWRE unwesentlich ist, handelt es sich bei der Meldung hauptsächlich um eine administrative Angelegenheit. Dennoch signalisiert sie eine zunehmende Insider-Liquiditätsaktivität, die Investoren zur Beobachtung von Trends nutzen können.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  June 30, 2025

_______________________________

Cassava Sciences, Inc.

(Exact name of registrant as specified in its charter)

_______________________________

Delaware 001-4190591-1911336
(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

6801 N Capital of Texas Highway, Building 1; Suite 300

Austin, Texas 78731

(Address of Principal Executive Offices) (Zip Code)

(512) 501-2444

(Registrant's telephone number, including area code)

 

(Former name or former address, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.001 par valueSAVANASDAQ Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 
 
Item 7.01. Regulation FD Disclosure.

 

On June 30, 2025, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

The information provided in this Current Report, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. Such information shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any incorporation by reference language in such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

Exhibit Number Description
   
99.1 Press Release dated June 30, 2025
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 Cassava Sciences, Inc.
 a Delaware corporation
   
  
Date: June 30, 2025By: /s/ Eric J. Schoen        
  Eric J. Schoen
  Chief Financial Officer
  

 

FAQ

What is Guidewire Software’s (GWRE) Form 144 filing about?

An insider plans to sell 1,000 Class A shares valued at $238,000 on 24 June 2025.

How many GWRE shares are being sold under this Form 144?

The notice covers 1,000 shares of Class A common stock.

What percentage of GWRE’s total shares does the sale represent?

The sale is approximately 0.0012 % of the 84.195 million shares outstanding.

Who is the selling insider listed in the filing?

Michael C. Keller is the filer/seller stated in the Form 144.

Has the insider recently sold other Guidewire shares?

Yes. 860 shares were sold on 16 June 2025 for $218,836 in gross proceeds.

Which broker will execute the planned GWRE share sale?

UBS Financial Services Inc. located in Weehawken, NJ, is the designated broker.
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