THRIVENT FINANCIAL FOR LUTHERANS 4
Research Summary
AI-generated summary
Gloo (GLOO) 10% Owner Thrivent Financial Sells Shares
What Happened Thrivent Financial for Lutherans, reported as a 10% owner of Gloo Holdings, sold a total of 21,000 shares in three open-market transactions between June 24 and June 26, 2026, for aggregate proceeds of approximately $91,582. The filing lists: 3,800 shares on 6/24 ($17,265), 1,600 shares on 6/25 ($6,736), and 15,600 shares on 6/26 ($67,581). These were sales (S) — routine dispositions rather than purchases.
Key Details
- Transaction dates and reported prices:
- 2026-06-24: 3,800 shares at $4.54 (listed value $17,265) — footnote F1 notes multiple trades in the range $4.53–$4.67.
- 2026-06-25: 1,600 shares at $4.21 (exact price per footnote F2; $6,736).
- 2026-06-26: 15,600 shares at $4.33 (listed value $67,581) — footnote F3 notes multiple trades in the range $4.31–$4.38.
- Total sold: 21,000 shares for ~$91,582.
- Shares owned after the transaction: not specified in the data provided in this summary / not reported in the supplied details.
- Filing timeliness: Form 4 was filed on June 26, 2026; the filing shows no late-filing flag.
- Notable footnotes: F1 and F3 indicate the June 24 and June 26 sales occurred in multiple trades at price ranges; F2 indicates the June 25 price is exact.
Context
- Thrivent is an institutional 10% owner, not an individual executive — institutional rebalancing or portfolio management often explains sales and does not necessarily indicate management sentiment about the company.
- Sales are generally less informative than purchases for predicting insider confidence; this filing documents disposition of shares rather than any purchase or option exercise.