THRIVENT FINANCIAL FOR LUTHERANS 4
Research Summary
AI-generated summary
Gloo (GLOO) 10% Owner Thrivent Financial Sells 21,000 Shares
What Happened
Thrivent Financial for Lutherans, reported as a 10% owner of Gloo Holdings, sold a total of 21,000 common shares in two open-market/private-sale transactions. On July 29, 2026 it disposed of 1,000 shares for approximately $3,137 (average price reported $3.14). On July 31, 2026 it disposed of 20,000 shares for approximately $64,568 (average price reported $3.23). The combined proceeds reported from these transactions are about $67,705. These were sales (not purchases), which are often routine for large institutional holders and do not by themselves indicate management sentiment.
Key Details
- Filing date: July 31, 2026 (Form 4 accession 0000929638-26-002852). No late-filing flag indicated in the disclosed data.
- Transaction dates and reported amounts:
- 2026-07-29: Sold 1,000 shares; reported price $3.14; proceeds $3,137. (Footnote F1: sales occurred at prices in the $3.130–$3.215 range.)
- 2026-07-31: Sold 20,000 shares; reported price $3.23; proceeds $64,568. (Footnote F2: sales occurred at prices in the $3.195–$3.260 range.)
- Shares owned after the transactions: Not disclosed in the provided filing data.
- Notable footnotes: F1 and F2 state the shares were sold in multiple transactions within the price ranges above; Thrivent will provide per-price breakdowns on request to the issuer, shareholders, or SEC staff.
- Transaction type code: S = Sale (open market or private sale).
Context
- Thrivent is an institutional 10% owner, not an individual executive; institutional sales are often portfolio-management actions rather than personal trading.
- These are outright sales of existing shares (no option exercises, awards, or gifts involved).
- Footnotes indicate the quoted prices are averages across multiple trades; exact per-trade prices can be obtained from the filer if needed.