Gloo (GLOO) 10% Owner Thrivent Financial Sells 29,000 Shares

What Happened Thrivent Financial for Lutherans, a 10% beneficial owner of Gloo Holdings, sold a total of 29,000 shares in multiple open-market transactions between Sept 8 and Sept 10, 2026. The reported trades: 10,000 shares on 2026-09-08 at an average around $3.20 (proceeds $31,970), 9,000 shares on 2026-09-09 at about $3.25 (proceeds $29,237), and 10,000 shares on 2026-09-10 at about $3.03 (proceeds $30,311), for total proceeds of roughly $91,518. These are outright sales (transaction code S) by an institutional 10% owner — not an executive purchase — and are typically routine portfolio activity rather than a direct signal of company prospects.

Key Details

• Transaction dates & reported prices/values:
  • 2026-09-08: 10,000 shares @ ~$3.20 — $31,970 (footnote F1: actual trades ranged $3.135–$3.24)
  • 2026-09-09: 9,000 shares @ ~$3.25 — $29,237 (footnote F2: actual trades ranged $3.13–$3.315)
  • 2026-09-10: 10,000 shares @ ~$3.03 — $30,311 (footnote F3: actual trades ranged $2.97–$3.095)
• Total sold: 29,000 shares for ~ $91,518.
• Shares owned after transaction: Not disclosed in the provided filing data.
• Filing date: 2026-09-10 (covers transactions through 2026-09-08 to 2026-09-10); filing appears timely (no late-filing flag).
• Footnotes: Each sale was executed in multiple transactions at the price ranges listed (F1–F3). Thrivent offers to provide the exact breakdown of shares sold at each price on request to the issuer, shareholders, or the SEC.
• Transaction code: S = sale. This is institutional selling by a 10% owner, not an executive trade.

Context

• Institutional sales by large holders can reflect portfolio rebalancing, liquidity needs, or other fund-level decisions and do not necessarily indicate management sentiment about Gloo’s business. For retail investors, purchases by insiders are generally considered more informative than routine institutional sales.