FURST JACK D 4
4 · Gloo Holdings, Inc. · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
Gloo (GLOO) Director Jack D. Furst Converts Class B into Class A
What Happened
- Jack D. Furst, a director of Gloo Holdings, converted a total of 1,277,300 shares of Class B common stock into Class A common stock on July 9, 2026. The filing shows two conversion entries of 544,444 and 732,856 shares (each reported as both an acquisition of Class A and a disposition of a derivative/Class B).
- No purchase price or cash consideration is reported (conversion is 1:1 per the filing), so there is no sale or purchase value associated with this transaction. This is effectively an exchange of share class rather than a market buy or sell.
Key Details
- Transaction date: 2026-07-09; Form 4 filed: 2026-07-10 (filed promptly).
- Shares converted: 544,444 + 732,856 = 1,277,300 shares (reported as both Acquired and Disposed due to class conversion).
- Price/Value: N/A — Class B is convertible into Class A on a 1:1 basis and conversion has no cash price or expiration (see footnotes).
- Shares owned after transaction: Not specified in the provided filing details.
- Notable footnotes:
- F1/F5: These entries represent conversion of Class B common stock into Class A on a 1:1 basis (convertible at holder's election; no expiration).
- F2/F3/F6: Some shares are held of record by entities (JAJO Partners LP, Oak Stream Investors III, Ltd., InspireHub, Inc.) for which Mr. Furst may be deemed to have beneficial ownership due to his roles.
- F4: Disclosure includes 25,000 RSUs with vesting conditions for outside directors.
- Filing timeliness: Filed the day after the transaction — appears timely (not a late filing).
Context
- This was a class-conversion transaction (derivative conversion), not an open-market purchase or sale. The filing shows both an "acquisition" of Class A shares and a corresponding "disposition" of the derivative/Class B shares to reflect the 1:1 conversion.
- Conversions like this do not necessarily signal a buy or sell decision; they change share class and voting/transfer characteristics but do not by themselves represent a market bet.
Insider Transaction Report
Form 4
FURST JACK D
Director
Transactions
- Conversion
Class A Common Stock
[F1][F2]2026-07-09+544,444→ 544,444 total(indirect: See footnote) - Conversion
Class A Common Stock
[F1][F3]2026-07-09+732,856→ 732,856 total(indirect: See footnote) - Conversion
Class B Common Stock
[F5][F2]2026-07-09−544,444→ 0 total(indirect: See footnote)→ Class A Common Stock (544,444 underlying) - Conversion
Class B Common Stock
[F5][F3]2026-07-09−732,856→ 0 total(indirect: See footnote)→ Class A Common Stock (732,856 underlying)
Holdings
- 275,000
Class A Common Stock
[F4] - 458,333(indirect: See footnote)
Class B Common Stock
[F5][F6]→ Class A Common Stock (458,333 underlying)
Footnotes (6)
- [F1]Represents the conversion of Class B common stock into Class A common stock.
- [F2]Shares held of record by JAJO Partners, LP. Mr. Furst is the president of JAJO LLC which is the general partner of JAJO Partners LP and may be deemed to have beneficial ownership of such shares.
- [F3]Shares held of record by Oak Stream Investors III, Ltd. Mr. Furst is the chairman of the board of Oak Stream Ranch which is the general partner of Oak Stream Investors III, Ltd. and may be deemed to have beneficial ownership of such shares.
- [F4]Includes 25,000 restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock on the date it vests. One-half (1/2) of the RSUs will vest on the day of the first annual stockholder meeting following the grant date of the RSUs, or, if earlier, on the one-year anniversary of the grant date and one-half (1/2) of the RSUs will vest on the day of the second annual stockholder meeting following the grant date, or, if earlier, on the two-year anniversary of the grant date, subject to the Reporting Person continuing to be an Outside Director (as defined in the Issuer's Outside Director Compensation Policy) through each such vesting date.
- [F5]The Class B common stock is convertible at any time, at the holder's election, into Class A common stock on a 1:1 basis and has no expiration date.
- [F6]Shares held of record by InspireHub, Inc. Mr. Furst is a director of InspireHub, Inc. and may be deemed to have beneficial ownership of such shares.
Signature
Jeffrey Bojar, Attorney in fact on behalf of Jack D. Furst|2026-07-10