FURST JACK D 4

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.