Grace & Mercy Foundation, Inc. 4
Research Summary
AI-generated summary
Gloo (GLOO) 10% Owner Grace & Mercy Foundation Buys 923,076 Shares
What Happened
- Grace & Mercy Foundation, listed as a 10% owner of Gloo Holdings, Inc. (GLOO), purchased 923,076 shares of Gloo Class A common stock on July 9, 2026. The shares were acquired at the public offering price of $3.25 per share, for a total purchase value of $2,999,997. This was a purchase in a firm-commitment underwritten public offering (not an open-market sale).
Key Details
- Transaction date: July 9, 2026. Price paid: $3.25 per share. Total value: $2,999,997. (Transaction code: P = Purchase)
- Footnote: The purchase was made pursuant to an underwriting agreement for the Offering; the Offering closed on July 10, 2026, and the Reporting Person agreed to purchase on July 9 (see footnote F1).
- Shares owned after the transaction: not specified in the information provided.
- Filing: Form 4 filed July 13, 2026 (covers period of report July 9, 2026); filing appears to be timely under Form 4 rules.
Context
- This transaction was an institutional purchase by a 10% owner in a public offering rather than an executive's open-market trade. Purchases by large shareholders can be interpreted as support for the offering, but the filing is factual and does not indicate the Reporting Person’s motivations.