Beck Scott Arthur 4
Research Summary
AI-generated summary
Gloo (GLOO) 10% Owner Scott Beck Buys 27,386 Shares
What Happened
Scott Arthur Beck, a reported 10% owner of Gloo Holdings, purchased 27,386 shares on April 16, 2026 in open‑market/private transactions. The filing reports a weighted‑average price of $7.23 per share for an aggregate cost of $198,001; individual trades occurred at prices ranging from $6.55 to $7.25 (see footnote F1). This was a purchase (a bullish signal in the sense that the insider acquired stock rather than sold).
Key Details
- Transaction date: April 16, 2026. Transaction code: P (purchase).
- Aggregate shares bought: 27,386; weighted‑average price: $7.23; total reported cost: $198,001. Individual trade prices ranged $6.55–$7.25 (F1).
- The filing does not state the total number of shares Beck beneficially owned after this purchase.
- Insider status: Scott Beck is reported as a 10% owner (not an employee/officer trade). Footnotes note shares held by related trusts/foundation that he may be deemed to beneficially own (Pearl Street Trust (F2), Theresa Beck 2020 Irrevocable Trust (F5), Scott A. Beck 2025 Irrevocable Trust (F6), Bowanabee Foundation (F7)).
- Corporate note: Class B common stock is convertible 1:1 into Class A common stock with no expiration (F3). The filing also notes 269,459 shares received as a liquidating distribution from Gloo Enterprises, LLC (F4).
- Filing timing: report filed same day as the transaction (April 16, 2026); no late filing indicated.
Context
- As a 10% owner, Beck is a sizable shareholder; such purchases signal increased insider ownership but do not on their own reveal motive.
- The purchase was executed across multiple trades at slightly different prices (F1). The convertible Class B note (F3) and various trust holdings (F2, F5–F7) affect how beneficial ownership is aggregated for reporting but do not change that this filing documents a direct purchase.