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Gloo Holdings, Inc.·4

Jul 10, 5:02 PM ET

Beck Scott Arthur 4

Research Summary

AI-generated summary

Updated

Gloo (GLOO) 10% Owner Scott Beck Buys 1.08M Shares

What Happened

  • Scott Arthur Beck (listed as Beck, Scott Arthur), a reported 10% owner of Gloo Holdings, acquired 1,076,923 shares of the company's Class A common stock on July 10, 2026. The shares were purchased at the public offering price of $3.25 per share for a total of $3,500,000.
  • This was a purchase (a bullish signal relative to sales) made in connection with the underwritten public offering that closed July 10, 2026 — the shares were bought by Pearl Street Trust in the Offering, for which Mr. Beck and his spouse are trustees and may be deemed beneficial owners.

Key Details

  • Transaction date and price: 2026-07-10, 1,076,923 shares @ $3.25 per share.
  • Total value: $3,500,000.
  • Shares owned after transaction: Not specified in the provided filing (see the Form 4 for full beneficial ownership details).
  • Notable footnotes:
    • F1: Purchase occurred in the firm-commitment underwritten offering closed July 10, 2026.
    • F2/F4/F5/F6: Many shares are held of record by related trusts/foundations (Pearl Street Trust, The Theresa Beck 2020 Irrevocable Trust, The Scott A. Beck 2025 Irrevocable Trust, Bowanabee Foundation); Mr. Beck is a trustee/director and may be deemed beneficial owner of those shares.
    • F3: The company has Class B shares convertible 1:1 into Class A shares (no expiration).
  • Filing timeliness: The Form 4 covers the July 10, 2026 transaction and was filed with the same report date (filed timely per the filing header).

Context

  • This purchase was made as part of an underwritten public offering (not an open-market trade), where the trust purchased shares at the offering price. For retail investors, purchases by large holders or insiders in an offering can indicate continued support but are different from open-market buys by executives.
  • As a reported 10% owner and trustee of related trusts, Mr. Beck’s purchases are executed through affiliated trusts (institutional/trust transactions), which reflects beneficial ownership structures rather than simple personal retail trades.