Green Derek Todd 4
4 · Gloo Holdings, Inc. · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
Gloo Holdings Director Derek Todd Green Buys 615,384 Shares
What Happened
Derek Todd Green, a director of Gloo Holdings, acquired 615,384 shares of the company's Class A common stock on July 10, 2026. The shares were bought at $3.25 per share in a firm‑commitment public offering, for a total purchase price of $1,999,998. The filing reports the shares as held of record by HL American Investments LLC; Mr. Green is an assistant vice president of investments at that firm and may be deemed to beneficially own the shares.
Key Details
- Transaction date and price: July 10, 2026 — purchase at $3.25 per share.
- Total shares purchased: 615,384; total value: $1,999,998.
- Record holder: HL American Investments LLC (reported as the record owner).
- Beneficial ownership: Mr. Green may be deemed to beneficially own the shares due to his role at HL American (footnote F2).
- Footnotes of note:
- F1: Purchase occurred in an underwritten public offering that closed July 10, 2026.
- F2: Shares held of record by HL American Investments LLC; Mr. Green is an AVP there and may be deemed to own them.
- F3/F4: Filing also includes generic notes on RSU vesting terms and Class B→A conversion mechanics; these describe other equity terms but are not the primary transaction here.
- Shares owned after transaction: Not specified in the Form 4 (filing reports the transaction and record holder, not a post‑transaction beneficial total).
- Timeliness: Reported on July 10, 2026 (same date as the transaction); no late filing indicated.
Context
This was a purchase in a public offering (underwriter-led placement), not an open‑market trade. The shares were purchased by an institutional account (HL American Investments LLC); the filing treats Mr. Green as potentially beneficially owning those shares because of his position at that firm. Purchases by insiders or related entities are often viewed as informative, but filings do not state the purchaser’s motivation.
Insider Transaction Report
- Purchase
Class A Common Stock
[F1][F2]2026-07-10$3.25/sh+615,384$1,999,998→ 865,384 total(indirect: See footnote)
- 25,000
Class A Common Stock
[F3] - 55,555(indirect: See footnote)
Class B Common Stock
[F4][F2]→ Class A Common Stock (55,555 underlying)
Footnotes (4)
- [F1]On July 8, 2026, Gloo Holdings, Inc. (the "Issuer") entered into an underwriting agreement in connection with a firm commitment underwritten public offering (the "Offering"), which closed on July 10, 2026. HL American Investments LLC purchased 615,384 shares of the Issuer's Class A common stock in the Offering at the public offering price of $3.25 per share.
- [F2]Shares held of record by HL American Investments LLC. Mr. Green is the assistant vice president of investments of HL American Investments LLC and may be deemed to have beneficial ownership of the shares held of record by HL American Investments LLC.
- [F3]Represents an equal number of 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.
- [F4]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.