Green Derek Todd 4
Research Summary
AI-generated summary
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.