Gloo Holdings (GLOO) investor reports 4.79M Class B convertible stake

Rhea-AI Filing Summary

Gloo Holdings, Inc. disclosed that Thrivent Financial for Lutherans, a more than ten percent owner, filed an initial statement of beneficial ownership. The filing reports direct holdings of 4,786,477 shares of Class B common stock, which are convertible at any time into an equal number of Class A common shares.

Each share of Class B common stock is convertible one-for-one into Class A common stock and has no expiration date, so this position functions like a long-term, convertible stake. The filing does not reflect a new purchase or sale, but rather documents Thrivent’s existing ownership and its associated conversion rights.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider THRIVENT FINANCIAL FOR LUTHERANS

Role null

Type	Security	Shares	Price	Value
holding	Class B common stock	--	--	--

Holdings After Transaction: Class B common stock — 4,786,477 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Class B shares owned: 4,786,477 shares Underlying Class A shares: 4,786,477 shares Conversion price: $0.00 per share

3 metrics

Class B shares owned 4,786,477 shares Direct holdings following reported position

Underlying Class A shares 4,786,477 shares Underlying Class A common stock linked to Class B

Conversion price $0.00 per share Conversion/exercise price for Class B into Class A

Key Terms

Class B common stock, Class A common stock, convertible, beneficial ownership

4 terms

Class B common stock financial

"Each share of Class B common stock is convertible at any time"

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

Class A common stock financial

"into one share of Class A common stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

convertible financial

"is convertible at any time at the option of the holder"

A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.

beneficial ownership financial

"initial statement of beneficial ownership"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

THRIVENT FINANCIAL FOR LUTHERANS

(Last) (First) (Middle)

901 MARQUETTE AVENUE

SUITE 2500

(Street)

MINNEAPOLIS MINNESOTA 55402-3211

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
11/19/2025

3. Issuer Name and Ticker or Trading Symbol
Gloo Holdings, Inc. [ GLOO ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B common stock	(1)	(1)	Class A common stock	4,786,477	(1)	D

Explanation of Responses:

1. Each share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock. The Class B common stock has no expiration date.

	/s/ David S. Royal, Executive Vice President, Chief Financial and Investment Officer	05/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the GLOO Form 3 filing by Thrivent Financial show?

The Form 3 shows Thrivent Financial for Lutherans as a greater-than-10% owner of Gloo Holdings, reporting direct holdings of Class B common stock that are convertible into Class A shares on a one-for-one basis without expiration.

How many Gloo Holdings Class B shares does Thrivent report on Form 3?

Thrivent reports beneficial ownership of 4,786,477 shares of Gloo Holdings Class B common stock. These shares are disclosed as directly owned and form the basis for Thrivent’s status as a more than ten percent beneficial owner of the company.

Can Thrivent convert its Gloo Holdings Class B shares into Class A?

Yes. Each share of Gloo Holdings Class B common stock held by Thrivent is convertible at any time, at the holder’s option, into one share of Class A common stock. The filing notes that the Class B stock has no expiration date on this conversion right.

Does the GLOO Form 3 indicate recent buying or selling by Thrivent?

The Form 3 does not indicate recent buying or selling activity. It is an initial statement of beneficial ownership that records Thrivent’s existing Class B common stock position and corresponding Class A conversion rights, rather than reporting a new market transaction.

What type of security does Thrivent hold in Gloo Holdings according to Form 3?

Thrivent holds Gloo Holdings Class B common stock, which is reported as directly owned. Each Class B share is linked to an underlying share of Class A common stock on a one-for-one basis, giving Thrivent a sizable convertible position in the company.