Was cash paid in Thrivent’s Gloo Holdings share conversion?

The filing reports a transaction price per share of $0.0000 for both the Class A and Class B legs of the conversion. This indicates the event was recorded as a non-cash derivative conversion rather than a purchase or sale in the open market.

Thrivent Financial (GLOO holder) converts 4.8M Gloo Class B shares into Class A

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Gloo Holdings, Inc. major shareholder Thrivent Financial for Lutherans converted its Class B common stock into Class A common stock. On May 18, 2026, it converted 4,786,477 shares of Class B into the same number of Class A shares, with no cash price per share reported. After the conversion, Thrivent directly holds 4,786,477 Class A shares and no Class B shares from this position, simplifying its ownership into a single share class.

Insider Trade Summary

4,786,477 shares exercised/converted

Mixed 2 txns

Insider THRIVENT FINANCIAL FOR LUTHERANS

Role null

Type	Security	Shares	Price	Value
Conversion	Class B Common Stock	4,786,477	$0.00	--
Conversion	Class A Common Stock	4,786,477	$0.00	--

Holdings After Transaction: Class B Common Stock — 0 shares (Direct, null); Class A Common Stock — 4,786,477 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Class B shares converted: 4,786,477 shares Class A shares received: 4,786,477 shares Class A holdings after transaction: 4,786,477 shares +2 more

5 metrics

Class B shares converted 4,786,477 shares Class B common stock converted to Class A on May 18, 2026

Class A shares received 4,786,477 shares Class A common stock acquired via conversion on May 18, 2026

Class A holdings after transaction 4,786,477 shares Total Class A common stock directly owned following conversion

Reported transaction price $0.0000 per share Price per share for both legs of the conversion

Derivative conversion events 2 transactions One non-derivative and one derivative entry coded as C

Key Terms

Class B common stock, Class A common stock, Conversion of derivative security, ten percent owner

4 terms

Class B common stock financial

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

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

"converted 4,786,477 shares of Class B common stock into shares 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.

Conversion of derivative security financial

"transaction_code_description": "Conversion of derivative security""

ten percent owner regulatory

"is_ten_percent_owner": 1"

Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 04:30 PM

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/18/2026		C		4,786,477	A	⁽¹⁾	4,786,477	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽¹⁾	05/18/2026		C			4,786,477	⁽¹⁾	⁽¹⁾	Class A Common Stock	4,786,477	$0	0	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. On May 18, 2026, the reporting person converted 4,786,477 shares of Class B common stock into shares of Class A common stock.

	/s/ David S. Royal, Executive Vice President, Chief Financial and Investment Officer	05/20/2026
	** 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 4 (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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Thrivent report for Gloo Holdings (GLOO)?

Thrivent Financial for Lutherans reported converting 4,786,477 shares of Class B common stock into 4,786,477 shares of Class A common stock. This was recorded as a derivative conversion with a reported transaction price of $0.0000 per share.

How many Gloo Holdings Class A shares does Thrivent hold after this Form 4?

After the reported conversion, Thrivent directly holds 4,786,477 shares of Gloo Holdings Class A common stock. The filing shows this total as the number of Class A shares beneficially owned following the transaction on May 18, 2026.

Did Thrivent sell any Gloo Holdings (GLOO) shares in this Form 4?

The Form 4 does not show any open-market sales. It records a conversion of 4,786,477 Class B shares into Class A shares, with no separate sale transactions or sell codes reported in the transaction summary.

What does the Class B to Class A conversion mean for Gloo Holdings (GLOO)?

The conversion shifts Thrivent’s holdings from Class B common stock into Class A common stock on a one-for-one basis. According to the footnote, each Class B share is convertible into one Class A share, and Class B has no expiration date.