Patrick Gelsinger (GLOO) trust buys 36,653 Class A Gloo shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gloo Holdings, Inc. director and officer Patrick P. Gelsinger reported an indirect open-market purchase of 36,653 shares of Class A Common Stock at a weighted-average price of $7.22 per share. The shares were bought in multiple transactions within a price range of $6.40 to $7.25 and are held by the Patrick & Linda Gelsinger Trust UAD 07/29/2017, for which he serves as trustee and may be deemed to have beneficial ownership.
Following this transaction, that trust holds 161,653 Class A shares indirectly. Gelsinger is also shown with Class B Common Stock that is convertible into Class A Common Stock on a 1:1 basis with an exercise price of $0.00, including positions representing 128,205 underlying Class A shares held directly and additional indirect holdings through other trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 36,653 shares ($264,635)
Net Buy
5 txns
Insider
GELSINGER PATRICK P
Role
See Remarks
Bought
36,653 shs ($265K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 36,653 | $7.22 | $265K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 161,653 shares (Indirect, See footnote);
Class B Common Stock — 128,205 shares (Direct);
Class B Common Stock — 223,907 shares (Indirect, See footnote)
Footnotes (1)
- The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares purchased. These shares were purchased in multiple transactions at prices ranging from $6.40 to $7.25, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein. Shares held of record by the Patrick & Linda Gelsinger Trust UAD 07/29/2017. Mr. Gelsinger is the trustee of the Patrick & Linda Gelsinger Trust UAD 07/29/2017 and may be deemed to have beneficial ownership of such shares. 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. Reflects a prior transfer of 259,854 shares from Patrick Gelsinger 2020 Trust G Dated October 26, 2020 to Patrick P. Gelsinger Revocable Trust (UAD 11/7/2000). Shares held of record by Patrick Gelsinger 2020 Trust G Dated October 26, 2020. Mr. Gelsinger is the trustee of Patrick Gelsinger 2020 Trust G Dated October 26, 2020 and may be deemed to have beneficial ownership of such shares. Reflects a prior transfer of 259,854 shares from Patrick Gelsinger 2020 Trust G Dated October 26, 2020 to Patrick P. Gelsinger Revocable Trust (UAD 11/7/2000). Shares held of record by Patrick P. Gelsinger Revocable Trust (UAD 11/7/2000). Mr. Gelsinger is the trustee of Patrick P. Gelsinger Revocable Trust (UAD 11/7/2000) and may be deemed to have beneficial ownership of such shares. Shares held of record by the Patrick & Linda Gelsinger Trust UAD 07/29/2017. Mr. Gelsinger is the trustee of the Patrick & Linda Gelsinger Trust UAD 07/29/2017 and may be deemed to have beneficial ownership of such shares.
Key Figures
Class A shares purchased: 36,653 shares
Weighted-average purchase price: $7.22 per share
Post-transaction Class A holdings: 161,653 shares
+5 more
8 metrics
Class A shares purchased
36,653 shares
Open-market purchase of Class A Common Stock
Weighted-average purchase price
$7.22 per share
Price for 36,653 Class A shares bought
Post-transaction Class A holdings
161,653 shares
Class A shares held by Patrick & Linda Gelsinger Trust
Direct Class B underlying shares
128,205 underlying shares
Class B convertible into Class A, direct holding
Indirect Class B underlying shares
223,907 underlying shares
Class B convertible into Class A, one indirect position
Additional indirect Class B underlying shares
355,934 underlying shares
Class B convertible into Class A, another indirect position
Further indirect Class B underlying shares
159,745 underlying shares
Class B convertible into Class A, further indirect holding
Class B conversion price
$0.00
Exercise price to convert Class B into Class A
Key Terms
open-market purchase, Class B Common Stock, beneficial ownership, Revocable Trust, +2 more
6 terms
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Class B Common Stock financial
""security_title": "Class B Common Stock""
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.
beneficial ownership financial
"may be deemed to have beneficial ownership of such shares"
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.
Revocable Trust financial
"Patrick P. Gelsinger Revocable Trust (UAD 11/7/2000)"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
weighted-average price financial
"reflect the aggregate number and weighted-average price, respectively, of shares purchased"
convertible financial
"The Class B Common Stock is convertible at any time"
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.
FAQ
What insider transaction did GLOO director Patrick Gelsinger report on this Form 4?
Patrick P. Gelsinger reported an indirect open-market purchase of 36,653 shares of Gloo Holdings Class A Common Stock. The shares are held by the Patrick & Linda Gelsinger Trust UAD 07/29/2017, for which he is trustee and may be deemed to have beneficial ownership.
What does the Form 4 say about Patrick Gelsinger’s GLOO Class B Common Stock holdings?
The Form 4 lists Class B Common Stock positions that are convertible into Gloo Holdings Class A Common Stock on a 1:1 basis with no expiration date. These include holdings representing 128,205 underlying Class A shares directly and additional indirect positions held through various Gelsinger-related trusts.
At what conversion rate can GLOO Class B Common Stock held by Patrick Gelsinger convert to Class A?
The Class B Common Stock is convertible at any time, at the holder’s election, into Gloo Holdings Class A Common Stock on a 1:1 basis. The footnotes state this conversion has an exercise price of $0.00 per share and that the Class B shares have no expiration date.