Gloo Holdings (GLOO) director converts 1,277,300 Class B shares to Class A
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gloo Holdings, Inc. director Jack D. Furst reported the conversion of 1,277,300 shares of Class B common stock into Class A common stock through affiliated entities on July 9, 2026. He now holds 275,000 Class A shares directly, including 25,000 restricted stock units, and additional Class A and Class B shares indirectly via investment entities where he may be deemed to have beneficial ownership.
Positive
- None.
Negative
- None.
Insights
Director converted dual-class shares into Class A, with no open‑market buying or selling.
Director Jack D. Furst oversaw the conversion of 1,277,300 Class B shares into Class A on July 9, 2026. The transactions are coded as derivative conversions ("C"), not open‑market purchases or sales, and occur at a stated price of $0.0000 per share.
After these moves, he holds 275,000 Class A shares directly, including 25,000 RSUs, plus substantial indirect Class A and Class B holdings through entities such as JAJO Partners, LP, Oak Stream Investors III, Ltd., and InspireHub, Inc., where he may be deemed to have beneficial ownership.
The Class B stock is convertible into Class A on a 1:1 basis and has no expiration date, and a remaining derivative position representing 458,333 underlying Class A shares of Class B common stock is still held indirectly. Overall, this looks like dual‑class capital structure housekeeping rather than a directional bet.
Insider Trade Summary
1,277,300 shares exercised/converted
Mixed
6 txns
Insider
FURST JACK D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 544,444 | $0.00 | -- |
| Conversion | Class B Common Stock | 732,856 | $0.00 | -- |
| Conversion | Class A Common Stock | 544,444 | $0.00 | -- |
| Conversion | Class A Common Stock | 732,856 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 0 shares (Indirect, See footnote);
Class A Common Stock — 544,444 shares (Indirect, See footnote);
Class A Common Stock — 275,000 shares (Direct, null)
Footnotes (1)
- Represents the conversion of Class B common stock into Class A common stock. Shares held of record by JAJO Partners, LP. Mr. Furst is the president of JAJO LLC which is the general partner of JAJO Partners LP and may be deemed to have beneficial ownership of such shares. Shares held of record by Oak Stream Investors III, Ltd. Mr. Furst is the chairman of the board of Oak Stream Ranch which is the general partner of Oak Stream Investors III, Ltd. and may be deemed to have beneficial ownership of such shares. Includes 25,000 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. 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. Shares held of record by InspireHub, Inc. Mr. Furst is a director of InspireHub, Inc. and may be deemed to have beneficial ownership of such shares.
Key Figures
Class B shares converted: 1,277,300 shares
Class A acquired via conversion (entry 1): 732,856 shares
Class A acquired via conversion (entry 2): 544,444 shares
+4 more
7 metrics
Class B shares converted
1,277,300 shares
Total Class B common stock converted into Class A common stock on July 9, 2026
Class A acquired via conversion (entry 1)
732,856 shares
Class A common stock acquired indirectly upon conversion of Class B common stock
Class A acquired via conversion (entry 2)
544,444 shares
Class A common stock acquired indirectly upon conversion of Class B common stock
Direct Class A holdings after transactions
275,000 shares
Class A common stock held directly by Jack D. Furst following the reported transactions
Restricted stock units included
25,000 RSUs
RSUs included within the 275,000 direct Class A shares, each RSU equals one share upon vesting
Remaining Class B derivative position
458,333 underlying shares
Class B common stock indirectly held, convertible into an equal number of Class A shares
Conversion ratio
1:1
Each share of Class B common stock is convertible at any time into one share of Class A common stock
Key Terms
restricted stock units ("RSUs"), beneficial ownership, Class B common stock, Outside Director Compensation Policy, +1 more
5 terms
restricted stock units ("RSUs") financial
"Includes 25,000 restricted stock units ("RSUs"). Each RSU represents a contingent right"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
beneficial ownership regulatory
"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.
Class B common stock financial
"The Class B common stock is convertible at any time, at the holder's election"
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.
Outside Director Compensation Policy regulatory
"continuing to be an Outside Director (as defined in the Issuer's Outside Director Compensation Policy)"
conversion of derivative security financial
"transaction_code_description": "Conversion of derivative security""
FAQ
What insider transaction did GLOO director Jack D. Furst report?
Director Jack D. Furst reported converting 1,277,300 shares of Class B common stock into Class A common stock on July 9, 2026. These were derivative conversions, not open‑market purchases or sales, and occurred through entities in which he may be deemed to have beneficial ownership.
What RSU award does GLOO director Jack D. Furst currently hold?
Jack D. Furst’s direct Class A holdings include 25,000 restricted stock units (RSUs). One-half vests at the first annual stockholder meeting (or first anniversary) after grant, and the remaining half at the second annual meeting (or second anniversary), if he continues as an Outside Director through each vesting date.