Gloo Holdings (NASDAQ: GLOO) CEO-associated trust purchases 1,076,923 Class A shares at $3.25
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gloo Holdings, Inc. reports that an entity associated with President and CEO Scott Beck bought additional Class A common stock in a public offering. On July 10, 2026, Pearl Street Trust, for which Beck and his spouse serve as trustees, purchased 1,076,923 Class A shares at $3.25 per share, bringing its indirect Class A holdings to 1,523,309 shares. Beck is also reported as having significant holdings of Class B common stock that is convertible into Class A on a 1:1 basis with no expiration.
Positive
- None.
Negative
- None.
Insights
CEO-associated trust increased its Class A stake through the latest offering.
Scott Beck, President, CEO and a ten percent owner of Gloo Holdings, Inc., is linked to a purchase of 1,076,923 Class A shares at $3.25 per share by Pearl Street Trust in a firm commitment underwritten public offering that closed on July 10, 2026. Beck and his spouse are trustees of Pearl Street Trust and may be deemed to have beneficial ownership of these indirectly held shares, raising the trust’s reported Class A position to 1,523,309 shares.
The filing also highlights substantial holdings of Class B common stock, convertible into Class A on a 1:1 basis with no expiration date, including positions over 29,029,209 underlying Class A shares held indirectly through related entities. These Class B positions provide long-term equity exposure without a stated exercise price, though the filing does not quantify their proportion of total shares outstanding.
Insider Trade Summary
Net Buyer: 1,076,923 shares ($3,500,000)
Net Buy
6 txns
Insider
Beck Scott Arthur
Role
President and CEO
Bought
1,076,923 shs ($3.50M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 1,076,923 | $3.25 | $3.50M |
| holding | Class B Common Stock | -- | -- | -- |
| 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 — 1,523,309 shares (Indirect, See footnote);
Class B Common Stock — 29,029,209 shares (Indirect, See footnote);
Class B Common Stock — 1,166,666 shares (Direct, null)
Footnotes (1)
- On July 8, 2026, Gloo Holdings, Inc. (the "Issuer") entered into an underwriting agreement in connection with a firm commitment underwritten public offering (the "Offering"), which closed on July 10, 2026. Pearl Street Trust purchased 1,076,923 shares of the Issuer's Class A common stock in the Offering at the public offering price of $3.25 per share. Shares held of record by Pearl Street Trust. Scott Beck and his spouse are trustees of Pearl Street Trust 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. Shares held of record by The Theresa Beck 2020 Irrevocable Trust dated May 30, 2020. Mr. Beck is the trustee of The Theresa Beck 2020 Irrevocable Trust dated May 30, 2020 and may be deemed to have beneficial ownership of such shares. Shares held of record by The Scott A. Beck 2025 Irrevocable Trust. Mr. Beck is the trustee of The Scott A. Beck 2025 Irrevocable Trust and may be deemed to have beneficial ownership of such shares. Shares of held of record by Bowanabee Foundation. Mr. Beck is a director of Bowanabee Foundation and may be deemed to have beneficial ownership of such shares.
Key Figures
Class A shares purchased: 1,076,923 shares
Purchase price per share: $3.25 per share
Indirect Class A holdings after transaction: 1,523,309 shares
+3 more
6 metrics
Class A shares purchased
1,076,923 shares
Class A common stock bought by Pearl Street Trust in the offering that closed on July 10, 2026
Purchase price per share
$3.25 per share
Public offering price paid by Pearl Street Trust for the Class A shares
Indirect Class A holdings after transaction
1,523,309 shares
Total Class A common stock held of record by Pearl Street Trust after the purchase
Direct Class B convertible holdings
1,166,666 underlying shares
Class B common stock directly held, convertible into the same number of Class A shares
Largest indirect Class B block
29,029,209 underlying shares
Class B common stock held indirectly, convertible into an equal number of Class A shares
Class B conversion ratio
1:1
Each share of Class B common stock is convertible into one share of Class A common stock
Key Terms
firm commitment underwritten public offering, beneficial ownership, Class B common stock, convertible at any time, +1 more
5 terms
firm commitment underwritten public offering financial
"entered into an underwriting agreement in connection with a firm commitment underwritten public offering"
A firm commitment underwritten public offering is when an investment bank agrees to buy all new shares from a company at an agreed price and then resell them to investors, taking on the risk that it must sell the stock. Think of it like a retailer buying a full shipment up front so the seller is guaranteed cash. For investors, it guarantees the company will raise a specific amount but can dilute existing shareholders and affect market price depending on how the resale goes.
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.
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.
convertible at any time financial
"The Class B common stock is convertible at any time, at the holder's election"
trustees financial
"Scott Beck and his spouse are trustees of Pearl Street Trust"
Trustees are people or a small group legally appointed to hold and manage assets, documents, or obligations on behalf of others and must act in those beneficiaries’ best interests. Think of them as a neutral guardian or custodian who enforces rules, protects assets, and makes decisions that can affect payments, corporate governance, or recovery in a default — all of which directly influence investor returns and risk.
FAQ
What are Scott Beck’s indirect Class A holdings in GLOO after this transaction?
Following the reported transaction, entities associated with Scott Beck hold 1,523,309 shares of GLOO Class A common stock indirectly through Pearl Street Trust. This figure reflects the total Class A shares held of record by the trust after the offering purchase.
How is GLOO’s Class B common stock treated relative to Class A in this filing?
The filing states that GLOO’s 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, providing ongoing potential to convert into voting equity.