Patrick Gelsinger gifts 223,907 Gloo (GLOO) shares to family trusts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gloo Holdings, Inc. director and officer Patrick P. Gelsinger reported a bona fide gift of 223,907 shares of Class B Common Stock, which are convertible into Class A Common Stock on a 1:1 basis. The gifted shares went to a family trust for his immediate family, where he is sole trustee.
Separate entries show Gelsinger-associated trusts and his revocable trust holding additional Class A and Class B shares, including 161,653 Class A shares held indirectly and 128,205 Class B shares held directly, along with several other indirect Class B positions, indicating he retains a substantial equity stake after the gift.
Positive
- None.
Negative
- None.
Insider Trade Summary
223,907 shares gifted
Mixed
9 txns
Insider
GELSINGER PATRICK P
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 223,907 | $0.00 | -- |
| 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 | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 0 shares (Indirect, See footnote);
Class B Common Stock — 128,205 shares (Direct, null);
Class A Common Stock — 161,653 shares (Indirect, See footnote)
Footnotes (1)
- 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. 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. Shares indicated were gifted on April 23, 2026 to the Nathan Paul Gelsinger 2018 Trust for the benefit of members of the reporting person's immediate family. The reporting person is sole trustee of such trust. Shares indicated were gifted on April 23, 2026 to the Elizabeth Marie Lee 2018 Trust for the benefit of members of the reporting person's immediate family. The reporting person is sole trustee of such trust. Shares indicated were gifted on April 23, 2026 to the Micah Daniel Gelsinger 2018 Trust for the benefit of members of the reporting person's immediate family. The reporting person is sole trustee of such trust. Shares indicated were gifted on April 23, 2026 to the Josiah Patrick Gelsinger 2018 Trust for the benefit of members of the reporting person's immediate family. The reporting person is sole trustee of such trust. 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.
Key Figures
Gifted shares: 223,907 shares
Indirect Class A holdings: 161,653 shares
Direct Class B holdings: 128,205 shares
+5 more
8 metrics
Gifted shares
223,907 shares
Class B Common Stock gifted as bona fide gift
Indirect Class A holdings
161,653 shares
Class A Common Stock held indirectly after transactions
Direct Class B holdings
128,205 shares
Class B Common Stock held directly, convertible 1:1 into Class A
Indirect Class B block
159,745 shares
Class B Common Stock held indirectly with underlying Class A
Largest indirect Class B block
355,934 shares
Class B Common Stock held indirectly with underlying Class A
Additional indirect Class B block
55,977 shares
Class B Common Stock held indirectly with underlying Class A
Gift transactions
1
Bona fide gift transaction in transaction summary
Holding entries
8
Number of holding-type entries reported
Key Terms
bona fide gift, Class B Common Stock, Class A Common Stock, beneficial ownership, +2 more
6 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
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.
Class A Common Stock financial
"underlying_security_title": "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.
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.
convertible financial
"Class B Common Stock is convertible at any time, at the holder's election"
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.
trustee financial
"Mr. Gelsinger is the trustee of the Patrick & Linda Gelsinger Trust"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
What did Patrick Gelsinger report in his Form 4 for GLOO?
Patrick P. Gelsinger reported a bona fide gift of 223,907 shares of Gloo Holdings Class B Common Stock. These shares are convertible into Class A Common Stock on a 1:1 basis and were transferred to a family trust for members of his immediate family.
How are trusts involved in Patrick Gelsinger’s GLOO holdings?
Multiple footnotes explain that various trusts, including the Patrick & Linda Gelsinger Trust and several 2018 family trusts, hold Gloo shares. Gelsinger is identified as trustee of these trusts and may be deemed to have beneficial ownership of the shares they hold.