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Thrivent reports 29.6% holding in Gloo (NASDAQ: GLOO)

(Moderate)
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Gloo Holdings, Inc. ownership disclosure: Thrivent Financial for Lutherans reports beneficial ownership of 4,786,477 shares, representing 29.6% on an as-converted basis. The filing states 11,405,352 shares of Class A Common Stock were outstanding as of April 10, 2026, and Thrivent holds Class B shares convertible into Class A.

Positive

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Negative

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Insights

Thrivent reports a near-30% stake in Gloo on a converted basis.

The amendment states Thrivent beneficially owns 29.6% based on conversion of 4,786,477 shares of Class B into Class A and an outstanding share count of 11,405,352 as of April 10, 2026. The filing lists sole voting and dispositive power over those shares.

Filing type Schedule 13G/A signals an institutional reporting position rather than an acquisition intent disclosure. Subsequent SEC filings or company statements will show whether any governance actions or further transfers occur.

Beneficially owned shares 4,786,477 shares reported beneficial ownership by Thrivent
Ownership percentage 29.6% on an as-converted basis per filing
Shares outstanding (context) 11,405,352 shares Class A Common Stock outstanding as of April 10, 2026
Schedule 13G/A regulatory
"Amendment No. 1; Schedule 13G/A reporting ownership"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Class B Common Stock convertible financial
"Each share of Class B Common Stock is convertible at any time at the option of the holder"
Beneficially owned regulatory
"Amount beneficially owned: 4,786,477"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole dispositive power regulatory
"Sole power to dispose or to direct the disposition of: 4,786,477"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What stake does Thrivent Financial report in GLOO?

Thrivent reports beneficial ownership of 4,786,477 shares, representing 29.6% on an as-converted basis. This percentage assumes conversion of Thrivent's Class B shares into Class A shares using the issuer's April 10, 2026 outstanding share count.

How is the 29.6% ownership percentage calculated for GLOO?

The filing bases the 29.6% figure on 11,405,352 Class A shares outstanding as of April 10, 2026 and assumes conversion of Thrivent's 4,786,477 Class B shares into Class A shares, per the company's Form 10-K citation.

What voting and disposition powers does Thrivent claim?

Thrivent reports sole voting power and sole dispositive power over 4,786,477 shares. The filing shows 0 shared voting or dispositive power—indicating Thrivent controls voting and sale decisions for these shares.

What type of filing is this and what does it signify for GLOO?

This is a Schedule 13G/A amendment reporting institutional ownership. It discloses beneficial ownership levels but does not itself announce transactions, governance actions, or intent to change control in the issuer's operations or management.





379598105

(CUSIP Number)
12/31/2025

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person: (1) The number of shares reported in in rows (5), (7), and (9) consists of 4,786,477 shares of Class B common stock of the Issuer (the "Class B Common Stock") held of record by the reporting person. 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 of the Issuer (the "Class A Common Stock"). Holders of Class B Common Stock are entitled to ten votes per share. (2) The percentage calculations used herein are based on the statement in the Issuer's Annual Report on Form 10-K for the fiscal year ended January 31, 2026, as filed with the Securities and Exchange Commission on April 15, 2026, that there were 11,405,352 shares of Class A Common Stock outstanding as of April 10, 2026 and assumes the conversion of the 4,786,477 shares of Class B Common Stock reference above into shares of Class A Common Stock.


SCHEDULE 13G



THRIVENT FINANCIAL FOR LUTHERANS
Signature:David S. Royal
Name/Title:Executive Vice President, Chief Financial and Investment Officer
Date:05/14/2026