Gloo Holdings insiders buy $6M in shares via underwritten public offering
Three insiders of Gloo Holdings—Scott Arthur Beck (President and CEO), Patrick P. Gelsinger (director), and Derek Todd Green (director)—acquired a combined $6.00M in Class A common stock on July 10, 2026, at $3.25 per share through a firm commitment underwritten public offering that closed the same day. The purchases were made through affiliated trusts and entities rather than open-market transactions.
Key facts
- Scott Arthur Beck purchased 1,076,923 shares at $3.25 per share = $3.50M via Pearl Street Trust on July 10, 2026
- Derek Todd Green purchased 615,384 shares at $3.25 per share = $2.00M via HL American Investments LLC on July 10, 2026
- Patrick P. Gelsinger purchased 153,846 shares at $3.25 per share = $500,000 via Patrick & Linda Gelsinger Trust on July 10, 2026
- Underwriting agreement entered into July 8, 2026; public offering closed July 10, 2026
- Shares purchased at the public offering price of $3.25 per share
- Beck is President and CEO and 10% owner; Gelsinger and Green are directors
Why it matters
The insiders' participation in the July 2026 underwritten offering—rather than open-market purchases—demonstrates board and management alignment with the capital raise, though the transaction structure reflects their role as anchor investors in the offering rather than an independent conviction signal.
Share
Derived from 4 filed 2026-07-10. Not investment advice. View the source filing on SEC.gov →