SCHEDULE: Thrivent Financial Boosts Gloo Holdings Stake

Thrivent Financial for Lutherans has increased its beneficial ownership of Gloo Holdings, Inc. Class A Common Stock to 29.6%, holding 4,786,477 shares, primarily through convertible Class B shares.

Summary

• Thrivent Financial for Lutherans has filed an amendment to its Schedule 13G, reporting an increase in its beneficial ownership of Gloo Holdings, Inc. Class A Common Stock.
• The reporting entity now beneficially owns 4,786,477 shares, representing 29.6% of the class.
• These shares are held as Class B Common Stock, which is convertible into Class A Common Stock on a one-to-one basis.
• Thrivent Financial holds sole voting power and sole dispositive power over these shares.
• The percentage calculation is based on Gloo Holdings' Form 10-K filed on April 15, 2026, which stated 11,405,352 shares of Class A Common Stock outstanding as of April 10, 2026, and assumes the conversion of the Class B shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it indicates increased institutional investment and confidence, but lacks specific company performance data.

Positives

• Thrivent Financial for Lutherans has a significant stake in Gloo Holdings, Inc., indicating strong investor confidence.
• The convertible nature of the Class B shares provides flexibility for Thrivent Financial.
• The filing is an amendment, suggesting an ongoing and active investment strategy.

Negatives

• The filing does not contain financial performance data or operational updates for Gloo Holdings, Inc., making it difficult to assess the company's underlying health.
• The significant ownership by a single entity could potentially limit the free float of shares.

Risks

• The concentration of ownership could lead to potential conflicts of interest or influence over corporate decisions.
• The conversion of Class B shares to Class A shares could dilute existing Class A shareholders if not managed carefully.
• The filing does not provide details on the specific reasons for the increased stake, leaving the strategic intent open to interpretation.

Future Outlook

The filing does not contain forward-looking statements or guidance from Gloo Holdings, Inc. It solely reports on Thrivent Financial's ownership stake.

Industry Context

StockSavvy.ai notes that significant stake increases by institutional investors, as reported in Schedule 13G filings, often signal strong conviction in a company's future prospects or a strategic shift. This filing indicates Thrivent Financial's increased influence within Gloo Holdings, Inc.

Stakeholder Impact

• Shareholders: The increased stake by Thrivent Financial may influence corporate governance and strategic decisions. The conversion of Class B shares could impact the voting power and equity structure for Class A shareholders.
• Management: The significant ownership by Thrivent Financial could lead to increased scrutiny or influence on management's strategic direction.
• Creditors: No direct impact is indicated by this filing.

Next Steps

• Thrivent Financial for Lutherans will continue to hold and potentially adjust its beneficial ownership of Gloo Holdings, Inc. shares.
• Gloo Holdings, Inc. is expected to continue its business operations as outlined in its previous filings.

Key Dates

Keywords

Gloo Holdings, Thrivent Financial, Schedule 13G, Beneficial Ownership, Class A Common Stock, Class B Common Stock, Convertible Stock, SEC Filing, Investment, Shareholder