GLOO: three insiders including the former intel ceo bought ~$12m on the same day while the stock sits down 63%

GLOO (Gloo Holdings) is a small faith based tech / church software company, currently under $3 after falling roughly 63% from its highs near $8 over the past six months.

on july 10, three insiders filed form 4 buys on the same day:

scott beck, the ceo, about $7m

another insider, about $4m

pat gelsinger, the former intel ceo who is now their executive chair, about $1m

so thats roughly $12m of insider buying in a single day, clustered, into a name that has been in a steady downtrend. cluster buying like this, where several execs buy at once instead of one person, has historically been a stronger tell than a lone buy, and having a guy who used to run intel in the group adds some weight.

no position yet, still working through the fundamentals and cash runway, but the filing cluster was worth putting on the radar. posting in case anyone has already dug into their balance sheet or knows what changed around early july.