MNKTQ Mallinckrodt plc Insider Trading

10% owner Silver Point Capital LP buys 397,500 shares (397.5K) for $36.0M at $90.50 in 2 transactions as firm operates with -27.7% annual revenue decline and -$113.5M net loss.

Silver Point Capital LP, a 10% stakeholder, executed 2 separate purchases totaling 397,500 shares for $35,973,750.00 on 2026-05-19 and 2026-05-20, increasing holdings to 6,035,214 shares. The transaction occurred as Keenova reported negative net income of -$113,500,000.00 and annual revenue contraction of -27.7%, positioning the company in a deteriorating financial state. Across the insider's cross-ticker trade history, prior activity shows 1 buy and 6 prior sells with a 90-day well-timed rate of 100.00% on those sales, indicating the insider's past sells were well-executed; however, this metric reflects historical open-market timing patterns and does not necessarily predict outcomes of new accumulation activity in a company facing material revenue decline and substantial operating losses. The accumulation into fundamental headwinds merits investor scrutiny of the underlying rationale.

GoldenTree Asset Management LP (10% owner) buys 13,300 MNKTQ shares at $54.50 on 2024-07-08; stock now at $0.12

GoldenTree Asset Management LP, a 10% holder of Mallinckrodt plc, purchased 13,300 shares at $54.50 on 2024-07-08, bringing holdings to 3,327,335 shares. Since the transaction, the stock has collapsed to $0.12 (current price), down 42.9% from its 52-week high of $0.21, despite a 220.0% gain over the past 30 days. The company reported negative net income of $-65,400,000.00 in its latest quarter and has declined year-over-year with effectively flat annual revenue growth of -0.2%, and a market cap of only $2,363,560.20 does not align with the earlier transaction price. This represents GoldenTree's fifth buy at this ticker since early March 2024, yet all five purchases fall outside measurable outcome windows and cannot yet be assessed for timing quality.

Goldentree AM bought 275,000 MNKTQ shares at $52.75 on 2024-06-14 (now $0.12), +220% in 30d; holder doubled stake since June despite -99.8% drawdown

Goldentree Asset Management, a 10% owner of Mallinckrodt, acquired 275,000 shares at $52.75 on 2024-06-14, lifting holdings from 3,039,035 to 3,314,035 shares (+9.0%). The stock has since declined to $0.12 from the transaction price, a collapse of -99.8%. Notably, Goldentree has undertaken 5 prior purchases at this ticker since February 2024 (most recently May 24), all at substantially higher prices, demonstrating sustained accumulation despite a near-total wipeout. Mallinckrodt is unprofitable ($-65.4M net income in latest quarter) with a market cap of only $2.4M, reflecting severe financial distress. The 30-day chart shows +220% volatility, consistent with extreme financial stress trading rather than organic recovery, raising the question of whether these continuous purchases represent a value-averaging strategy in a distressed situation or an entity with illiquid positions accepting any recovery attempt.