Thomas R. Knott buys 85,250 shares of GPGI at $11.67; stock down 50.6% from 52-week high, company posts -$235.0M net loss
Thomas R. Knott purchased 85,250 shares at $11.67 on 2026-06-11, nearly tripling his position from 44,000 to 129,250 shares. The buy occurs after the stock has fallen 50.6% from its 52-week high of $25.93, near the lower end of the year's trading range. However, the purchase follows a pattern of poor timing: Knott's cross-ticker track record shows an average 90-day return of -21.8% across 5 prior buys (0% win rate), and his one prior GPGI purchase on 2026-03-17 declined 25.1% over 90 days. Fundamentally, GPGI reported zero revenue in its latest quarter, posted a net loss of -$235,000,000, and experienced an 85.8% annual revenue decline, indicating severe operational stress. The transaction warrants scrutiny given the severe financial deterioration, depressed valuation relative to 52-week price action, and the insider's historical inability to time market entry points effectively.