Thomas R. Knott, serving as both Principal Executive Officer and Chief Investment Officer at GPGI, Inc. (NASDAQ:GPGI), executed a substantial acquisition of company equity on June 11, 2026, as documented in a recent filing with the Securities and Exchange Commission. The transaction involved the purchase of 85,250 shares of GPGI Class A Common Stock, with a total monetary value of $994,867. These shares were acquired at prices ranging from $11.36 to $11.87 per share. Following this transaction, Mr. Knott's direct holdings in GPGI stand at 129,250 shares.
The timing of this insider purchase warrants attention, particularly given the recent performance of GPGI stock. Over the past six months, the stock has experienced a 35% decline. However, in the past week, shares have gained 7.7%, with the stock currently trading near its 52-week low of $11.22. According to InvestingPro analysis, the stock appears undervalued at current levels, placing it among opportunities on the Most Undervalued stocks list. Investors seeking deeper insights can access GPGI’s comprehensive Pro Research Report, one of 1,400+ available on InvestingPro, along with 7+ additional ProTips for this stock.
Beyond his direct holdings, Mr. Knott reports indirect beneficial ownership of 879,963 shares. These shares are held through Tungsten 2024 LLC, John Cote, and C 323 Holdings, LLC, with Mr. Knott being the sole and managing member of C 323 Holdings. Additionally, he indirectly holds 49,290,409 shares through Resolute Compo Holdings LLC, Tungsten, John Cote, and C 323 Holdings. Tungsten, C 323 Holdings, Resolute Compo Holdings, and Messrs. Cote and Knott disclaim beneficial ownership of any securities reported by any person except to the extent of their pecuniary interest.
Mr. Knott also serves as a Director and is identified as a Ten Percent Owner of GPGI, Inc. GPGI, Inc. was formerly known as CompoSecure, Inc. and Roman DBDR Tech Acquisition Corp.
In other recent news, CompoSecure has appointed Ian Snadden as the Chief Commercial Officer, International. This appointment is effective immediately, as announced in a press release by GPGI, Inc. Snadden will be responsible for leading the international commercial strategy and managing global sales teams. His role includes overseeing operations across Europe, the Middle East & Africa, Latin America, Asia Pacific, and Canada. Additionally, he will work on establishing regional capabilities, including design centers. These developments mark a significant step in CompoSecure’s efforts to enhance its international presence. The company aims to strengthen its global sales operations through this strategic leadership change.