Knott Thomas R. 4

What Happened
Thomas R. Knott, GPGI's principal executive officer and Chief Investment Officer (and reported 10% owner), received a derivative award on 2026-02-26 covering 1,150,029 shares. The filing reports an acquisition price of $0.00 per share (i.e., a grant of stock options/awards rather than an open-market purchase or sale). The award was reported on Form 4 filed 2026-03-02.

Key Details

• Transaction date: 2026-02-26; filing date: 2026-03-02 (timely under the two-business-day Form 4 rule).
• Instrument: Derivative award (stock options/award) for 1,150,029 shares; acquisition price shown as $0.00.
• Vesting: Footnote indicates the stock options vest 25% on each of the first, second, third and fourth anniversaries of the grant date.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Insider status: Listed as a principal executive officer, Chief Investment Officer, and 10% owner.
• Transaction code: A = Award/Grant.

Context
This was a grant of derivative awards (stock options) that give the holder the right to acquire shares in the future as they vest; it was not an immediate purchase, sale, or exercise. Such grants are common as compensation and do not by themselves indicate a near-term buy or sell intention. As a 10% owner and executive, Knott’s filings are subject to insider reporting rules and the reported vesting schedule means any acquisition of underlying shares will occur over several years unless exercised earlier under different terms.