GameStop agreed to give Daniel Moore restricted stock units based on $1,650,000 in an Aug 8, 2025 offer letter

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GameStop entered into a letter agreement with Daniel Moore on Aug 8, 2025 that includes an increase in his compensation. Under it he was to receive a grant of restricted stock units on Aug 11, 2025, in a number set by dividing $1,650,000 by the stock's average closing price over the 30 trading days before the grant. The units were to vest in eight installments from Sep 1, 2025 to Jul 1, 2027, subject to his continued employment, and his annual salary was to stay at $200,000 with a one-time cash bonus of $80,000. GameStop reported the agreement in a Form 8-K, a US company's report of a material event, filed with the SEC on Aug 11, 2025.1^,2^,3^,4^,5