GameStop said on Jan 7, 2026 it granted CEO Ryan Cohen options on 171,537,327 shares, subject to a stockholder vote

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GameStop announced on Jan 7, 2026 the grant to chief executive Ryan Cohen, on Jan 6, 2026, of a 100% performance-based stock option award, subject to approval by its stockholders. GameStop said the award needed approval at a special meeting it expected to hold in March or April 2026, and that the options were to buy 171,537,327 shares at $20.66 a share. No options would vest until the company's market capitalization reached $20 billion and what it calls cumulative performance EBITDA (earnings before interest, taxes, depreciation and amortization) reached $2.0 billion; full vesting needed a market capitalization of $100 billion and $10 billion in cumulative performance EBITDA. GameStop reported the grant in a Form 8-K, a US company's report of a material event, filed with the SEC on Jan 7, 2026.1^,2^,3^,4^,5^,6