GameStop chief executive Ryan Cohen buys $26.39 million of shares

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Ryan Cohen, GameStop's chairman, president and chief executive, bought 1,150,680 shares of the company's Class A common stock on Sep 21 for $26.39 million, an average of $22.94 a share. The purchase is reported in a Form 4, the SEC filing in which a company's directors and officers report their own trades; Cohen signed it, and it was filed on Sep 21, the day of the purchase. The form shows one open-market purchase line, held directly, and after it the form states 40,498,522 Class A shares held directly. A footnote says the price is a weighted average of purchases made at prices from $22.76 to $23.02. The form's Rule 10b5-1 box, which marks trades made under a pre-arranged trading plan, is not ticked; it is one answer for the whole form.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12^,13^,14^,15

Cohen's earlier Form 4s show a purchase of 1,000,000 shares for $20.38 million on Sep 10 and one of 1,000,000 shares for $21.36 million in trades on Jan 20 and Jan 21. In the 12 months to the end of Sep 21, his open-market purchases reported on Form 4s came to $68.13 million over 3 filings, including this one, with no open-market sales among the Form 4s we hold. Purchases by all insiders of GameStop in that period came to $70.49 million over 10 filings, against $1.61 million of sales over 10 filings.16^,17^,18^,19^,20^,21^,22^,23^,24^,25^,26^,27^,28^,29

Our records hold no Form 4/A of this filing that passed our checks, so the lines here are as first filed, and we do not read holdings a form reports without a transaction.30^,31