GameStop (GME) general counsel reports 11,040-share sale and keeps 104,190
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GameStop Corp.'s General Counsel and Secretary, Mark Haymond Robinson, reported selling a total of 11,040 shares of Class A common stock in early July 2026. The sales occurred at weighted average prices around $22.38–$22.62 per share.
According to the footnotes, a portion of the shares was sold to cover withholding taxes related to vesting of restricted stock units, which was not a discretionary trade. Another sale was carried out under a pre-arranged Rule 10b5-1 trading plan. After these transactions, Robinson directly holds 104,190 shares, so the disposals represent a relatively small part of his overall position.
Positive
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Negative
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Insider Trade Summary 10b5-1
Net Seller: 11,040 shares ($248,029)
Net Sell
2 txns
Insider
Robinson Mark Haymond
Role
General Counsel and Secretary
Sold
11,040 shs ($248K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 3,957 | $22.621 | $90K |
| Sale | Class A Common Stock | 7,083 | $22.38 | $159K |
Holdings After Transaction:
Class A Common Stock — 104,190 shares (Direct, null)
Footnotes (1)
- Represents shares sold to cover applicable withholding taxes in connection with the vesting of restricted stock units. This sale does not represent a discretionary trade by the Reporting Person. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 12, 2026. Represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $22.39 to $22.85, inclusive. The reporting person undertakes to provide to GameStop Corp., a security holder of GameStop Corp. or the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
Key Figures
Shares sold (July 1, 2026): 7,083 shares
Price per share (July 1, 2026): $22.38/share
Shares sold (July 6, 2026): 3,957 shares
+3 more
6 metrics
Shares sold (July 1, 2026)
7,083 shares
Open-market sale of Class A Common Stock at $22.38 per share
Price per share (July 1, 2026)
$22.38/share
Weighted average sale price for 7,083 shares
Shares sold (July 6, 2026)
3,957 shares
Open-market sale of Class A Common Stock at $22.621 per share
Price per share (July 6, 2026)
$22.621/share
Weighted average sale price within $22.39–$22.85 range
Total shares sold
11,040 shares
Combined July 1 and July 6, 2026 open-market sales
Shares held after transactions
104,190 shares
Direct holdings of Mark Haymond Robinson after July 6, 2026 sale
Key Terms
restricted stock units, withholding taxes, Rule 10b5-1 trading plan, weighted average price
4 terms
restricted stock units financial
"in connection with the vesting of restricted stock units. This sale does not represent"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withholding taxes financial
"Represents shares sold to cover applicable withholding taxes in connection with the vesting"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
Rule 10b5-1 trading plan regulatory
"This sale was effected pursuant to a Rule 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"Represents the weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
Were the GameStop (GME) insider sales discretionary trades by Mark Haymond Robinson?
The filing states some shares were sold to cover withholding taxes on restricted stock unit vesting, which was not a discretionary trade. Another sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on January 12, 2026.
What is the significance of the Rule 10b5-1 trading plan mentioned in the GameStop (GME) Form 4?
The Form 4 notes one sale was made under a Rule 10b5-1 trading plan adopted on January 12, 2026. Such plans pre-schedule trades, indicating the timing of that sale was determined in advance rather than being a reactive market decision.