[Form 4] GameStop Corp. Insider Trading Activity

Rhea-AI Filing Summary

GameStop Corp. insider activity: President, CEO and Chairman Ryan Cohen reported open-market purchases of a total of 1,000,000 shares of Class A common stock. He bought 500,000 shares on January 20, 2026 at a weighted average price of $21.1174 per share, in multiple trades within a range of $20.8071 to $21.1997. He bought another 500,000 shares on January 21, 2026 at a weighted average price of $21.6010 per share, in trades ranging from $21.5479 to $21.6100. Following these purchases, Cohen directly beneficially owns 38,347,842 GameStop Class A shares. The remarks also note a prior warrant dividend declared on October 7, 2025, under which he received 3,734,784 warrants, each exercisable to buy one share at a cash exercise price of $32 until October 30, 2026.

Insights

Equity ownership analyst

GameStop CEO Ryan Cohen reports buying 1,000,000 shares in two January 2026 open-market transactions.

Ryan Cohen, President, CEO and Chairman of GameStop, disclosed two open-market purchases of Class A common stock. On January 20, 2026 he purchased 500,000 shares at a weighted average price of $21.1174 per share, followed by another 500,000 shares on January 21, 2026 at a weighted average price of $21.6010. Both are coded "P" for purchases and reported as directly owned.

After these transactions, his directly beneficially owned position in GameStop Class A common stock stands at 38,347,842 shares. The footnotes clarify that each reported price is a weighted average across multiple trades within specified price ranges, and he has offered to provide full breakdowns upon request. The remarks also describe an earlier distribution of 3,734,784 warrants he received as a stockholder, each exercisable at $32 per share until October 30, 2026.

This filing reflects increased reported direct share ownership and confirms the existence and basic terms of the warrant distribution, but the actual impact will depend on future decisions regarding any warrant exercises and subsequent ownership changes.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cohen Ryan

(Last) (First) (Middle)

PO BOX 25250

PMB 30427

(Street)

MIAMI FL 33102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GameStop Corp. [ GME ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, CEO and Chairman

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock, $0.001 par value per share	01/20/2026		P		500,000	A	$21.1174(1)	37,847,842	D
Class A Common Stock, $0.001 par value per share	01/21/2026		P		500,000	A	$21.601(2)	38,347,842	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $20.8071 to $21.1997, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

2. Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.5479 to $21.6100, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Remarks:

On October 7, 2025, the board of directors of the Issuer declared a distribution in the form of warrants to purchase shares (the "Warrants"). Pursuant to the distribution, each stockholder of record of the Issuer, as of October 3, 2025, received a dividend of one Warrant for every ten shares held, rounded down to the nearest whole Warrant. Accordingly, the Reporting Person received 3,734,784 Warrants as part of the distribution. Each Warrant entitles the holder thereof to purchase one share at a cash exercise price of $32. The Warrants will expire and cease to be exercisable at 5:00 p.m. New York City time on October 30, 2026.

	/s/ Ryan Cohen	01/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did GME CEO Ryan Cohen report in this Form 4?

Ryan Cohen reported two open-market purchases of GameStop Class A common stock. He bought 500,000 shares on January 20, 2026 and another 500,000 shares on January 21, 2026, for a total of 1,000,000 shares.

At what prices did Ryan Cohen buy GameStop (GME) shares in January 2026?

On January 20, 2026, he purchased shares at a weighted average price of $21.1174, with individual trades between $20.8071 and $21.1997. On January 21, 2026, he bought shares at a weighted average of $21.6010, with trades between $21.5479 and $21.6100.

How many GameStop shares does Ryan Cohen own after these reported purchases?

Following the reported transactions, Ryan Cohen directly beneficially owns 38,347,842 shares of GameStop Class A common stock.

Were the January 2026 GameStop (GME) stock purchases by Ryan Cohen direct or indirect?

Both transactions are reported as direct ownership (D) of GameStop Class A common stock, with no separate entity or indirect ownership structure indicated in the filing.

What does the Form 4 say about GameStop warrant distributions to Ryan Cohen?

The remarks note that on October 7, 2025, GameStop’s board declared a warrant distribution. As a stockholder, Ryan Cohen received 3,734,784 warrants, each allowing the purchase of one share at a $32 cash exercise price until October 30, 2026.

How are the prices in Ryan Cohen’s GameStop share purchases calculated in the filing?

The reported prices are weighted average prices. The filing explains that each set of 500,000 shares was bought in multiple transactions within a stated price range, and detailed trade-level data is available upon request.