GameStop (GME) finance officer disposes 7,085 shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GameStop Corp. officer Daniel William Moore reported an automatic share sale tied to tax withholding. On this Form 4, Moore had 7,085 shares of Class A Common Stock sold at $22.38 per share to cover applicable withholding taxes from vested restricted stock units. The footnote states this was not a discretionary trade. After the transaction, Moore directly owned 115,125 GameStop shares, indicating he retained a substantial equity position while settling the tax obligation.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,085 shares ($158,562)
Net Sell
1 txn
Insider
Moore Daniel William
Role
PFO and PAO
Sold
7,085 shs ($159K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 7,085 | $22.38 | $159K |
Holdings After Transaction:
Class A Common Stock — 115,125 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 7,085 shares
Sale price: $22.38 per share
Post-transaction holdings: 115,125 shares
3 metrics
Shares sold
7,085 shares
Class A Common Stock sold on 2026-07-01
Sale price
$22.38 per share
Price for 7,085 GameStop shares
Post-transaction holdings
115,125 shares
Direct GameStop holdings after Form 4 transaction
Key Terms
restricted stock units, withholding taxes, open-market sale
3 terms
restricted stock units financial
"in connection with the vesting of restricted stock units"
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
"shares sold to cover applicable withholding taxes in connection"
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What did GameStop (GME) officer Daniel Moore report in this Form 4?
Daniel Moore reported a tax-related share sale. A total of 7,085 GameStop Class A Common shares were sold at $22.38 each to cover withholding taxes from vested restricted stock units, and the filing notes this was not a discretionary trade.
Why does the GameStop (GME) Form 4 say the sale was not discretionary?
The filing states the sale was to cover withholding taxes. Shares were sold automatically in connection with restricted stock units vesting, and the footnote clarifies this transaction does not represent a discretionary trade by Daniel Moore in the open market.
Is the GameStop (GME) insider transaction an open-market sale signal?
The transaction is coded as a sale but described as tax withholding. Although recorded with a sale code, the footnote specifies shares were sold solely to cover withholding taxes on restricted stock unit vesting, not as a discretionary open-market trade by Daniel Moore.