GameStop (GME) officer stock sale covers RSU tax withholding
Rhea-AI Filing Summary
GameStop Corp.'s General Counsel and Secretary reported an automatic sale of company stock tied to tax withholding. On 01/02/2026, the officer sold 5,475 shares of Class A common stock at a price of $20.4386 per share. According to the disclosure, these shares were sold to cover applicable withholding taxes from the vesting of restricted stock units and did not represent a discretionary trade. After this transaction, the officer beneficially owned 117,355 shares of GameStop common stock.
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FAQ
What insider transaction did GameStop (GME) report for January 2, 2026?
GameStop reported that its General Counsel and Secretary sold 5,475 shares of Class A common stock on 01/02/2026 at $20.4386 per share, as shown in the Form 4.
Why did the GameStop (GME) officer sell 5,475 shares?
The transaction description states the 5,475 shares were sold to cover applicable withholding taxes in connection with the vesting of restricted stock units, and that the sale did not represent a discretionary trade by the reporting person.
How many GameStop (GME) shares does the officer own after this transaction?
Following the reported transaction, the General Counsel and Secretary beneficially owned 117,355 shares of GameStop Class A common stock.
What was the sale price for the GameStop (GME) insider transaction?
The 5,475 shares of GameStop Class A common stock were sold at a price of $20.4386 per share.
What is the position of the reporting person in GameStop (GME)?
The reporting person is identified as an officer of GameStop, serving as General Counsel and Secretary.
Was the GameStop (GME) insider transaction a discretionary trade?
No. The explanation states that the sale was made to cover tax withholding upon vesting of restricted stock units and "does not represent a discretionary trade" by the reporting person.