Cheng Capital LLC tied to GameStop (GME) buys 5,000 shares

Rhea-AI Filing Summary

GameStop Corp. director Lawrence Cheng, through Cheng Capital LLC, reported buying Class A common stock. On January 23, 2026, Cheng Capital LLC purchased 5,000 shares of GameStop at a weighted average price of $22.8737 per share, in multiple trades within a price range of $22.8547 to $22.9946. Following this transaction, Cheng Capital LLC indirectly held 88,000 shares of GameStop common stock. The filing notes that detailed trade-by-trade pricing information is available upon request.

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

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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^*

Cheng Lawrence

(Last) (First) (Middle)

C/O GAMESTOP CORP.

625 WESTPORT PARKWAY

(Street)

GRAPEVINE TX 76051

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

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	01/23/2026		P		5,000	A	$22.8737(1)	88,000	I	by Cheng Capital LLC

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 the weighted average price. These shares were purchased in multiple transactions at prices ranging from $22.8547 to $22.9946, 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.

Remarks:

	/s/ Daniel Moore, as Attorney-in-Fact	01/26/2026
	** 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 transaction did GameStop (GME) report in this Form 4?

The filing reports that Cheng Capital LLC, associated with director Lawrence Cheng, purchased 5,000 shares of GameStop Class A common stock on January 23, 2026.

At what price were the GameStop (GME) shares purchased in this insider trade?

The 5,000 GameStop shares were bought at a weighted average price of $22.8737 per share, with individual trades executed between $22.8547 and $22.9946.

How many GameStop (GME) shares does Cheng Capital LLC own after this transaction?

After the reported purchase, Cheng Capital LLC beneficially owned 88,000 shares of GameStop Class A common stock, held as indirect ownership for director Lawrence Cheng.

Is the GameStop (GME) insider transaction a direct or indirect holding for Lawrence Cheng?

The filing classifies the holding as indirect (I) ownership, with the shares held by Cheng Capital LLC rather than directly in Lawrence Cheng27s name.

Does the Form 4 indicate multiple trade prices for the GameStop (GME) insider purchase?

Yes. The filing explains that the reported price is a weighted average and that the 5,000 shares were purchased in multiple transactions between $22.8547 and $22.9946 per share.

Can investors obtain detailed trade data for this GameStop (GME) insider purchase?

Yes. The reporting person undertakes to provide full information on the number of shares purchased at each separate price within the range, upon request to GameStop Corp., a security holder, or the SEC.