GameStop: Ryan Cohen reports 8.7% stake

Ryan Cohen reports increased beneficial ownership in GameStop to about 8.7% following open-market share purchases.

Rhea-AI Filing Summary

GameStop Corp. (GME) received an amended Schedule 13D filing reporting that Ryan Cohen now beneficially owns 44,233,306 shares of its Class A common stock, including 3,734,784 shares underlying warrants, representing approximately 8.7% of the shares outstanding.

The filing states this percentage is based on 504,500,990 shares outstanding as of September 3, 2026, plus the shares underlying the warrants. On September 21, 2026, Cohen purchased an additional 1,150,680 shares in open-market transactions at a weighted average price of $22.9375 per share, using personal funds that may include margin loans.

Filing Explained

The filing clarifies that 3,734,784 of Ryan Cohen’s 44,233,306 beneficially owned shares are underlying warrants received from GameStop for no consideration; the remaining 40,498,522 are directly owned and were purchased with personal funds, which may include margin loans.

Key Figures

Beneficially owned shares: 44,233,306 shares Shares underlying warrants: 3,734,784 shares Ownership percentage: 8.7% +5 more

8 metrics

Beneficially owned shares 44,233,306 shares GameStop Class A common stock beneficially owned by Ryan Cohen as of the filing

Shares underlying warrants 3,734,784 shares Shares issuable upon exercise of warrants held by Ryan Cohen

Ownership percentage 8.7% Portion of GameStop’s outstanding Class A shares beneficially owned by Ryan Cohen

Shares outstanding 504,500,990 shares GameStop shares outstanding as of September 3, 2026 used as the ownership base

Aggregate purchase price of directly owned shares $174,979,997 Cost of 40,498,522 GameStop shares directly owned by Ryan Cohen, excluding commissions

Recent shares purchased 1,150,680 shares Shares purchased by Ryan Cohen on September 21, 2026 in open-market transactions

Weighted average purchase price $22.9375 per share Weighted average price paid by Ryan Cohen for purchases on September 21, 2026

Purchase price range $22.7600 to $23.0200 per share Price range of Ryan Cohen’s GameStop share purchases on September 21, 2026

Key Terms

beneficially owned, Schedule 13D, warrants, weighted average price, +1 more

5 terms

beneficially owned financial

"As of the date hereof, Mr. Cohen directly beneficially owned 44,233,306 Shares"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Schedule 13D regulatory

"If the filing person has previously filed a statement on Schedule 13G"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

warrants financial

"Mr. Cohen also owns 3,734,784 Warrants, which Mr. Cohen received"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

weighted average price financial

"purchased an aggregate of 1,150,680 Shares at a weighted average price"

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.

margin loans financial

"personal funds (which may, at any given time, include margin loans"

Margin loans are loans from a brokerage that let an investor borrow money using their existing stocks, bonds or cash as collateral to buy more securities. They matter because borrowing magnifies both gains and losses—like using a lever to move a heavier load—so small market moves can have outsized effects on your returns; investors also pay interest and risk a margin call, where the broker may force sales if collateral falls below required levels.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many GameStop (GME) shares does Ryan Cohen currently beneficially own?

Ryan Cohen beneficially owns 44,233,306 GameStop shares, including 3,734,784 shares underlying warrants, according to the amended Schedule 13D.

What percentage of GameStop (GME) does Ryan Cohen’s stake represent?

Ryan Cohen’s reported beneficial ownership constitutes approximately 8.7% of GameStop’s Class A common stock, based on 504,500,990 shares outstanding as of September 3, 2026 plus the shares underlying his warrants.

What recent GameStop (GME) share purchases did Ryan Cohen report?

On September 21, 2026, Ryan Cohen purchased an aggregate of 1,150,680 GameStop shares in multiple open-market transactions at a weighted average price of $22.9375 per share, with prices ranging from $22.7600 to $23.0200.

How were Ryan Cohen’s GameStop (GME) share purchases funded?

The filing states that the shares directly owned by Ryan Cohen were purchased with personal funds, which may at any time include margin loans made by brokerage firms in the ordinary course of business.

What GameStop (GME) warrants does Ryan Cohen hold?

Ryan Cohen owns 3,734,784 warrants for GameStop shares, which he received from the company for no consideration pursuant to a warrant dividend distribution to stockholders.

What is the aggregate purchase price of Ryan Cohen’s directly owned GameStop (GME) shares?

The aggregate purchase price of the 40,498,522 shares directly owned by Ryan Cohen is approximately $174,979,997, excluding brokerage commissions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/21/2026 - 05:03 PM Accepted by SEC EDGAR 09/21/2026 - 05:03 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 17)

GameStop Corp.

(Name of Issuer)

Class A Common Stock, $0.001 par value per share

(Title of Class of Securities)

36467W109

(CUSIP Number)

RYAN NEBEL
OLSHAN FROME WOLOSKY LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/21/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 36467W109

1

Name of reporting person

Cohen Ryan

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 44,233,306.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 44,233,306.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

44,233,306.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

8.7 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock, $0.001 par value per share
(b)	Name of Issuer: GameStop Corp.
(c)	Address of Issuer's Principal Executive Offices: 625 WESTPORT PARKWAY, GRAPEVINE, TEXAS , 76051.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended and restated to read as follows: The Shares directly owned by Mr. Cohen were purchased with personal funds (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 40,498,522 Shares directly owned by Mr. Cohen is approximately $174,979,997, excluding brokerage commissions. Mr. Cohen also owns 3,734,784 Warrants, which Mr. Cohen received from the Issuer for no consideration pursuant to a warrant dividend distribution to the Issuer's stockholders (as further explained in Amendment No. 12 to the Schedule 13D).
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by the Reporting Person is based upon 504,500,990 Shares outstanding as of September 3, 2026 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on September 9, 2026, plus the Shares underlying the Warrants that may be exercised by the Reporting Person. As of the date hereof, Mr. Cohen directly beneficially owned 44,233,306 Shares, including 3,734,784 Shares underlying the Warrants, constituting approximately 8.7% of the Shares outstanding.
(c)	Item 5(c) is hereby amended and restated to read as follows: On September 21, 2026, Mr. Cohen purchased an aggregate of 1,150,680 Shares at a weighted average price of $22.9375 per Share in multiple transactions at prices ranging from $22.7600 to $23.0200, 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 securities purchased at each separate price. All of such transactions were effected in the open market. Except as otherwise disclosed herein, there have been no transactions in securities of the Issuer by the Reporting Person since the filing of Amendment No. 16 to the Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Cohen Ryan

Signature:	/s/ Ryan Cohen
Name/Title:	Ryan Cohen
Date:	09/21/2026