GameStop: Ryan Cohen reports 8.5% stake

Ryan Cohen reports owning about 8.5% of GameStop (GME) after open-market purchases totaling 1,000,000 shares on September 10, 2026.

Rhea-AI Filing Summary

GameStop Corp. (GME) received an updated Schedule 13D/A from Ryan Cohen reporting his current ownership position. Cohen beneficially owns 43,082,626 shares of Class A Common Stock, including 3,734,784 shares underlying Warrants, representing approximately 8.5% of the outstanding shares based on 504,500,990 shares outstanding as of September 3, 2026 plus the warrant shares. The filing states that 39,347,842 shares directly owned by Cohen were purchased with personal funds for an aggregate of about $148,586,219, excluding commissions. On September 10, 2026, he purchased an additional 1,000,000 shares in open-market transactions at a weighted average price of $20.3759 per share, with trade prices ranging from $20.0199 to $20.4699.

Key Figures

Beneficially owned shares: 43,082,626 shares Ownership percentage: 8.5% Shares outstanding reference: 504,500,990 shares +5 more

8 metrics

Beneficially owned shares 43,082,626 shares Ryan Cohen’s total beneficial ownership of GameStop Class A Common Stock

Ownership percentage 8.5% Portion of GameStop Class A Common Stock beneficially owned by Ryan Cohen

Shares outstanding reference 504,500,990 shares GameStop shares outstanding as of September 3, 2026, used to calculate ownership percentage, plus warrant shares

Directly owned shares 39,347,842 shares GameStop shares directly owned by Ryan Cohen (excluding those underlying Warrants)

Aggregate purchase price of directly owned shares $148,586,219 Total cost for 39,347,842 directly owned shares, excluding brokerage commissions

Warrants held 3,734,784 Warrants Warrants received from GameStop via warrant dividend distribution

Recent shares purchased 1,000,000 shares Shares purchased by Ryan Cohen on September 10, 2026 in open-market transactions

Weighted average purchase price $20.3759 per share Average price paid for the 1,000,000 shares bought on September 10, 2026

Key Terms

beneficially owned, Warrants, warrant dividend distribution, Sole Voting Power, +2 more

6 terms

beneficially owned financial

"As of the date hereof, Mr. Cohen directly beneficially owned 43,082,626 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.

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.

warrant dividend distribution financial

"received from the Issuer for no consideration pursuant to a warrant dividend distribution"

Sole Voting Power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: Sole Voting Power"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: Sole Dispositive Power"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

weighted average price financial

"purchased an aggregate of 1,000,000 Shares at a weighted average price of $20.3759"

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.

FAQ

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

Ryan Cohen beneficially owns 43,082,626 GameStop shares, including 3,734,784 shares underlying Warrants, as reported in the amended Schedule 13D. This position represents approximately 8.5% of the outstanding Class A Common Stock using the share count reference in the filing.

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

Ryan Cohen’s reported beneficial ownership represents approximately 8.5% of GameStop’s Class A Common Stock. This percentage is based on 504,500,990 shares outstanding as of September 3, 2026, plus the shares underlying the Warrants he may exercise.

How many GameStop (GME) shares did Ryan Cohen buy on September 10, 2026?

On September 10, 2026, Ryan Cohen purchased an aggregate of 1,000,000 GameStop shares in multiple open-market transactions. The filing notes that all of these trades were effected in the open market.

What price did Ryan Cohen pay for his latest GameStop (GME) share purchases?

For the September 10, 2026 purchases, Ryan Cohen paid a weighted average price of $20.3759 per share, with individual trades executed at prices ranging from $20.0199 to $20.4699, inclusive, according to the Schedule 13D/A.

How much has Ryan Cohen spent in total on directly owned GameStop (GME) shares?

The filing reports that the 39,347,842 directly owned shares of GameStop held by Ryan Cohen were acquired for an aggregate purchase price of approximately $148,586,219, excluding brokerage commissions, using personal funds that may include margin loans.

How did Ryan Cohen receive his GameStop (GME) Warrants and how many are there?

Ryan Cohen owns 3,734,784 Warrants to acquire GameStop shares. He received these Warrants from GameStop for no consideration pursuant to a warrant dividend distribution to stockholders, as referenced and further explained in an earlier amendment.

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

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Available on EDGAR 09/10/2026 - 05:55 PM Accepted by SEC EDGAR 09/10/2026 - 05:54 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. 16)

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)

09/10/2026

(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 43,082,626.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 43,082,626.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

43,082,626.00

12

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

13

Percent of class represented by amount in Row (11)

8.5 %

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 39,347,842 Shares directly owned by Mr. Cohen is approximately $148,586,219, 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 43,082,626 Shares, including 3,734,784 Shares underlying the Warrants, constituting approximately 8.5% of the Shares outstanding.
(c)	Item 5(c) is hereby amended and restated to read as follows: On September 10, 2026, Mr. Cohen purchased an aggregate of 1,000,000 Shares at a weighted average price of $20.3759 per Share in multiple transactions at prices ranging from $20.0199 to $20.4699, 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. 15 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:	09/10/2026