$GME · GameStop Corp.
GameStop CEO, President, and Chairman Ryan Cohen filed a Form 4 disclosing the open-market purchase of 450,000 GME shares at an average price near $23.47, totaling approximately $10.56 million. The purchases were not made under a 10b5-1 trading plan. Cohen now directly owns 40,948,522 shares.
- CEO Ryan Cohen purchased 450,000 GME shares across two transactions totaling $10,563,796.
- The purchases were executed at weighted average prices of $23.4753 and $23.4499 per share.
- Cohen now directly owns 40,948,522 shares of GameStop common stock.
- The transactions were not executed under a pre-arranged 10b5-1 trading plan.
- This is Cohen's first open-market purchase filing since his December 2023 buying activity.
GME is up +1.82% since the filing hit during the regular session, reflecting a positive reception to the CEO's $10.56M vote of confidence. After-hours trading is underway but extended-hours data is not captured here.
A $10.56M open-market purchase by the CEO/Chairman without a 10b5-1 plan is a high-conviction insider signal in one of the market's most followed retail names.
GameStop remains a closely watched meme-stock name where insider buying by its activist-turned-CEO carries outsized signaling weight relative to traditional retail peers.
Insider purchases signal confidence but are not guarantees of future performance; Cohen's large existing stake means this is an incremental add, not a new position.
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