Cohen Ryan 4

What Happened
Ryan Cohen, President, CEO, Chairman and a director of GameStop (GME), reported two open-market purchases totaling 1,000,000 shares. On 2026-01-20 he acquired 500,000 shares at a weighted average price of $21.12 for $10,558,700 (F1). On 2026-01-21 he acquired 500,000 shares at a weighted average price of $21.60 for $10,800,500 (F2). These transactions were purchases (Form 4 code P).

Key Details

• Transaction dates and prices:
  • 2026-01-20: 500,000 shares at $21.12 (weighted avg; individual trades ranged $20.8071–$21.1997) — $10,558,700 (F1).
  • 2026-01-21: 500,000 shares at $21.60 (weighted avg; individual trades ranged $21.5479–$21.6100) — $10,800,500 (F2).
• Total purchased: 1,000,000 shares for ~$21,359,200.
• Transaction code: P = Purchase (open market or private purchase as reported).
• Shares owned after transaction: not specified in the provided Form 4 excerpt.
• Filing timeliness: Reported on 2026-01-22 for transactions on 2026-01-20 and 2026-01-21 — filed within the Form 4 reporting window (timely).
• Footnotes: F1 and F2 explain the weighted-average prices and provide ranges; the reporter offers to supply per-trade detail on request.

Context
The filing also notes a prior distribution: on Oct 7, 2025 GameStop declared warrants (one Warrant per ten shares held as of Oct 3, 2025). Ryan Cohen received 3,734,784 Warrants; each Warrant allows purchase of one share at $32 and expires Oct 30, 2026. Purchases by insiders are often watched by investors as a signal of confidence, but the Form 4 does not state the insider’s motivation.