GameStop CEO Ryan Cohen purchases 1,000,000 shares

GameStop CEO Ryan Cohen purchased 1,000,000 shares of the company's Class A common stock on September 10. The transaction, valued at approximately $20.38 million, was executed at a weighted average price of roughly $20.38 per share.

Following this acquisition, Cohen's direct beneficial ownership increased to 39,347,842 shares. When including approximately 3.7 million shares derived from warrants, his total stake reaches roughly 43.08 million shares, representing about 8.5% of GameStop’s total share count.

This purchase follows a pattern of Cohen using personal capital to acquire shares on the open market. The move comes as GameStop recently reported quarterly earnings that met adjusted EPS expectations of $0.27, though revenue saw an 18.7% year-over-year decline despite growth in the collectibles segment.