Catenaa, Tuesday, September 22, 2026- GameStop CEO Ryan Cohen has purchased GameStop shares worth $26.4 million, taking his stake in the gaming retailer past 40 million shares.
According to a Form 4 filed with the Securities and Exchange Commission, Cohen has purchased 1,150,680 shares of GameStop Class A common stock on Monday.
According to the filing, the weighted average price across Cohen’s transactions was $22.9375 per share, with execution prices ranging from $22.76 to $23.02. His direct holdings now stand at 40,498,522 shares.
According to Benzinga, no Rule 10b5-1 designation appears on the filing, which indicates Cohen did not execute the purchase through a pre-scheduled trading plan.
Benzinga states that at a $10.2 billion market cap, Cohen’s direct stake is roughly 9% of the company, and every open-market add tightens an already reflexive float.
For traders, unplanned CEO buying at rising prices is the cleaner signal here, the report said.
GameStop stock rose by over 5% on Monday and is up by over 19% so far this year.
The report also said that Monday’s buy continues a stretch of insider accumulation, as Cohen purchased one million shares on September 10 at an average price near $20.38, and three GameStop directors, Lawrence Cheng, James Grube, and Alain Attal, also bought shares that same week.
Cohen’s per-share cost on Monday had a premium of more than 12% compared to the purchase made on September 10.
GameStop reported adjusted earnings of 27 cents per share in the last quarter, while revenue came in at $790.2 million, an 18.7% decrease from the same period in 2025.
The company recorded an operating income of $160.2 million, and GameStop’s management increased its full-year adjusted EBITDA outlook to exceed $650 million.
GameStop’s CEO has been trying for major acquisition while building his stake in the company.
GameStop put forward a non-binding proposal to acquire all of eBay’s outstanding shares at $125 apiece, split evenly between cash and equity, valuing eBay’s equity at roughly $55.5 billion.
However, eBay’s board rejected the offer, calling it neither credible nor attractive.
Quartz reported that Cohen has been considering withdrawing the takeover bid in favor of a partnership or joint venture with eBay, under which GameStop’s roughly 1,600 US stores would give eBay a physical retail footprint in categories such as trading cards and collectibles.
GameStop had not made a final decision as of that report, the report said.
GameStop has already increased its stake in eBay to 9.75% by the latest share purchase in July, making GameStop the second-largest holder of eBay shares.
