GameStop CEO Ryan Cohen and directors make large open‑market purchases in September 2026
GameStop CEO Ryan Cohen bought a total of 2.6 million shares in September 2026 at rising prices, bringing his direct holding to roughly 41 million shares. Three directors also purchased shares during the same period. The buying followed the company’s Q2 report showing revenue of $790.2 million and a gross margin of 43.7%. No insider sales were reported in the filings.
Why it matters
The company notes that the insider purchases signal confidence in the business and may bolster investor sentiment, while the increased insider ownership could align management interests with shareholders. The filings do not indicate any planned sales, so the net effect is a higher insider stake.
Key facts
- 1Cohen bought 1,000,000 shares on September 10, 2026 at $20.3759 per share. 247wallst.com
- 2Cohen bought 1,150,680 shares on September 21, 2026 at $22.9375 per share. 247wallst.com
- 3Cohen bought 446,500 shares on September 29, 2026 at $23.4753 per share and 3,500 shares at $23.4499. 247wallst.com
- 4Cohen’s direct holdings after the purchases total 40,948,522 shares. 247wallst.com
- 5Director Lawrence Cheng bought 55,000 shares on September 8, 2026 at $18.7992 per share. 247wallst.com
- 6Director James Grube bought 10,255 shares on September 9, 2026 at $19.12 per share. 247wallst.com
Open questions
- Material 1 lists Cohen’s direct holdings as 40,948,522 shares, while material 2 states nearly 41.7 million shares.
- Material 2 reports Cohen’s total buy‑ins expanding his position to close to 4.3 million shares, which differs from the 2.6 million shares detailed in material 1 for September.
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.