Ryan Cohen continues to increase GameStop stake

Ryan Cohen purchased 500,000 additional shares of GameStop Corp. (NYSE: GME) on January 21, 2026, according to a Schedule 13D filing with the Securities and Exchange Commission.

Cohen acquired the shares at a weighted average price of $21.60 per share in multiple transactions with prices ranging from $21.55 to $21.61. The purchases were made in the open market using personal funds.

Following the transaction, Cohen now beneficially owns 42,082,626 shares of GameStop, representing approximately 9.3% of the company's outstanding shares. This total includes 38,347,842 shares directly owned and 3,734,784 shares underlying warrants that Cohen received from the company through a warrant dividend distribution.

Cohen's aggregate purchase price for his directly owned shares is approximately $128.2 million, excluding brokerage commissions. The filing indicates Cohen has sole voting and dispositive power over all 42,082,626 shares.

In the filing, Cohen stated his belief that chief executive officers of public companies should purchase shares in the open market with personal funds to strengthen alignment with stockholders, adding that any CEO who fails to do so should be terminated.

The filing was based on GameStop's reported 448,009,480 shares outstanding as of December 5, 2025, as disclosed in the company's quarterly report filed December 9, 2025.

Today's purchase followed a purchase of 500,000 shares yesterday.

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