Transaction details
Lawrence Cheng, a director of GameStop Corp., reported the acquisition of 5,000 common shares on January 23, 2026, in a Form 4 filed with the Securities and Exchange Commission. The shares were bought at a weighted average price of $22.8737, yielding a total transaction value of $114,368. Prices paid within the trade ranged from $22.8547 to $22.9946.
Following this purchase, Cheng directly holds 88,000 GameStop shares through Cheng Capital LLC, according to the filing.
Related executive activity
In separate disclosures, GameStop announced a performance-based stock option award granted to Chairman and Chief Executive Officer Ryan Cohen. That compensation package is structured so that payment is wholly contingent on the company meeting specified market capitalization and profitability benchmarks. The plan does not include a guaranteed salary or cash bonuses and will be put to a stockholder vote at an upcoming special meeting.
Also disclosed were two additional equity purchases by Cohen that increased his stake in the company to 9.2 percent. On January 20, Cohen purchased 500,000 shares at an average price of $21.12 per share. He followed with another purchase of 500,000 shares on January 21 at an average price of $21.60 per share. These transactions were reported in filings with the Securities and Exchange Commission.
Market response
The filings and announcements coincided with a rise in GameStop shares during after-hours trading, according to the disclosure in the filings.
Context and limitations
This report is limited to the transactions and disclosures stated in the Securities and Exchange Commission filings. It does not address other corporate actions beyond those described, nor does it project outcomes of the proposed compensation plan or the forthcoming shareholder vote.