EL7.AI
StocksMediumUpdated•Originally published 12 September 2026•Updated 12 September 2026•
2 min read

Ryan Cohen Buys 1 Million GameStop Shares for $20.4 Million

Key Facts

1Ryan Cohen bought 1 million GameStop shares on September 10, 2026 at a $20.3759 weighted average, for $20,375,900.
2His direct holdings increased from 38,347,842 to 39,347,842 shares, or approximately 2.6%.
3His beneficial ownership totaled 43,082,626 shares, or approximately 8.5%, including 3,734,784 warrant-linked shares.
4GME closed at $21.15 on September 11, 2026 within a range of $20.84 to $21.36.

Ryan Cohen, GameStop's chairman and chief executive officer, bought 1 million Class A shares in the open market on September 10, 2026. The weighted-average purchase price was $20.3759 a share, taking the total consideration to $20,375,900, or about $20.4 million.

The purchase increased Cohen's directly owned shares from 38,347,842 to 39,347,842, a gain of approximately 2.6%. That is more precise than describing the increase as 3% without specifying the ownership measure used.

Cohen's Schedule 13D reported beneficial ownership of 43,082,626 shares, or approximately 8.5% of the class, including 3,734,784 shares underlying warrants. This explains why his beneficial-ownership figure differs from the number of common shares he directly owned after the transaction.

The filing said Cohen used personal funds and bought the shares in transactions ranging from $20.0199 to $20.4699. GME closed the next session at $21.15 after trading between $20.84 and $21.36, leaving the close about 3.8% above Cohen's weighted-average price; that comparison alone does not establish that his purchase caused the stock's move.

The disclosure followed GameStop's September 8, 2026 second-quarter results. The company reported operating income of $160.2 million, up from $66.4 million a year earlier, while net sales declined to $790.2 million from $972.2 million.

GameStop raised its fiscal 2026 adjusted earnings before interest, taxes, depreciation and amortization outlook to more than $650 million from more than $600 million. Investors will therefore be watching execution against that outlook and the performance of the underlying business; the ownership filing establishes the size of Cohen's investment but does not guarantee the stock's future direction.