GameStop CEO Ryan Cohen bought 1 million Class A shares for $20.3759 million on September 10, 2026, increasing his direct ownership to 39,347,842 shares. The purchase, made without a Rule 10b5-1 trading plan, followed second-quarter results in which adjusted earnings of 27 cents per share exceeded the 19-cent consensus and revenue reached $790.2 million, though sales declined 18.7% from a year earlier. GameStop reported record second-quarter operating income of $160.2 million, driven by a 57% increase in collectibles sales, and raised full-year adjusted EBITDA guidance above $650 million. Board members Lawrence Cheng, James Grube and Lead Independent Director Alain Attal also bought shares during the week. GME rose 4.07% to $21.22 in Friday premarket trading, while an earlier account put the early-Friday price at $21.26, creating a minor timing-based discrepancy. Cohen's purchase comes as GameStop continues pursuing an eBay acquisition proposal that eBay's board rejected in May, while investors assess whether profit gains from collectibles and cost discipline can offset declining traditional game sales.