Form 4: GameStop PFO and PAO Daniel William Moore Sells Shares to Cover Withholding Taxes

Daniel William Moore, PFO and PAO of GameStop Corp., sold 1,052 shares of Class A Common Stock on April 2, 2024, to cover withholding taxes related to the vesting of restricted stock units.

Summary

• On April 2, 2024, Daniel William Moore, the PFO and PAO of GameStop Corp., sold 1,052 shares of Class A Common Stock.
• The sale was executed at a price of $11.6088 per share.
• The transaction was to cover applicable withholding taxes associated with the vesting of restricted stock units and does not represent a discretionary trade.
• Following the transaction, Moore directly owns 21,911 shares of GameStop's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider stock sale for tax purposes, which is neither particularly positive nor negative.

Management Comments

• The sale does not represent a discretionary trade by the Reporting Person.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.

Stakeholder Impact

• The sale of shares by an insider could be perceived negatively by some shareholders, although the explanation provided mitigates this concern.

Key Dates