SCHEDULE 13D/A: Ryan Cohen Consolidates GameStop Share Ownership, RC Ventures Ceases Reporting
Schedule 13D Amendment
Ryan Cohen has directly assumed beneficial ownership of 36.8 million GameStop Class A Common Stock shares, previously held by his entity RC Ventures LLC, which will no longer be a reporting person.
Summary
- Ryan Cohen has directly acquired 36,847,842 shares of GameStop Corp. Class A Common Stock.
- These shares were internally transferred from RC Ventures LLC, an entity holding Mr. Cohen's personal investments, where he served as Manager and was the sole party with pecuniary interest.
- RC Ventures LLC no longer beneficially owns any shares and will cease to be a Reporting Person immediately upon the filing of this Amendment No. 10 to the Schedule 13D.
- Mr. Cohen now directly beneficially owns approximately 8.2% of GameStop's Class A Common Stock, based on 446,800,365 shares outstanding as of December 4, 2024.
- The aggregate purchase price for the 36,847,842 shares beneficially owned by Mr. Cohen is approximately $96,076,057, excluding brokerage commissions.
- Mr. Cohen retains sole voting and dispositive power over these shares.
Sentiment
Score: 5
Explanation: The document is neutral in sentiment as it primarily reports an administrative change in beneficial ownership structure for an existing major shareholder, with no new financial performance or strategic announcements.
Future Outlook
The document indicates that Mr. Cohen will continue filing statements on Schedule 13D with respect to his beneficial ownership of securities of the Issuer to the extent required by applicable law.
Industry Context
This filing is an administrative update regarding the beneficial ownership structure of a significant individual investor in GameStop, a company known for its unique position in the retail gaming and 'meme stock' landscape. It does not provide broader industry trends or competitive analysis.
Related Party Transactions
- An internal transfer of 36,847,842 shares occurred from RC Ventures LLC to Ryan Cohen. RC Ventures is an entity holding Mr. Cohen's personal investments, and Mr. Cohen is its Manager and sole pecuniary interest holder, making this an internal, related-party transaction.
Stakeholder Impact
- Shareholders: Provides clarity on the direct beneficial ownership of a significant investor, Ryan Cohen, consolidating his holdings under his personal name rather than through an entity. This is primarily an administrative change and does not alter the total number of shares he controls or his economic interest.
- Regulatory Authorities: Ensures compliance with SEC disclosure requirements regarding changes in beneficial ownership.
Next Steps
- Ryan Cohen will continue filing statements on Schedule 13D regarding his beneficial ownership of GameStop securities as required by law.
Key Dates
| Date | Description |
|---|---|
| 2024-12-04 | Date as of which 446,800,365 shares outstanding were reported in GameStop's Form 10-Q. |
| 2024-12-10 | Date GameStop's Quarterly Report on Form 10-Q was filed with the SEC. |
| 2025-01-27 | Date of the internal transfer of 36,847,842 shares from RC Ventures LLC to Ryan Cohen, which required this filing. |
| 2025-01-29 | Date the Schedule 13D Amendment No. 10 was signed and filed. |
Keywords
GameStop, Ryan Cohen, RC Ventures, Schedule 13D, Beneficial Ownership, GME, Stock Ownership, SEC Filing
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