secwatch.observer — SEC 8-K summary
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Issuer:     GameStop Corp. (GME)
CIK:        0001326380
Form:       8-K
Filed at:   2026-01-08T23:59:59+00:00
Accession:  0001326380-26-000007
Event type: other_material
Sentiment:  neutral
Materiality: 0.90
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GameStop grants CEO Ryan Cohen 171.5M performance-based options at $20.66 strike
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- Award covers 171,537,327 options exercisable at $20.66 per share, vesting contingent on achieving escalating market cap ($20B-$100B) and cumulative EBITDA ($2B-$10B) hurdles.
- Options vest in nine tranches; first requires $20B market cap and $2B cumulative EBITDA; additional tranches up to $100B market cap/$10B EBITDA.
- Subject to stockholder approval; if not approved within 12 months of grant date, options are void.
- In a change of control, EBITDA hurdles disregarded; market cap based on deal price; vesting may accelerate.
- CEO must hold shares for two years after exercise, except to pay taxes or in change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326380/000132638026000007/0001326380-26-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326380/000132638026000007/gme-20260108.htm
  HTML page:      https://secwatch.observer/filing/0001326380-26-000007

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