This is an automated archive made by the Lemmit Bot.

The original was posted on /r/Superstonk by /u/TerribleCollar2932 on 2025-01-30 01:03:41+00:00.

Ryan Cohen filed an Amendment No. 10 to his Schedule 13D, which revealed a significant change in the way he holds his GameStop shares. Its been a while since we’ve seen RC make a move so let’s break this down logically.

We’ll cover:

1. What We Know (the hard facts)
2. Speculation (from the likely to the tinfoil)

What We Know

Here’s what we can confirm from the filing:

• Share Transfer: On January 27, 2025, Ryan Cohen transferred 36,847,842 shares of GameStop stock from RC Ventures LLC (his holding company) to his personal ownership.
• Ownership Details:
• RC Ventures now holds zero shares of GameStop.Cohen remains the sole party with economic interest in these shares and now has direct beneficial ownership, meaning full voting and dispositive power lies with him personally.
• Size of Holding: Cohen owns 8.2% of GameStop’s total shares outstanding as of December 2024 (446.8M shares reported).
• Purchase Details: The filing reiterates that these shares were purchased using personal funds, which may have included margin loans. The total purchase cost: approximately $96 million (excluding brokerage fees).
• Reason for Filing: This amendment was required because the transfer resulted in a material change to Cohen’s form of ownership.

Key Document Snippet:

“Such internal transfer constituted a change in form of beneficial ownership from indirect to direct for Mr. Cohen. Mr. Cohen remains the sole party with an economic interest in the securities reported herein.”

Speculation

Now let’s explore what this might mean. Ill organize this from the most plausible explanations to the more speculative ones.

1. Likely Scenarios (Grounded Speculation) ==========================================

• Strategic Positioning for Corporate Moves Simplifying his ownership structure could prepare Cohen to act on major corporate events, such as:
• Mergers or acquisitions involving GameStop or its subsidiaries ( the rumored partnership with PSA for trading cards).A potential management buyout or shareholder initiative that requires strong direct ownership.
• Tax or Legal Optimization Moving shares to personal ownership could reduce tax liabilities tied to RC Ventures or streamline Cohen’s estate planning. It might also make dividends or future payouts easier to manage.
• Increased Voting Power and Flexibility By holding shares directly, Cohen consolidates his voting power. This could allow him to exert greater influence on any upcoming shareholder votes.

2. Possible But Less Certain Scenarios ======================================

• Direct Registration (DRS) With his shares now in personal ownership, Cohen could choose to direct register them through Computershare. This would remove his shares from the lending pool, further tightening the float and potentially pressuring short sellers.
• Pressure on Shorts The transfer might force brokers or clearinghouses to locate and deliver the shares during settlement (T+2), causing ripples for those relying on synthetic shares or naked shorting.
• Signaling Confidence By holding directly instead of selling, Cohen may be signaling that he’s doubling down on his belief in GameStop’s long-term value.

Ive seen a lot of comments talking about him drsing, yes that would be beautiful and I believe he technically could, but time will tell.

3. Tinfoil and Hopium =====================

• Coordinated Play with Roaring Kitty (RK): Ive seen some comments speculate this move aligns with recent cryptic tweets by RK, hinting that they are both preparing for a major catalyst.
• The MOASS Catalyst: A share recall (if Cohen initiates DRS) could trigger a supply shock, leading to parabalocisim.
• RC Ventures Buys More Shares: With RC Ventures no longer holding GME shares, the LLC could now act as a clean slate to buy more shares without immediate reporting requirements

TL;DR

• Ryan Cohen transferred 36.8M GME shares from RC Ventures LLC to personal ownership, making him the direct owner of 8.2% of the company.
• This move could signal preparations for corporate actions, tax optimization, or pressure on short sellers.
• Speculation ranges from DRS potential to strategic positioning for mergers or acquisitions.
• Shorts r Royally Fukd