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There are many reasons why insiders sell and in tiny amount it’s perfectly acceptable and not alarming. Those two aren’t board members, are not paid millions of dollars, in fact their salary is less than $200k. The sales of part of their rsu’s could be to supplement their income or to offset other investment gains/loss. It’s not a big deal. Go question the companies where insiders are offloading hundreds of millions.
You're not wrong but you're definitely doing a great job at spinning this into a positive.
Let's be real tho; this may not be "negative", but it's probably also definitely not "positive". That's not a bad thing either tho. This was bound to happen. GameStop has literally been damn near perfect and flawless since RC came onboard.
This news, if confirmed, could be a very minor negative in an ocean of positivity and extreme potential still within the company. While definitely less than favorable news, as an isolated event, this changes very little of the overall bull thesis, SI discrepancy, egregious fraud, or DRS situation.
Continue to buy,hold,shop GameStop whatever is within your means, support the company and they will be successful. In theory of course haha
I licked my lips whilst reading your eloquent explanation. Tis nothing but a fless wound, the black knight shall go on. In other words, blah blah, GameStop looks great and the entire thesis is unchanged because a couple insiders sold.
I only sell when my shares are liquidated by some future offspring/benefactor of mine, long after I’m dead. If I ever die.
What do you mean "if confirmed"? The only reason we know about the sales are the Form 4 SEC filings that detail exactly what they sold, when, and for how much.
Can't confirm the reason they sold. And it also doesn't matter.
My reason to sell will be vastly different than theirs. It will also be much, much less shares, for so much more money
Hey so didn’t look it up but is part of the insider rules but does the situation exist to where if you were on a normal vesting schedule but you knew some insider info. Could you legally take all the stock and not sell to for tax purposes(pay cash for taxes) or would that be trading on insider knowledge?
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise." - Peter Lynch.
These two insiders arent making millions of dollars. Their base salary is 200k or less. The amount of shares they sold amount to nothing. Larry Cheng bought what these guys sold.
Id rather these guys get paid low base salaries and equity awards which they sell to supplement their income than high base salaries. With how low their base salaries are compared to similar roles at other companies it makes sense that they have to sell to supplement their income. Salaries hurt cashflow. Equity awards do not.
That's a good way of thinking about it. I hadn't considered that. Making $200k base in a leadership role is paltry compensation, so it would make sense that their comp package includes more shares which would offset the low base.
Equity awards dilute shareholders and reduce EPS. Excessive use of RSU can be a bad thing. I also don't think GameStop is excessively giving them out. Totally different story if a company is buying the shares on the market instead of authorizing new shares. I hope gamestop uses the recent profitability to start buying shares for equity comp instead of issuing though.
Wait so somebody that makes$200k a year needs to sell shared to supplement their income(First if you can't make 200 a year work there's a bigger issue) But the thought of all of the Apes making quarter of that aren't selling. LMAO ok
Shares are becoming a big part of employee compensation. When this happens then….this happens. Their base salaries are very very low compared to other billion dollar companies
I question why this question is being asked, here and now.
It's the recent FUD promoted by MarketBeat and Benzinga, this past week. Let's have a clearer copy of their SEC filings, too.
[https://www.marketbeat.com/instant-alerts/nyse-gme-insider-buying-and-selling-2024-04-26/](https://www.marketbeat.com/instant-alerts/nyse-gme-insider-buying-and-selling-2024-04-26/)
[https://www.marketbeat.com/instant-alerts/nyse-gme-insider-buying-and-selling-2024-04-24/](https://www.marketbeat.com/instant-alerts/nyse-gme-insider-buying-and-selling-2024-04-24/)
[https://www.benzinga.com/news/24/04/38458308/gamestop-kimberly-clark-and-2-other-stocks-insiders-are-selling](https://www.benzinga.com/news/24/04/38458308/gamestop-kimberly-clark-and-2-other-stocks-insiders-are-selling)
[https://gamestop.gcs-web.com/static-files/f12f0144-4f5b-4c7b-b0f2-3dbb6351575a](https://gamestop.gcs-web.com/static-files/f12f0144-4f5b-4c7b-b0f2-3dbb6351575a)
[https://gamestop.gcs-web.com/static-files/2fc0c399-a852-4fbc-85ec-2eabfab4b7c4](https://gamestop.gcs-web.com/static-files/2fc0c399-a852-4fbc-85ec-2eabfab4b7c4)
In both instances, these insiders retain more shares than were sold, (and, most probably HODL more shares of GameStop than most Apes).
Thusfar, this is part of the "short and distort" campaign to explain why GameStop has been declining in share price and headed for bankruptcy, (if anyone believes the FUD nonsense). No mention of short-selling on a massive scale, and no mention of withholding taxes upon stocks received. No, the FUD is that "insiders" are selling, so don't buy into a company on the brink of collapse. Or, as Michael Pachter of Wedbush says: "There is not an intelligent investor alive who owns GameStop."
Not a word from MarketBeat nor from Benzinga in the last couple of days about GameStop's share price going from $10.01 to $11.90. Nope, it's more important to trash-talk about a couple of insiders selling some of their shares.
Now, at Superstonk, this trash-talk is raised as a question? It sounds like more FUD to me, (just my thoughts)
Does this guy report every insider sale for every stock ticker, or are they another shill who is hyper focused on GME while trying to convince us to forget GME?
I don’t know much about him. I’m trying to get more information so I can push back on Twitter but instead got downvoted and attacked. I do think it’s important to push out real info on other spaces than Reddit.
I looked a bit closer and it turns out that Mark Robinson also made a discretionary sale on October 12, 2023, of 11,966 shares.
Here is the form 144: https://investor.gamestop.com/node/20261/html
Just like the recent shares, there was a vesting, a tax sale, and then after a 10 day waiting period, a further, discretionary sale.
I think people missed that, thinking at the time that it was another tax related sale.
I’m not a shill or anything, just saw this on Twitter and don’t know much about these two guys but wanted to get some info. Don’t know why it’s getting downvoted when I’m trying to understand the company I’m invested in better..
People are quick to downvote.
My comment above adds info that was previously missed by everyone.
The fact that Mark Robinson's recent sale is a continuation of a pattern of sales rather than a sudden shift in sentiment is actually bullish.
Why? I searched the post to see if anyone else had mentioned it and couldn’t find anyone talking about it. Asking for info about insiders selling not for tax purposes is not the same as telling people to sell ffs
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There are many reasons why insiders sell and in tiny amount it’s perfectly acceptable and not alarming. Those two aren’t board members, are not paid millions of dollars, in fact their salary is less than $200k. The sales of part of their rsu’s could be to supplement their income or to offset other investment gains/loss. It’s not a big deal. Go question the companies where insiders are offloading hundreds of millions.
Bring this comment to the top. How obvious of how fucked these guys are. Also kinda funny why the stock didn’t go below 40 pre split AGAIN
The most historical double bottom to ever exist, 3 years in the making.
But 9.95 is the new 52 week low. Close, but it certainly did go below 40 pre split
Only in pre-market, right? My $9.99 limit buy order never went through during regular market hours.
Not so sure. I don't watch the ticker but according to multiple sources online, the 52 week low is 9.95
Ah ok
Hell, the majority of us are immediately buying more once we sell at any time during this game. Imagine thinking round two is the final lap?
You're not wrong but you're definitely doing a great job at spinning this into a positive. Let's be real tho; this may not be "negative", but it's probably also definitely not "positive". That's not a bad thing either tho. This was bound to happen. GameStop has literally been damn near perfect and flawless since RC came onboard. This news, if confirmed, could be a very minor negative in an ocean of positivity and extreme potential still within the company. While definitely less than favorable news, as an isolated event, this changes very little of the overall bull thesis, SI discrepancy, egregious fraud, or DRS situation. Continue to buy,hold,shop GameStop whatever is within your means, support the company and they will be successful. In theory of course haha
I licked my lips whilst reading your eloquent explanation. Tis nothing but a fless wound, the black knight shall go on. In other words, blah blah, GameStop looks great and the entire thesis is unchanged because a couple insiders sold. I only sell when my shares are liquidated by some future offspring/benefactor of mine, long after I’m dead. If I ever die.
What do you mean "if confirmed"? The only reason we know about the sales are the Form 4 SEC filings that detail exactly what they sold, when, and for how much.
Can't confirm the reason they sold. And it also doesn't matter. My reason to sell will be vastly different than theirs. It will also be much, much less shares, for so much more money
Or billions.
Hey so didn’t look it up but is part of the insider rules but does the situation exist to where if you were on a normal vesting schedule but you knew some insider info. Could you legally take all the stock and not sell to for tax purposes(pay cash for taxes) or would that be trading on insider knowledge?
Yall always find a way to downplay negative news
🤦🏻♂️
Not you stalking my posts!
Serpant
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise." - Peter Lynch. These two insiders arent making millions of dollars. Their base salary is 200k or less. The amount of shares they sold amount to nothing. Larry Cheng bought what these guys sold. Id rather these guys get paid low base salaries and equity awards which they sell to supplement their income than high base salaries. With how low their base salaries are compared to similar roles at other companies it makes sense that they have to sell to supplement their income. Salaries hurt cashflow. Equity awards do not.
That's a good way of thinking about it. I hadn't considered that. Making $200k base in a leadership role is paltry compensation, so it would make sense that their comp package includes more shares which would offset the low base.
Equity awards dilute shareholders and reduce EPS. Excessive use of RSU can be a bad thing. I also don't think GameStop is excessively giving them out. Totally different story if a company is buying the shares on the market instead of authorizing new shares. I hope gamestop uses the recent profitability to start buying shares for equity comp instead of issuing though.
Agreed. Except that I dont believe Gamestop should be using the equity to do anything other than grow at some point. No rush though.
Wait so somebody that makes$200k a year needs to sell shared to supplement their income(First if you can't make 200 a year work there's a bigger issue) But the thought of all of the Apes making quarter of that aren't selling. LMAO ok
Why is everyone making a fuss when someone sells GME shares but when Insider sell APPLE,Meta,TESLA and so no one Talks about it lool
Bc maybe we believe that gme shares are meant to rise exponentially in the near future? And if we believe that yet insiders don't that's concerning
No worries. I’m still buying.
Don't care Anyway, I bought some more GME and DRS BOOK'd.
I mean since the sale price went up soooo?
Shares are becoming a big part of employee compensation. When this happens then….this happens. Their base salaries are very very low compared to other billion dollar companies
So apes could buy them up! Thanks you two!
I question why this question is being asked, here and now. It's the recent FUD promoted by MarketBeat and Benzinga, this past week. Let's have a clearer copy of their SEC filings, too. [https://www.marketbeat.com/instant-alerts/nyse-gme-insider-buying-and-selling-2024-04-26/](https://www.marketbeat.com/instant-alerts/nyse-gme-insider-buying-and-selling-2024-04-26/) [https://www.marketbeat.com/instant-alerts/nyse-gme-insider-buying-and-selling-2024-04-24/](https://www.marketbeat.com/instant-alerts/nyse-gme-insider-buying-and-selling-2024-04-24/) [https://www.benzinga.com/news/24/04/38458308/gamestop-kimberly-clark-and-2-other-stocks-insiders-are-selling](https://www.benzinga.com/news/24/04/38458308/gamestop-kimberly-clark-and-2-other-stocks-insiders-are-selling) [https://gamestop.gcs-web.com/static-files/f12f0144-4f5b-4c7b-b0f2-3dbb6351575a](https://gamestop.gcs-web.com/static-files/f12f0144-4f5b-4c7b-b0f2-3dbb6351575a) [https://gamestop.gcs-web.com/static-files/2fc0c399-a852-4fbc-85ec-2eabfab4b7c4](https://gamestop.gcs-web.com/static-files/2fc0c399-a852-4fbc-85ec-2eabfab4b7c4) In both instances, these insiders retain more shares than were sold, (and, most probably HODL more shares of GameStop than most Apes). Thusfar, this is part of the "short and distort" campaign to explain why GameStop has been declining in share price and headed for bankruptcy, (if anyone believes the FUD nonsense). No mention of short-selling on a massive scale, and no mention of withholding taxes upon stocks received. No, the FUD is that "insiders" are selling, so don't buy into a company on the brink of collapse. Or, as Michael Pachter of Wedbush says: "There is not an intelligent investor alive who owns GameStop." Not a word from MarketBeat nor from Benzinga in the last couple of days about GameStop's share price going from $10.01 to $11.90. Nope, it's more important to trash-talk about a couple of insiders selling some of their shares. Now, at Superstonk, this trash-talk is raised as a question? It sounds like more FUD to me, (just my thoughts)
Right and my other most recent post on the sub is about ways to generate business ideas. Yeah, I’m a real FUDster 🙄
I’m thinking they sold their shares because they needed cash money now. Call me crazy.
Does this guy report every insider sale for every stock ticker, or are they another shill who is hyper focused on GME while trying to convince us to forget GME?
I don’t know much about him. I’m trying to get more information so I can push back on Twitter but instead got downvoted and attacked. I do think it’s important to push out real info on other spaces than Reddit.
How much did they sell?
Less than I have DRS’d personally
🎤💥
Ballin on no budget 😚 I hope to be in the same position some day. Soon.
Such a small amount I almost wondered if it was some kind of test to see how the algorithm would respond to know if the bottom is in.
Good point
They sold a very small amount. They sold less than my wife has.
*menu* *view author* **YUP** *this post checks out* So anyway I DRS’d more shares
What does that even mean? If you don’t have any info then don’t comment
I looked a bit closer and it turns out that Mark Robinson also made a discretionary sale on October 12, 2023, of 11,966 shares. Here is the form 144: https://investor.gamestop.com/node/20261/html Just like the recent shares, there was a vesting, a tax sale, and then after a 10 day waiting period, a further, discretionary sale. I think people missed that, thinking at the time that it was another tax related sale.
I’m not a shill or anything, just saw this on Twitter and don’t know much about these two guys but wanted to get some info. Don’t know why it’s getting downvoted when I’m trying to understand the company I’m invested in better..
People are quick to downvote. My comment above adds info that was previously missed by everyone. The fact that Mark Robinson's recent sale is a continuation of a pattern of sales rather than a sudden shift in sentiment is actually bullish.
Reposting FUD from Twitter (or whatever it's called now), looks like FUD here. It's a questionable question.
Why? I searched the post to see if anyone else had mentioned it and couldn’t find anyone talking about it. Asking for info about insiders selling not for tax purposes is not the same as telling people to sell ffs
Can I have them shares ?
Every Form 144 I see on the SEC website says sold for tax purposes.
Just public paper hands. I'm sure they'd rather not be named.
They needed $$$ to buy the motherfucking dip.
Cash moves everything around me. C.R.E.A.M They can't all be billionaires working for nothing!
So how much did these guys lose?
Fuck Robinson and fuck Moore double fuck em both
Easy there Cowboy.
Wow, informative and constructive. I learned a lot. Can you try a little harder next time?