GameStop (GME) Director Wolf Sells Nearly $21 Million in Stock Amid Ongoing Short Squeeze

January 15, 2021 7:12 AM EST

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Shares of GameStop (NYSE: GME), which are surging on a short squeeze, saw insider selling from Director Kurt James Wolf.

Mr. Wolf disclosed in a filing late Thursday that he sold 945,500 shares, or 95% of his holdings, between 01/12-01/13 at prices from $19.99-$31.08.

Shares were held by Hestia Capital Partners, LP.

After the sales, Wolf owns 91,000 shares indirectly through Hestia Capital and owns 50,689 shares directly, including 21,400 shares beneficially owned jointly with Mr. Wolf's wife.

See the Table Below for the sale transactions:

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8)4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock01/12/2021 S (1) 560,000D$ 19.99 (2)388,600IBy Hestia Capital Partners, LP (3) (4)
Class A Common Stock01/12/2021 J (5) 135,500D(5)271,000IBy Hestia Capital Management, LLC (4) (6)
Class A Common Stock01/12/2021 S (7) 160,000D$ 19.99 (2)111,000IBy Hestia Capital Management, LLC (4) (6)
Class A Common Stock01/13/2021 S (1) 70,000D$ 31.08 (8)318,600IBy Hestia Capital Partners, LP (3) (4)
Class A Common Stock01/13/2021 S (7) 20,000D$ 31.08 (8)91,000IBy Hestia Capital Management, LLC (4) (6)
Class A Common Stock 50,689 (9)D


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