did roaring kitty sell gamestop stock?

Did Roaring Kitty sell GameStop stock?

Brief answer: did roaring kitty sell gamestop stock? As of June 2024, evidence from Keith Gill’s own June 2 social‑media disclosures and market trading patterns around June 12–13 suggests he materially changed his GameStop exposure — reducing or closing a large short‑dated call‑options position while increasing disclosed common‑stock holdings — yet public market data and reporting could not independently verify the exact trade-by-trade attribution.

This article explains who Keith Gill (Roaring Kitty / DeepF—ingValue) is, what he disclosed in early June 2024, why options markets moved mid‑June, how the position could have been changed (sale vs. exercise), what followed for his disclosed equity stake, how markets and GameStop responded, and the limits of publicly available information. It is factual and neutral in tone and cites contemporaneous reporting through June 13, 2024 where relevant.

Background

Keith Gill, widely known online as Roaring Kitty and by his earlier handle DeepF—ingValue, is an individual investor and financial‑content creator who became a central figure in the January 2021 GameStop meme‑stock event. In 2021 Gill’s public posts and videos highlighting GameStop’s fundamentals and option positions helped spark heavy retail interest and a short squeeze dynamic that brought the company outsized volatility, regulatory scrutiny, and media attention.

After a period of much public attention in 2021, Gill kept a lower public profile for some time. In early June 2024 he reappeared publicly with account screenshots and commentary that renewed retail focus on his positions in GameStop. That reappearance and the surrounding trading activity drove questions: did roaring kitty sell gamestop stock, or did he change his exposure in another way?

Public disclosures of holdings (June 2024)

On June 2, 2024, Gill posted a screenshot on social media showing a brokerage account with two notable positions in GameStop: roughly 5 million shares of common stock and 120,000 call options expiring June 21 with a $20 strike (the June 21 $20 calls). The screenshot also displayed an approximate cost basis and a cash balance in the account. As of June 2, 2024, per his post and contemporaneous media coverage, these self‑reported holdings revived substantial retail attention to both GameStop and Gill’s positions.

Key public points from the June 2 disclosure (as reported):

• The screenshot showed approximately 5,000,000 GameStop common shares disclosed by Gill.
• The screenshot listed 120,000 June 21 $20 call contracts (each contract representing 100 shares of underlying exposure).
• Gill disclosed an approximate cost basis for the positions and a cash balance in the account screenshot.

These voluntary screenshots were not formal SEC filings but were widely circulated and reported by news organizations. The June 2 disclosure put Gill’s combined disclosed exposure — direct stock plus potential option‑exercised shares — at material scale.

Options position and reported trading activity

Between June 12 and June 13, 2024, market data and reporting showed a surge in trading of the June 21 $20 call contracts. Analysts and reporters flagged large block trades, abrupt spikes in volume, and some trades printed at prices below contemporaneous bid quotes — market‑data signals that commonly suggest a seller executed large orders into the market rather than buyers aggressively lifting offers.

News outlets that tracked intraday options tape and block trades interpreted the patterns as consistent with the possibility that Gill (or the account he disclosed) sold or materially reduced the short‑dated call‑options position. For example, some reporting on June 12–13 noted: as of June 13, 2024, large trades and trades printed below the bid were visible for the June 21 $20 calls, and analysts concluded a large position may have been unwound.

Media reports emphasized that public options tape and exchange reports show trades and volume but do not attribute trades to named retail accounts. Consequently, while market signals were compelling and temporally linked to Gill’s earlier disclosures, reporters repeatedly noted independent attribution to Gill for any specific trades could not be confirmed from public data alone.

Possible mechanics of the change (sale vs. exercise)

When an account holds call options and the options position disappears or shrinks, several plausible mechanics can explain the change. Each carries different cash and margin implications:

• Selling call contracts outright: The simplest path is liquidating (selling) the call option contracts in the market. Selling 120,000 call contracts (representing 12,000,000 underlying shares) would generate option premium proceeds depending on prevailing prices and would remove the option exposure without creating an immediate share issuance requirement.

• Exercising call contracts early (in whole or part): The account could exercise some or all call contracts before expiration. Exercising 120,000 contracts would convert them into up to 12,000,000 shares (100 shares per contract), requiring cash or margin to fund the strike price payment (120,000 contracts × 100 shares × $20 strike = $240,000,000). Exercise can be used if the account has adequate cash or margin capacity, or if it intends to promptly sell resulting shares in the open market.

• Combined approach: A hybrid path is also plausible — selling part of the call position to capture premiums and exercising some contracts to obtain shares (depending on cash/margin strategy and market conditions).

Cash and margin considerations are central: exercising at scale requires substantial funds or available leverage; selling contracts generates liquidity and reduces option exposure without the large cash outlay. The contemporaneous market data and Gill’s posted cash balance suggested proceeds from options activity could have been used to increase common‑stock holdings, but public reporting could not confirm the exact mix of sales versus exercises.

Conversion to or increase in common‑stock holding

Following the mid‑June options market activity, reporters cited updated disclosures suggesting Gill’s disclosed equity stake rose. Media coverage on June 13, 2024 reported that Gill’s disclosed common‑stock holdings appeared to increase to roughly 9.001 million GameStop shares after the options actions. Several outlets noted Gill’s account screenshot on June 13 showed an updated share tally and an account cash/value snapshot that implied proceeds from options disposition may have funded additional share accumulation.

As of June 13, 2024, contemporaneous reporting described the situation as follows: Gill initially posted a screenshot on June 2 showing ~5 million shares and 120,000 call contracts; after options market moves and reported trading patterns around June 12–13, updated screenshots and reporting indicated a disclosed stake near 9.001 million shares. The sequence suggested a material reallocation from short‑dated option exposure into longer‑dated direct equity exposure in GameStop.

Again, reporters emphasized that while Gill’s voluntary screenshots and the timing of options market activity strongly suggested this conversion or purchase of additional shares, definitive attribution of specific trades in exchange records to Gill as counterparty could not be independently verified from public tape.

Market and corporate reactions

GameStop’s share price and intraday trading displayed heightened volatility during Gill’s reappearance and the mid‑June options activity. The combination of a well‑known retail figure disclosing positions and large options‑market flows led to sharp intraday swings, intraday volume surges, and rapid changes in price discovery.

Concurrently, GameStop announced share sale plans to take advantage of elevated stock prices. Multiple reports around mid‑June 2024 indicated GameStop pursued a follow‑on equity offering that raised over $2 billion in June 2024. The corporate capital raise leveraged heightened retail interest and market liquidity during the period.

These corporate actions reflect a common pattern: companies sometimes access public markets opportunistically when share prices are favorable to raise capital. The June 2024 share offering was quantifiable corporate activity that followed the market’s attention around Gill and the stock.

Analysis and commentary from market participants

Market strategists, options analysts, and reporters offered several interpretations:

• Some market participants saw the options‑volume pattern, especially large trades and prints below the bid, as evidence of a significant seller unwinding a concentrated options position.

• Others cautioned that retail investors interpreting the options tape should be careful: trades printed below the bid can occur for many reasons, and public tape does not reveal the true counterparty or whether a sell trade was executed by the named account, a broker‑dealer, or a liquidity provider.

• Commentators also observed that if large option positions are sold into the market, that generally benefits counterparties taking the other side (market makers, institutions, or other traders) rather than the retail account selling the contracts.

• Across coverage, analysts emphasized the limits of attribution and advised readers to recognize that public tape indicates activity but not the identity of the trader.

These balanced commentaries echoed reporting language that flagged market signals without asserting finality about who executed any specific trade.

Uncertainties and limits of public information

Publicly available market data — options tape, trade prints, and exchange volume reports — show when contracts traded and at what prices, but they do not include counterparty names. Voluntary account screenshots, while indicative and useful for context, are not formal regulatory filings and can be incomplete or selective in what they display.

As a result, although both Gill’s screenshots and the observed trading patterns strongly suggest he reduced or closed the short‑dated call options and increased disclosed common stock, media outlets and analysts repeatedly noted they could not independently verify that Gill himself executed the specific trades observed in the options tape. The absence of an audit trail connecting exchange trades to a public‑facing account means firm attribution was not possible solely from public data.

For confirmed ownership and certain types of transactions, official SEC filings (Forms 3/4 for insider transactions, and 13D/13G for large beneficial ownership positions) and company disclosures remain the authoritative public record. At the time of the June 2024 reporting that linked Gill’s disclosures and the options market activity, media accounts indicated that formal filings and regulatory disclosures were being watched for corroboration.

Timeline of key events (June 2024)

• June 2, 2024 — Gill posts a brokerage‑account screenshot showing ~5,000,000 GameStop shares and 120,000 June 21 $20 call options; screenshot shows cost basis and cash balance. (Reported by major outlets on June 2, 2024.)
• June 7, 2024 — Gill conducts a livestream/Q&A that drew viewer attention and further revived retail interest in his positions. (Reported June 7, 2024.)
• June 12–13, 2024 — Options trading in the June 21 $20 calls surges; large block trades and prints below the bid are observed in market data. Analysts and reporters note patterns consistent with the unwinding or sale of a large call position. (Reporting footprints June 12–13, 2024.)
• June 13, 2024 — Media outlets report Gill’s disclosed common‑stock holdings appear to increase to about 9.001 million shares after the options activity; outlets reiterate they cannot independently confirm attribution of specific trades. (Reported June 13, 2024.)
• Mid‑June 2024 — GameStop announces equity capital‑raising activity; subsequent reporting indicates a follow‑on offering that raised over $2 billion. (Corporate announcements and reporting in mid‑June 2024.)

Regulatory, legal, and disclosure considerations

There are several different public disclosure mechanisms and legal thresholds that matter when tracking ownership changes:

• SEC beneficial‑ownership filings (Schedule 13D / 13G): Investors who acquire a beneficial ownership stake above 5% of a company’s outstanding shares typically must file a Schedule 13D (or 13G in certain passive cases). These filings disclose stake size, acquisition dates, and intent language and are primary sources for confirmed large positions.

• Forms 3, 4, 5: Insiders and certain officers/directors must file Forms 3/4/5 to disclose changes in ownership of equity and derivative instruments tied to the company. These filings provide an audit trail for insider transactions.

• Voluntary social disclosures vs. formal filings: Gill’s screenshots were voluntary social disclosures rather than SEC filings. They provided useful context but do not replace official filings for regulatory confirmation.

As of the media reports in mid‑June 2024, outlets were watching for any accompanying formal SEC filings that would definitively reflect changes in beneficial ownership or insider transactions. Reporters noted that while voluntary screenshots are informative, the authoritative confirmation of ownership changes rests with the formal filings and company disclosures.

Aftermath and longer‑term developments

Following the June 2024 episode, subsequent reporting in later months covered related but separate activity involving Keith Gill and other securities (for example, reports of Gill’s later public interest or positions in other companies such as Chewy appeared in later coverage). Those later events are distinct from the June 2024 GameStop options and stock activity described here and should be considered separate episodes when assessing sequence and causality.

Market observers continued to treat Gill’s voluntary disclosures as notable for retail psychology and flow dynamics, while also emphasizing the long‑standing principle that tape‑based attribution has limits without formal filings or exchange counterparty data.

See also

• GameStop short squeeze (2021)
• Meme stocks and retail trading dynamics
• Options basics: how call contracts, exercise, and settlement work
• Keith Gill (Roaring Kitty) profile

References

Note on reporting dates: where media outlets are cited below, reporting was current through mid‑June 2024 and specifically through June 13, 2024 for the options‑activity coverage.

• As of June 2, 2024, Keith Gill posted an account screenshot showing ~5 million shares and 120,000 June 21 $20 call options (reported by major financial news outlets on June 2, 2024).
• As of June 12–13, 2024, Reuters reported large block trades and unusual pricing prints in the June 21 $20 calls consistent with a potential sale of a large position (reported June 12–13, 2024).
• As of June 13, 2024, CNBC and Bankrate covered the options tape patterns and updated screenshots indicating Gill’s disclosed common shares rose to roughly 9.001 million shares; both outlets also noted inability to independently attribute trades to Gill from public data (reported June 13, 2024).
• BBC and Yahoo Finance provided background on Gill’s role in the 2021 meme‑stock event and context for his reappearance in 2024 (background reporting up to June 2024).
• Corporate filings and press reports in mid‑June 2024 documented GameStop’s equity offering activity that raised over $2 billion (reported in mid‑June 2024 by financial press).

Sources summarized above represent contemporaneous coverage and market‑data observations through June 13, 2024. For official confirmations of ownership or insider transactions, consult SEC filings and company disclosures.

Practical takeaways for readers

• If you asked "did roaring kitty sell gamestop stock?" the concise factual framing is: public screenshots and market‑data patterns in mid‑June 2024 indicate he reduced short‑dated option exposure and disclosed a larger common‑stock stake, but trade‑by‑trade attribution to Gill could not be independently verified from public data.

• Remember that posted brokerage screenshots are voluntary and not substitutes for formal regulatory filings (Forms 3/4/13D/13G). For confirmed ownership changes, those official filings are the authoritative source.

• If you follow market movers and retail flow, watch both voluntary public disclosures and official filings. For execution and custody services, consider regulated platforms — Bitget offers trading services and the Bitget Wallet for self‑custody needs.

Further exploration — learn more about options mechanics, how exercises convert into shares, and how corporate capital raises operate. Explore Bitget resources to discover trading tools and wallet solutions that support informed trading and custody practices.