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Direct Register Shares (DRS) of Your GameStop (GME) Stock

by Larry Chiang on April 2, 2025


To Direct Register Shares (DRS) of your GameStop (GME) stock, you’ll need to transfer them from your current broker to GameStop’s transfer agent, Computershare. This process puts the shares in your name, removing them from the broker’s control and the Depository Trust Company (DTC) system. Here’s a step-by-step guide based on common practices and available information:
1. **Confirm Your Shares Are Eligible**: Ensure your GameStop shares are held in a cash or margin account with your broker, not in a retirement account like an IRA, as transferring from an IRA can involve additional steps or tax implications. Contact your broker or a financial advisor if you’re unsure.
2. **Contact Your Broker**: Reach out to your current broker (e.g., Fidelity, Schwab, Robinhood) via phone, online chat, or their transfer request system. Tell them you want to transfer your GameStop shares to Computershare via the Direct Registration System (DRS). Be specific—say you want the shares registered in your name with GameStop’s transfer agent, not transferred to another broker.
   – **What to Provide**: You may need to specify:
     – The stock (GameStop, ticker: GME)
     – The number of shares to transfer
     – Computershare’s DTC number (7807)
     – Computershare’s address: Computershare Trust Company, N.A., P.O. Box 505005, Louisville, KY 40233-5005
   – Some brokers may charge a fee (e.g., $25-$100), while others, like Fidelity, often do it for free. Ask about any costs upfront.
3. **Initiate the Transfer**: Your broker will handle the request. The process typically takes 3-10 business days, depending on the broker. They’ll move the shares to Computershare, and you don’t need an existing Computershare account beforehand—your broker’s transfer will trigger one to be created for you.
4. **Wait for Computershare Confirmation**: After the transfer, Computershare will send you a DRS Account Statement by mail with your account number. This can take 2-6 weeks to arrive. If you’re in a hurry:
   – Call Computershare at +1-800-522-6645 (U.S.) or +800-3823-3823 (non-U.S., select countries) to get your account number sooner if you transferred fewer than 10 shares.
   – Pay $45 to expedite the letter, which arrives within a week.
5. **Set Up Your Computershare Account**:
   – Once you have your account number, go to www.computershare.com/investor.
   – Click “Register Now,” select “Holder Account Number” (not SSN if you’re non-U.S.), and enter:
     – Your account number (starts with “C”)
     – Your last name or business name
     – The stock name (GameStop)
   – Create a username, password, and security questions.
   – A verification code will be mailed to you (1-3 weeks). For faster access, call Computershare and pay $30 to get it emailed within 48 hours.
6. **Verify Ownership**: Once logged in, you’ll see your shares in your Computershare account, confirming they’re directly registered in your name. They’re now out of the broker’s “street name” and can’t be lent out for short selling.
### Tips and Considerations:
– **Selling Shares**: To sell DRS’d shares, you’ll need to either place an order through Computershare (which routes through a broker and may take longer) or transfer them back to a broker. This makes DRS ideal for long-term holding, not active trading.
– **Non-U.S. Investors**: The process is similar, but check with your broker for international transfer specifics. Computershare’s non-U.S. line (+800-3823-3823) is free from landlines in certain countries (e.g., UK, Germany, France).
– **Why DRS?**: Many GameStop investors use DRS to ensure true ownership and reduce shares available for short selling, as shares with brokers can be lent out without your knowledge.
If your broker is unfamiliar with DRS, escalate to a supervisor or trading desk—they should know how to process it. For detailed guides, sites like drsgme.org offer broker-specific instructions. Start by calling your broker today, April 2, 2025, and you could have your shares registered in a couple of weeks!

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