Anthony Brian Goodman - 16 Sep 2021 Form 4 Insider Report for Golden Matrix Group, Inc. (GMGI)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Anthony B. Goodman
Issuer symbol: GMGI
Transactions as of: 16 Sep 2021
Net transactions value: -$2.1
Form type: 4
Filing time: 05 Oct 2021, 07:00:26 UTC
Previous filing: 21 Mar 2022
Next filing: 20 Sep 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GMGI	Common Stock	Options Exercise	$2,450,250	+2,700,000	+394%	$0.9075	3,385,205	16 Sep 2021	Direct
transaction	GMGI	Common Stock	Tax liability	$2,450,252	-355,109	-10%	$6.90	3,030,096	16 Sep 2021	Direct	F1
holding	GMGI	Common Stock						7,470,483	16 Sep 2021	Through Luxor Capital LLC	F2
holding	GMGI	Series B Voting Preferred Stock						1,000	16 Sep 2021	Through Luxor Capital LLC	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GMGI	Stock Option (right to buy)	Options Exercise	$0	-2,700,000	-100%	$0.000000^*	0	16 Sep 2021	Common Stock	2,700,000	$0.9075	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a "net exercise" of outstanding stock options. The reporting person received 2,344,891 shares of common stock on the net exercise of an option to purchase 2,700,000 shares of common stock. The Issuer withheld 355,109 shares of common stock underlying the option in payment of the exercise price, based on the closing sales price of the Issuer's common stock on September 15, 2021, the day immediately prior to the date the option was exercised
F2	Luxor Capital LLC is wholly-owned by Mr. Goodman as such he is deemed to beneficially own the securities held by such entity.
F3	The holder of the shares of the Series B Voting Preferred Stock has the right to vote those shares of the Series B Voting Preferred Stock regarding any matter or action that is required to be submitted to the shareholders of the Issuer for approval. The vote of each share of the Series B Voting Preferred Stock (i.e., each of the 1,000 shares) is equal to and counted as 4 times the votes of all of the shares of the Issuer's other voting shares.
F4	The option vested in three installments, with 33% vesting every six months after the grant date, subject to the Reporting Person's continued performance of services for the Issuer through each vesting date.