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
Transactions value $
-$2
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 $2.45M +2.7M +394.04% $0.91 3.39M 16 Sep 2021 Direct
transaction GMGI Common Stock Tax liability -$2.45M -355K -10.49% $6.90 3.03M 16 Sep 2021 Direct F1
holding GMGI Common Stock 7.47M 16 Sep 2021 Through Luxor Capital LLC F2
holding GMGI Series B Voting Preferred Stock 1K 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 -2.7M -100% $0.00* 0 16 Sep 2021 Common Stock 2.7M $0.91 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.