Weiting Feng - Sep 16, 2021 Form 4 Insider Report for Golden Matrix Group, Inc. (GMGI)

Role
Chief Operating Officer, Director
Signature
/s/ Weiting Feng
Stock symbol
GMGI
Transactions as of
Sep 16, 2021
Transactions value $
-$2
Form type
4
Date filed
10/5/2021, 07:01 AM
Previous filing
Mar 21, 2022
Next filing
Sep 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GMGI Common Stock Options Exercise $578K +700K +102.16% $0.83 1.39M Sep 16, 2021 Direct
transaction GMGI Common Stock Tax liability -$578K -83.7K -6.04% $6.90 1.3M Sep 16, 2021 Direct F1

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 -700K -100% $0.00* 0 Sep 16, 2021 Common Stock 700K $0.83 Direct F2
* 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 616,304 shares of common stock on the net exercise of an option to purchase 700,000 shares of common stock. The Issuer withheld 83,696 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 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.