Thomas E. McChesney - 16 Sep 2022 Form 4 Insider Report for Golden Matrix Group, Inc. (GMGI)

Role: Director
Signature: /s/ Thomas E. McChesney
Issuer symbol: GMGI
Transactions as of: 16 Sep 2022
Net transactions value: $0
Form type: 4
Filing time: 20 Sep 2022, 09:22:03 UTC
Previous filing: 27 Jun 2022
Next filing: 02 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GMGI	Common Stock						166,397	16 Sep 2022	Direct

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	Restricted Stock Unit	Award	$0	+150,000		$0.000000	150,000	16 Sep 2022	Common Stock	150,000		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit (RSU) represents the contingent right to receive, at settlement, one share of common stock.
F2	The RSUs vest, if all, at the rate of 1/6th of such RSUs, upon the Issuer meeting certain (1) revenue and (2) EBITDA targets, as of the end of fiscal 2022, 2023 and 2024, and upon the public disclosure of such operating results in the Issuer's subsequently filed Annual Reports on Form 10-K, subject to the reporting person's continued service through the applicable vesting date. Restricted stock units do not expire; they either vest or are canceled prior to vesting date. Issued under the Issuer's 2022 Equity Incentive Plan.

Content

Each restricted stock unit (RSU) represents the contingent right to receive, at settlement, one share of common stock.

The RSUs vest, if all, at the rate of 1/6th of such RSUs, upon the Issuer meeting certain (1) revenue and (2) EBITDA targets, as of the end of fiscal 2022, 2023 and 2024, and upon the public disclosure of such operating results in the Issuer's subsequently filed Annual Reports on Form 10-K, subject to the reporting person's continued service through the applicable vesting date. Restricted stock units do not expire; they either vest or are canceled prior to vesting date. Issued under the Issuer's 2022 Equity Incentive Plan.