| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GMGI | Restricted Common Stock | Award | $0 | +100K | $0.00 | 100K | Oct 27, 2022 | Direct | F1, F2, F8 |
| 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 | +300K | $0.00 | 300K | Oct 27, 2022 | Common Stock | 150K | Direct | F2, F3, F4, F8 | ||
| transaction | GMGI | Restricted Stock Unit | Award | $0 | +300K | $0.00 | 300K | Oct 27, 2022 | Common Stock | 150K | Direct | F2, F3, F5, F8 | ||
| transaction | GMGI | Restricted Stock Unit | Other | $0 | -100K | -66.67% | $0.00 | 50K | Nov 1, 2022 | Common Stock | 100K | Direct | F3, F6, F7 |
Aaron Richard Johnston is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | Vests at the rate of 50,000 shares of restricted common stock on November 1, 2022 and 50,000 shares of restricted common stock on February 1, 2023, subject to the reporting person's continued service through the applicable vesting date. Issued under the Issuer's 2022 Equity Incentive Plan. |
| F2 | Issued in consideration for consulting services agreed to be rendered by the Reporting Person. |
| F3 | Each restricted stock unit (RSU) represents the contingent right to receive, at settlement, one share of common stock. |
| F4 | The RSUs vest, if at all, at the rate of 1/4th of such RSUs, upon the Issuer meeting certain (1) revenue and (2) EBITDA targets, as of the end of fiscal 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. |
| F5 | The RSUs vest, if at all, upon the closing of a transaction that, on a pro forma basis, doubles the Issuer's revenues for the fiscal quarter prior to the closing of the acquisition ("Doubling Transaction"), provided that such RSUs shall be terminated and forfeited if such Doubling Transaction does not close prior to November 1, 2023, subject to the Reporting Person's continued service to the Issuer on such date, subject to certain exceptions. Issued under the Issuer's 2022 Equity Incentive Plan. |
| F6 | Previously, the Reporting Person was granted, in consideration for director services rendered, the right to earn up to 150,000 RSUs upon the Issuer meeting certain (1) revenue and (2) EBITDA targets, as of the end of fiscal 2022, 2023 and 2024. Effective on November 1, 2022, in connection with the Reporting Person's resignation as a member of the Board of Directors on such date, the right to earn a total of 100,000 RSUs for 2023 and 2024 as a member of the Board of Directors was terminated and forfeited, provided that as discussed in footnote 4, the Reporting Person was granted similar RSUs on October 27, 2022 in consideration for consulting services. |
| F7 | The remaining 50,000 RSUs vest, if at all, at the rate of 1/2 of such RSUs, upon the Issuer meeting certain (1) revenue and (2) EBITDA targets, as of the end of fiscal 2022, and upon the public disclosure of such operating results in the Issuer's subsequently filed 2022 Annual Report 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. |
| F8 | The restricted common stock and RSUs were granted on October 27, 2022, and effective on November 1, 2022. |