Anthony Brian Goodman - 01 Dec 2022 Form 4 Insider Report for Golden Matrix Group, Inc. (GMGI)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Anthony Brian Goodman
Issuer symbol
GMGI
Transactions as of
01 Dec 2022
Transactions value $
$0
Form type
4
Filing time
05 Dec 2022, 14:25:29 UTC
Previous filing
20 Sep 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
transaction GMGI Common Stock Options Exercise $356K +5.4M +178.21% $0.07* 8.43M 01 Dec 2022 Direct
transaction GMGI Common Stock Tax liability -$356K -151K -1.79% $2.36 8.28M 01 Dec 2022 Direct F1
holding GMGI Common Stock 7.47M 01 Dec 2022 Through Luxor Capital LLC F2

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 -5.4M -100% $0.00* 0 01 Dec 2022 Common Stock 5.4M $0.07 Direct F3
* 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 5,248,983 shares of common stock on the net exercise of an option to purchase 5,400,000 shares of common stock. The Issuer withheld 151,017 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 December 1, 2022, the day 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 Previously vested.