Thomas E. McChesney - 30 Jan 2023 Form 4 Insider Report for Golden Matrix Group, Inc. (GMGI)

Role
Director
Signature
/s/ Thomas E. McChesney
Issuer symbol
GMGI
Transactions as of
30 Jan 2023
Net transactions value
$0
Form type
4
Filing time
02 Feb 2023, 16:32:07 UTC
Previous filing
20 Sep 2022
Next filing
15 Dec 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 +50,000 +30% 216,397 30 Jan 2023 Direct F1, 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 Restricted Stock Unit Options Exercise $0 +50,000 +100% $0.000000 100,000 30 Jan 2023 Common Stock 50,000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of restricted stock units (RSUs) upon the Issuer meeting certain (1) revenue and (2) EBITDA targets, as of the end of fiscal 2022.
F2 Each RSU represents the contingent right to receive, at settlement, one share of common stock.
F3 The RSUs vest, if all, at the rate of 1/6th of such RSUs (25,000), upon the Issuer meeting certain (1) revenue and (2) EBITDA targets (50,000 per year in total), as of the end of fiscal 2022 (vested), 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.