Weiting Feng - Jan 17, 2024 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
Jan 17, 2024
Transactions value $
$0
Form type
4
Date filed
2/6/2024, 09:10 AM
Previous filing
Feb 2, 2023
Next filing
Apr 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GMGI Common Stock Options Exercise +62.5K +2.24% 2.85M Jan 17, 2024 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 -125K -50% $0.00 125K Jan 17, 2024 Common Stock 125K 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 62,500 restricted stock units (RSUs) upon the Issuer meeting a revenue target as of the end of fiscal 2023.
F2 Each RSU represents the contingent right to receive, at settlement, one share of common stock.
F3 The RSUs vest, if at all, at the rate of 62,500 of such RSUs, upon the Issuer meeting certain (1) revenue and (2) EBITDA targets (125,000 total per year), as of the end of fiscal 2022 (vested), 2023 (vested as to 62,500 RSUs) 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.