Anthony Brian Goodman - Jan 17, 2024 Form 4 Insider Report for Golden Matrix Group, Inc. (GMGI)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Anthony Brian Goodman
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
May 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GMGI Common Stock Options Exercise +125K +1.47% 8.65M Jan 17, 2024 Direct F1, F2
holding GMGI Common Stock 7.47M Jan 17, 2024 Through Luxor Capital LLC F3

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 -250K -50% $0.00 250K Jan 17, 2024 Common Stock 250K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents the vesting of 125,000 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 Luxor Capital LLC is wholly-owned by Mr. Goodman, as such he is deemed to beneficially own the securities held by such entity.
F4 The RSUs vest, if at all, at the rate of 125,000 of such RSUs, upon the Issuer meeting certain (1) revenue and (2) EBITDA targets (250,000 total per year), as of the end of fiscal 2022 (vested), 2023 (vested as to 125,000 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.