Zoran Milosevic - Oct 14, 2024 Form 4 Insider Report for Golden Matrix Group, Inc. (GMGI)

Role: CEO of Meridian Subsidiaries, Member of 10% Reporting Group, 10%+ Owner
Signature: /s/ Zoran Milosevic
Stock symbol: GMGI
Transactions as of: Oct 14, 2024
Transactions value $: $1,500,000
Form type: 4
Date filed: 10/15/2024, 08:01 AM
Previous filing: Oct 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GMGI	Common Stock	Award	$1.5M	+500K	+6.05%	$3.00	8.76M	Oct 14, 2024	Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of the Issuer's common stock issued to the Reporting Person as post-closing contingent consideration due pursuant to the terms of that certain Amended and Restated Sale and Purchase Agreement of Share Capital between the Issuer and certain sellers, including the Reporting Person, dated June 27, 2023, as amended from time to time (the "Purchase Agreement").
F2	Represents the agreed value of the shares pursuant to the terms of the Purchase Agreement.
F3	Excludes shares of common stock relating to the voting group described below under "Remarks".

Remarks:

By virtue of being party to a Nominating and Voting Agreement, dated as of April 9, 2024 (the "Voting Agreement"), the Reporting Person, may be deemed to be a member of a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), with respect to the securities reported herein, with the other parties who are bound by the Voting Agreement and their control persons, which such "group" beneficially owns, in the aggregate, more than 10% of the outstanding shares of common stock of the Issuer. The parties to the Voting Agreement are the Issuer, Anthony Brian Goodman, the Issuer's Chief Executive Officer and director, Luxor Capital LLC, which is owned and controlled by Mr. Goodman, Aleksandar Milovanovic, Zoran Milosevic, and Snezana Bozovic. The Reporting Person disclaims beneficial ownership of any securities owned by any of the other signatories to the Voting Agreement (and/or their control persons) and the filing of this Form 4 shall not be deemed an admission, for purposes of Section 16 of the Exchange Act or otherwise, that the Reporting Person and any other person or persons constitute a "group" for purposes of Section 13(d)(3) of the Exchange Act or Rule 13d-5 thereunder. In addition, the Reporting Person does not have any pecuniary interest in any of the securities beneficially owned by any of the other signatories to the Voting Agreement (and/or their control persons). For a description of the Voting Agreement, see the Current Report on Form 8-K filed by the Issuer with the United States Securities and Exchange Commission on April 9, 2024.