Thomas E. McChesney - 26 Mar 2025 Form 4/A - Amendment Insider Report for Golden Matrix Group, Inc. (GMGI)

Role
Director
Signature
/s/ Thomas E. McChesney
Issuer symbol
GMGI
Transactions as of
26 Mar 2025
Net transactions value
-$26,173
Form type
4/A - Amendment
Filing time
31 Mar 2025, 20:20:21 UTC
Date Of Original Report
28 Mar 2025
Previous filing
26 Mar 2025
Next filing
11 Jun 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GMGI Common Stock Sale $15,900 -7,500 -2.7% $2.12 271,897 26 Mar 2025 Direct F1
transaction GMGI Common Stock Options Exercise $47,700 +60,000 +22% $0.7950 331,897 26 Mar 2025 Direct
transaction GMGI Common Stock Tax liability $47,702 -22,187 -6.7% $2.15 309,710 26 Mar 2025 Direct F2
transaction GMGI Common Stock Sale $547 -257 -0.08% $2.13 309,453 27 Mar 2025 Direct F5, F6
transaction GMGI Common Stock Sale $9,723 -4,743 -1.5% $2.05 304,710 28 Mar 2025 Direct F7

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 -60,000 -100% $0.000000 0 26 Mar 2025 Common Stock 60,000 $0.7950 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were sold in multiple transactions at prices ranging from $2.09 to $2.15, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 Represents a "net exercise" of outstanding stock options. The reporting person received 37,813 shares of common stock on the net exercise of an option to purchase 60,000 shares of common stock. The Issuer withheld 22,187 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 March 26, 2025, the date the option was exercised.
F3 The option vests in three installments as follows: 50% on July 27, 2020, 25% on October 27, 2020 and 25% on January 27, 2021, subject to the Reporting Person's continued performance of services for the Issuer through each vesting date.
F4 Issued in consideration for services to be rendered as a member of the Board of Directors of the Issuer. Granted under the issuer's 2018 Equity Incentive Plan. Exempt pursuant to Rule 16b3(d).
F5 These shares were sold in multiple transactions at prices ranging from $2.10 to $2.15, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 This Form 4 amendment corrects an administrative error in the original Form 4 filed on March 28, 2025. The original filing incorrectly stated the transaction date as March 28, 2025, whereas the correct date is March 27, 2025.
F7 The original Form 4 filed on March 28, 2025 is being amended by this Form 4 amendment to correct an administrative error, which failed to include the sale of an additional 4,743 shares of common stock on March 28, 2025, as referenced herein. As a result of this administrative error, the number of shares beneficially owned by the reporting person have also been corrected (to the extent required) to include such additional shares of common stock sold.