Aleksandar Milovanovic - 19 Sep 2025 Form 4 Insider Report for Golden Matrix Group, Inc. (GMGI)

Role: Member of 10% Reporting Group, 10%+ Owner
Signature: /s/ Aleksandar Milovanovic
Issuer symbol: GMGI
Transactions as of: 19 Sep 2025
Net transactions value: +$99,999
Form type: 4
Filing time: 22 Sep 2025, 19:54:17 UTC
Previous filing: 18 Sep 2025
Next filing: 29 Sep 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Milovanovic Aleksandar	Member of 10% Reporting Group, 10%+ Owner	MERIDIAN TECH D.O.O., BULEVAR MIHAJLA PUPINA 10B, NOVI BEOGRAD, SERBIA	/s/ Aleksandar Milovanovic	22 Sep 2025	0002016463

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GMGI	Common Stock	Other	$99,999	+100,775	+0.12%	$0.9923	85,242,824	19 Sep 2025	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	Post-Closing Cash Consideration Conversion Rights	Conversion of derivative security		-100,000	-50%		100,000	19 Sep 2025	Common Stock			Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	On September 9, 2025, the Reporting Person and the Issuer entered into a Post-Closing Cash Conversion Agreement dated August 29, 2025, pursuant to which: on September 19, 2025, $100,000 of post-closing cash consideration owed to the Reporting Person by the Issuer was converted into 100,775 shares of the Issuer's common stock based on a conversion price equal to the closing sales price of the Issuer's common stock on September 19, 2025.
F2	Excludes shares of common stock relating to the voting group described below under "Remarks".
F3	The Post-Closing Cash Conversion Agreement provides for automatic conversion: on September 26, 2025, of $100,000 of post-closing cash consideration owed to the Reporting Person by the Issuer into shares of common stock of the Issuer based on a conversion price equal to the closing sales price of the Issuer's common stock on September 26, 2025.

Remarks:

By virtue of being party to an Amended and Restated Nominating and Voting Agreement, dated as of January 29, 2025 (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 January 30, 2025.