Key facts
- This page summarizes Aaron Richard Johnston's Form 4 filing for Golden Matrix Group, Inc. (GMGI).
- 4 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 14 Nov 2022, 12:50.
Aaron Richard Johnston - 27 Oct 2022 Form 4 Insider Report for Golden Matrix Group, Inc. (GMGI)
- Reporting relationship
- Former Director
- Issuer ticker
- GMGI
- Reported as of
- 27 Oct 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 14 Nov 2022, 12:50:32 UTC
- Prior SEC filing
- 20 Sep 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Aaron Richard Johnston
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Aaron Richard Johnston filed Form 4 for Golden Matrix Group, Inc. (GMGI) on 14 Nov 2022.
Change
- Previous filing in this sequence was filed on 20 Sep 2022.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
GMGI
transaction
Restricted Common Stock
Award
- Transaction value
- $0
- Shares
- +100,000
- Change %
- Price
- $0.000000
- Shares after
- 100,000
- Date
- 27 Oct 2022
- Ownership
- Direct
- Footnotes
- F1, F2, F8
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
GMGI
transaction
Derivative
Restricted Stock Unit
Award
- Transaction value
- $0
- Shares
- +300,000
- Change %
- Price
- $0.000000
- Shares after
- 300,000
- Date
- 27 Oct 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 150,000
- Exercise price
- Footnotes
- F2, F3, F4, F8
GMGI
transaction
Derivative
Restricted Stock Unit
Award
- Transaction value
- $0
- Shares
- +300,000
- Change %
- Price
- $0.000000
- Shares after
- 300,000
- Date
- 27 Oct 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 150,000
- Exercise price
- Footnotes
- F2, F3, F5, F8
GMGI
transaction
Derivative
Restricted Stock Unit
Other
- Transaction value
- $0
- Shares
- -100,000
- Change %
- -67%
- Price
- $0.000000
- Shares after
- 50,000
- Date
- 01 Nov 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 100,000
- Exercise price
- Footnotes
- F3, F6, F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Aaron Richard Johnston is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 8 footnotes
Footnote F1
Vests at the rate of 50,000 shares of restricted common stock on November 1, 2022 and 50,000 shares of restricted common stock on February 1, 2023, subject to the reporting person's continued service through the applicable vesting date. Issued under the Issuer's 2022 Equity Incentive Plan.
Footnote F2
Issued in consideration for consulting services agreed to be rendered by the Reporting Person.
Footnote F3
Each restricted stock unit (RSU) represents the contingent right to receive, at settlement, one share of common stock.
Footnote F4
The RSUs vest, if at all, at the rate of 1/4th of such RSUs, upon the Issuer meeting certain (1) revenue and (2) EBITDA targets, as of the end of fiscal 2023 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.
Footnote F5
The RSUs vest, if at all, upon the closing of a transaction that, on a pro forma basis, doubles the Issuer's revenues for the fiscal quarter prior to the closing of the acquisition ("Doubling Transaction"), provided that such RSUs shall be terminated and forfeited if such Doubling Transaction does not close prior to November 1, 2023, subject to the Reporting Person's continued service to the Issuer on such date, subject to certain exceptions. Issued under the Issuer's 2022 Equity Incentive Plan.
Footnote F6
Previously, the Reporting Person was granted, in consideration for director services rendered, the right to earn up to 150,000 RSUs upon the Issuer meeting certain (1) revenue and (2) EBITDA targets, as of the end of fiscal 2022, 2023 and 2024. Effective on November 1, 2022, in connection with the Reporting Person's resignation as a member of the Board of Directors on such date, the right to earn a total of 100,000 RSUs for 2023 and 2024 as a member of the Board of Directors was terminated and forfeited, provided that as discussed in footnote 4, the Reporting Person was granted similar RSUs on October 27, 2022 in consideration for consulting services.
Footnote F7
The remaining 50,000 RSUs vest, if at all, at the rate of 1/2 of such RSUs, upon the Issuer meeting certain (1) revenue and (2) EBITDA targets, as of the end of fiscal 2022, and upon the public disclosure of such operating results in the Issuer's subsequently filed 2022 Annual Report 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.
Footnote F8
The restricted common stock and RSUs were granted on October 27, 2022, and effective on November 1, 2022.