[Form 4] Galaxy Gaming, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Bryan W. Waters, a director of Galaxy Gaming, Inc. (GLXZ), reported an insider purchase on Form 4. On 09/30/2025 he acquired 4,489 shares of Common Stock at a reported price of $2.80 per share. After the transaction he beneficially owned 611,875 shares indirectly through the Bryan and Karen Waters Family Trust. The filing is signed by Mr. Waters on 10/01/2025 and indicates the Form 4 was filed by one reporting person.

Insights

Corporate Governance Expert

TL;DR: A director purchased a small number of shares, increasing indirect holdings via a family trust; not materially transformative.

The reported acquisition by a sitting director signals personal investment alignment with the company, which is generally viewed positively for governance. The transaction is recorded as indirect ownership through a family trust, suggesting the director's ownership is structured rather than held directly. The number of shares purchased (4,489) is modest relative to the total reported beneficial ownership (611,875), so the purchase does not appear to materially change control or influence. Documentation is complete with a dated signature.

Securities Analyst

TL;DR: Insider buy of 4,489 shares at $2.80 is a constructive signal but is small versus existing indirect holdings.

From a market-signaling perspective, insider purchases can be positive, but materiality matters. The acquisition price of $2.80 and the share count are explicitly disclosed. Because the transaction is coded as an acquisition and results in 611,875 shares beneficially owned indirectly, the action shows continued exposure but is unlikely to move valuation or trading activity on its own. All details are clearly reported on the Form 4.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Waters Bryan W.

(Last) (First) (Middle)

6480 CAMERON STREET SUITE 305

(Street)

LAS VEGAS NV 89118

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Galaxy Gaming, Inc. [ GLXZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/30/2025	09/30/2025	A		4,489	A	$2.8	611,875	I	By Bryan and Karen Waters Family Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Bryan W. Waters	10/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Bryan W. Waters report on Form 4 for GLXZ?

He reported acquiring 4,489 shares of Common Stock on 09/30/2025 at $2.80 per share and beneficially owning 611,875 shares indirectly.

When was the Form 4 signed and filed for the GLXZ transaction?

The Form 4 is signed by Bryan W. Waters on 10/01/2025 and lists the transaction date as 09/30/2025.

How does Bryan Waters hold his GLXZ shares?

The filing states the shares are held indirectly through the Bryan and Karen Waters Family Trust.

What price did the insider pay for GLXZ shares?

The reported purchase price is $2.80 per share.

Is this Form 4 filed by multiple reporting persons?

No. The form indicates it was filed by one reporting person.