[144] Golden Matrix Group, Inc. SEC Filing

Rhea-AI Filing Summary

Hagerty, Inc. (HGTY) – Form 144 filing discloses that Robert I. Kauffman, through Aldel LLC, plans to sell 16,897 common shares via Merrill Lynch around 21 Jul 2025. Based on the reported price of $10.12, the transaction’s aggregate market value is $170,998. Hagerty has 90.7 million shares outstanding, so the notice covers only 0.019 % of the float and is non-dilutive because it involves already-issued shares.

Recent insider activity:

• Over the last three months (24 Apr – 18 Jul 2025), the same insider sold approximately 688,047 shares across 55 trades.
• Total gross proceeds from these sales equal roughly $6.8 million, implying an average price near $10 per share.
• Cumulative disposals represent about 0.76 % of outstanding shares, indicating a steady but not controlling reduction in ownership.

The new Form 144 continues this pattern of incremental selling and may signal ongoing liquidity-driven divestment rather than corporate-level action. While the volume is modest relative to float, persistent insider selling can weigh on sentiment and create an overhang for the stock.

Positive

• None.

Negative

• Persistent insider selling: approximately 688 k shares sold in the past three months plus a new 16.9 k-share notice may pressure sentiment.
• Potential supply overhang: frequent Rule 144 sales can create short-term technical resistance despite small percentage of float.

Insights

Securities Analyst

TL;DR: Continues modest insider selling; limited float impact but negative optics.

Rule 144 notices do not dilute equity, yet they reveal the insider’s intention to monetize holdings. Kauffman’s latest 16.9 k-share plan is immaterial alone, but added to 688 k shares already sold ($6.8 m) it evidences a multi-month exit pace of ~0.8 % of O/S. Persistently offered stock can pressure near-term price levels and suggests the insider’s confidence is waning. No operational data accompany the filing, so fundamental outlook is unchanged; however, sentiment risk rises.

Portfolio Manager

TL;DR: Supply overhang building, yet scale remains small vs. float.

The filing adds only 0.02 % to float, unlikely to move markets on volume alone. Still, serial disposals totaling 0.76 % signal a potential overhang if pace persists. Long-only investors may discount the stock until insider activity subsides, while liquidity-oriented traders can absorb the flow. Impact rated slightly negative due to sentiment, not fundamentals.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Oppenheimer & Co, Inc 85 Broad St New York NY 10004	50000	81435.00	138391378	07/21/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/16/2021	Compensation	Issuer			50000	09/16/2021	n/a

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Anthony Brian Goodman 3651 Lindell Rd Las Vegas NV 89103	Common	07/07/2025	50000	85400.00
Anthony Brian Goodman 3651 Lindell Rd Las Vegas NV 89103	Common	06/30/2025	50000	87250.00
Anthony Brian Goodman 3651 Lindell Rd Las vegas NV 89103	Common	07/14/2025	50000	87150.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Hagerty (HGTY) shares are covered by the new Form 144?

The notice covers 16,897 common shares, valued at roughly $171 k.

Who is selling the HGTY shares under Rule 144?

The shares are being sold for the account of Robert I. Kauffman via Aldel LLC.

When is the planned sale date for the Form 144 shares?

The approximate sale date disclosed is 21 July 2025.

How many Hagerty shares has the insider sold in the past three months?

The filing lists about 688,047 shares sold between 24 Apr and 18 Jul 2025.

Will the Form 144 sale dilute existing HGTY shareholders?

No. Rule 144 sales involve already-issued shares; they do not create new shares.