[144] Golden Matrix Group, Inc. SEC Filing

Rhea-AI Filing Summary

Golden Matrix Group, Inc. (GMGI) has submitted a Form 144 disclosing a proposed sale of 50,000 common shares through Oppenheimer & Co., with an aggregate market value of $70,300 and an approximate sale date of 08/25/2025. The filer acquired these shares as compensation on 09/16/2021. The filing lists the issuer's total outstanding common shares as 139,483,065. The notice also reports eight separate common-stock sales by Anthony Brian Goodman during the past three months, each for 50,000 shares, totaling 400,000 shares and gross proceeds of $631,440. The filing includes the standard signature representation regarding lack of undisclosed material information.

Positive

• Disclosure compliance: The filer provided a Form 144 with specific trade and acquisition details, satisfying Rule 144 reporting requirements
• Context on acquisition: The shares offered were acquired as compensation on 09/16/2021, which clarifies the origin of the holdings

Negative

• Insider selling activity: Eight recent sales of 50,000 shares each (total 400,000 shares) occurred in the past three months, raising governance and liquidity questions
• Ongoing dispositions: A proposed additional sale of 50,000 shares is disclosed with an approximate sale date of 08/25/2025

Insights

Financial Analyst

TL;DR: Insider disclosed sale activity: 50,000 shares proposed and 400,000 shares sold recently, modest relative to outstanding shares.

The filing shows a proposed sale of 50,000 common shares and recent aggregate sales of 400,000 shares by Anthony Brian Goodman over eight trades, producing $631,440 in gross proceeds. Against the issuer's reported 139.48 million outstanding shares, the disclosed trades represent a small percentage of the float (under 0.5%). The shares were originally received as compensation on 09/16/2021. This disclosure complies with Rule 144 reporting requirements and provides transparency on insider liquidity, which is useful to investors but not necessarily indicative of company performance.

Corporate Governance Expert

TL;DR: Repeated insider sales are noteworthy for governance monitoring, though not inherently dispositive of firm prospects.

The schedule of eight 50,000-share sales within three months followed by a new proposed 50,000-share sale signals ongoing insider disposition of equity that governance watchers will note. The shares were acquired as compensation, not purchased, which is relevant when assessing insider intentions. While the total sold (~400,000 shares) is small versus 139.48 million shares outstanding, frequency of sales can prompt stakeholder questions about insider liquidity planning and alignment with long-term shareholders. The filing includes the required attestation about absence of undisclosed material information.

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	70300.00	139483065	08/25/2025	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	06/30/2025	50000	87250.00
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	07/14/2025	50000	87150.00
Anthony Brian Goodman 3651 Lindell Rd Las Vegas NV 89103	Common	07/21/2025	50000	81435.00
Anthony Brian Goodman 3651 Lindell Rd Las Vegas NV 89103	Common	07/28/2025	50000	80965.00
Anthony Brian Goodman 3651 Lindell Rd Las Vegas NV 89103	Common	08/04/2025	50000	74710.00
Anthony Brian Goodman 3651 Lindell Rd Las Vegas NV 89103	Common	08/11/2025	50000	67535.00
Anthony Brian Goodman 3651 Lindell Rd Las Vegas NV 89103	Common	08/18/2025	50000	66995.00

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

What does GMGI's Form 144 disclose about proposed sales?

The Form 144 discloses a proposed sale of 50,000 common shares$70,300 and an approximate sale date of 08/25/2025.

How many shares has Anthony Brian Goodman sold recently according to the filing?

The filing lists eight separate sales of 50,000 shares each in the past three months, totaling 400,000 shares with gross proceeds of $631,440.

When were the shares being sold originally acquired?

The shares proposed for sale were acquired as compensation on 09/16/2021 and the filing shows the acquisition date as that same date.

What is the issuer's reported number of outstanding shares?

The Form 144 reports 139,483,065 shares outstanding.

Through which broker will the proposed sale be executed?

The proposed 50,000-share sale is to be executed through Oppenheimer & Co., Inc.