[144] Golden Matrix Group, Inc. SEC Filing
Form 144 filed for Golden Matrix Group, Inc. (GMGI) reports a proposed sale of 50,000 common shares on or about 08/18/2025 through Oppenheimer & Co., with an aggregate market value listed as $66,995. The filer indicates the shares were acquired as compensation on 09/16/2021. The filing also discloses multiple recent secondary-market sales by the same person during the past three months: seven separate sales of 50,000 shares each between 06/30/2025 and 08/11/2025, generating gross proceeds ranging from $67,535 to $87,150 per trade. Outstanding shares are listed as 139,483,065. The filer affirms no undisclosed material adverse information.
- Disclosure is complete for a Rule 144 notice: broker, acquisition date, planned sale date, and amount are provided.
- Insider selling pattern: multiple recent sales of 50,000 shares each over the last two months may be viewed negatively by some investors.
Insights
TL;DR: Routine insider disposition of a modest block; multiple recent sales suggest ongoing liquidity needs rather than corporate event.
The filing shows a proposed sale of 50,000 common shares (~0.036% of outstanding shares) and documents a pattern of seven prior 50,000-share dispositions over the past six weeks. The shares were granted as compensation in 2021, so these are not recent acquisitions. The trade sizes are small relative to total float, making this unlikely to materially affect market capitalization. Investors should view this as an insider selling pattern rather than an operational signal from company disclosures.
TL;DR: Form 144 appears complete for a Rule 144 notice; no red flags in the filing mechanics.
The notice identifies the broker, planned sale date, acquisition date, and that the securities were received as compensation — consistent with Rule 144 disclosure requirements. The filer certifies lack of undisclosed material adverse information. There is no indication of a 10b5-1 plan date on the face of the form. From a compliance perspective the document contains required fields; regulators would likely accept it as a routine notification of proposed resale.