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[144] Golden Matrix Group, Inc. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144
Rhea-AI Filing Summary

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.

Positive
  • Disclosure is complete for a Rule 144 notice: broker, acquisition date, planned sale date, and amount are provided.
Negative
  • 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.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

What does the GMGI Form 144 disclose about the planned sale?

The filing discloses a proposed sale of 50,000 common shares on or about 08/18/2025 through Oppenheimer & Co., with an aggregate market value of $66,995.

How many shares has the filer recently sold for GMGI?

The filer completed seven sales of 50,000 shares each between 06/30/2025 and 08/11/2025, totaling 350,000 shares sold in the past three months.

When were the shares being sold originally acquired?

The shares to be sold were acquired as compensation on 09/16/2021 according to the filing.

How large is the intended sale relative to outstanding shares of GMGI?

The proposed 50,000-share sale represents approximately 0.036% of the reported 139,483,065 outstanding shares.

Does the filing indicate any undisclosed material information?

The filer signs a representation stating they do not know of any material adverse information about the issuer that has not been publicly disclosed.
Golden Matrix

NASDAQ:GMGI

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143.13M
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0.87%
Electronic Gaming & Multimedia
Services-prepackaged Software
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United States
LAS VEGAS