Golden Matrix (GMGI) Form 4: Director disposition of 1,500 shares

Rhea-AI Filing Summary

Thomas E. McChesney, a director of Golden Matrix Group, Inc. (GMGI), reported a sale of 1,500 shares of the company’s common stock on 08/13/2025 at prices in the range of $1.34 to $1.41 per share. After the reported disposition, the filing shows the reporting person beneficially owns 278,210 shares, held directly. The Form 4 indicates the sale was recorded under transaction code "S" and includes an explanatory footnote stating the shares were sold in multiple transactions across the stated price range.

Insights

Securities Analyst

TL;DR Director sold a small number of shares; remaining direct holding remains sizeable at 278,210 shares.

The reported 1,500-share sale represents a minor, documented disposition relative to the total beneficial holding reported on the form. The sale prices are provided as a range ($1.34–$1.41) with an explanatory footnote offering to supply the breakdown on request. There is no derivative activity reported and the transaction is coded as an ordinary sale. For investors, this filing is a routine insider transaction disclosure rather than a material corporate event.

Corporate Governance Expert

TL;DR Routine insider sale disclosed by a director; disclosure appears complete with explanatory note on pricing.

The Form 4 identifies the reporting person as a director and provides required details: transaction date, code, number of shares sold, price range, and post-transaction ownership. The inclusion of a footnote offering the per-transaction price breakdown aligns with disclosure completeness norms. No indications of agreements, 10b5-1 plan checkboxes, or derivative transactions are present in the form text provided.

Insider Trade Summary

Net Seller: 1,500 shares ($2,055)

Net Sell 1 txn

Insider MCCHESNEY THOMAS

Role Director

Sold 1,500 shs ($2K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,500	$1.37	$2K

Holdings After Transaction: Common Stock — 278,210 shares (Direct)

Footnotes (1)

1. [object Object]

Form 4 Insider Transactions: What Each Field Means →

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MCCHESNEY THOMAS

(Last) (First) (Middle)

3651 LINDELL RD

SUITE D131

(Street)

LAS VEGAS NV 89103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Golden Matrix Group, Inc. [ GMGI ]

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)
08/13/2025

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	08/13/2025		S		1,500	D	$1.37(1)	278,210	D

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:

1. These shares were sold in multiple transactions at prices ranging from $1.34 to $1.41, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

	/s/ Thomas E. McChesney	08/15/2025
	** 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.