[Form 4] Golden Matrix Group, Inc. Insider Trading Activity
Richard Christensen, the Chief Financial Officer of Golden Matrix Group, Inc. (GMGI), reported acquiring common stock on 08/11/2025, increasing his direct holdings to 40,000 shares after the purchases. The Form 4 lists an aggregate acquisition of 30,000 shares on that date with a representative price shown as $1.39. A footnote clarifies the purchases occurred in multiple transactions at prices ranging from $1.36 to $1.42 and that the reporting person will provide breakdowns upon request.
The filing shows no derivative securities reported and identifies the transaction with code P, indicating a purchase; beneficial ownership is shown as direct.
- CFO Richard Christensen purchased 30,000 common shares, indicating an insider buying activity.
- Reported beneficial ownership increased to 40,000 shares held directly after the transaction.
- Purchase price disclosure includes a representative price of $1.39 and a footnote price range of $1.36–$1.42, with an offer to provide detailed breakdowns on request.
- No derivative securities were reported in Table II, leaving the disclosure focused on straightforward equity purchases.
- None.
Insights
TL;DR: CFO purchased 30,000 GMGI shares, raising direct holdings to 40,000—small absolute size but a clear insider purchase signal.
The Form 4 documents a direct purchase of 30,000 common shares on 08/11/2025 with a representative price of $1.39 and an explicit price range of $1.36–$1.42 for multiple transactions. The increase to 40,000 shares of direct beneficial ownership is verifiable and there are no reported derivative positions. While the position size appears modest in isolation, the transaction is an unequivocal insider purchase disclosed under Section 16 and therefore a transparent, positive data point for investors assessing insider alignment with shareholders.
TL;DR: Form 4 appears complete and compliant, with a footnote offering additional pricing detail on request; no governance red flags in disclosed fields.
The filing identifies Richard Christensen as an officer (CFO) and reports a non-derivative acquisition using transaction code P. The footnote provides a price range and a commitment to supply granular pricing on request, which supports transparency. Table II lists no derivative transactions. The form is filed by one reporting person and contains the required disclosure elements for a Section 16 insider purchase; the submission appears routine from a compliance perspective.