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[Form 4] Golden Matrix Group, Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Golden Matrix Group, Inc. (GMGI) – Form 4 filing dated 08/06/25 discloses that CEO, Chairman and 10% owner Anthony Brian Goodman sold 50,000 common shares on 08/04/25 at a volume-weighted average price of $1.49 (range $1.46-$1.54). Following the sale, Mr. Goodman now holds 8,604,079 shares directly.

Separately, Goodman wholly owns Luxor Capital LLC, which continues to hold 7,470,483 shares indirectly. No derivative security activity was reported. The filing was made jointly by Goodman and Luxor Capital.

While the transaction represents a modest reduction—roughly 0.3% of Goodman’s combined direct and indirect position (≈16.1 million shares)—it signals limited but noteworthy insider selling by the company’s top executive.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: CEO sells 50k shares (~$75k); retains >16 M shares—minor, but insider selling often perceived cautiously.

The 50,000-share sale is immaterial relative to Goodman’s overall stake and GMGI’s float, yet any CEO-level disposition can influence sentiment, especially for micro-cap stocks. The price range ($1.46-$1.54) roughly matches recent market levels, suggesting opportunistic liquidity rather than valuation commentary. No derivatives exercised; ownership structure unchanged. Overall, impact is modestly negative given signal value, but fundamentals remain unaffected.

TL;DR: Small trim keeps insider alignment high; minimal portfolio relevance unless liquidity is thin.

From a portfolio construction view, the transaction is negligible: ≈$75k vs. GMGI’s market cap. Goodman’s continued >50% ownership maintains strong alignment. Unless followed by larger sales or broader insider trend, I view the event as signal-light. Liquidity watchers should note potential incremental float increase.

Insider Goodman Anthony Brian, Luxor Capital LLC
Role Chief Executive Officer | 10% Owner
Sold 50,000 shs ($75K)
Type Security Shares Price Value
Sale Common Stock 50,000 $1.49 $75K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 8,604,079 shares (Direct)
Footnotes (1)
  1. These shares were sold in multiple transactions at prices ranging from $1.46 to $1.54, 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 Shares held by Luxor Capital LLC, which is wholly-owned by Mr. Goodman.
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).
X
 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*
Goodman Anthony Brian
(Last) (First) (Middle)
3651 LINDELL RD STE 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 X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/04/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X 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 08/04/2025 S 50,000 D $1.49(1) 8,604,079 D
Common Stock 7,470,483(2) 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
1. Name and Address of Reporting Person*
Goodman Anthony Brian
(Last) (First) (Middle)
3651 LINDELL RD STE D131
(Street)
LAS VEGAS NV 89103
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
1. Name and Address of Reporting Person*
Luxor Capital LLC
(Last) (First) (Middle)
3651 LINDELL RD STE D131
(Street)
LAS VEGAS NV 89103
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. These shares were sold in multiple transactions at prices ranging from $1.46 to $1.54, 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
2. Shares held by Luxor Capital LLC, which is wholly-owned by Mr. Goodman.
Remarks:
/s/ Anthony Brian Goodman 08/06/2025
/s/ Anthony Brian Goodman, as Managing Member of Luxor Capital LLC 08/06/2025
** 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.

Source: View Original Filing on SEC EDGAR