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

Rhea-AI Filing Summary

Anthony Brian Goodman, who is listed as Chief Executive Officer, a director and a 10% owner of Golden Matrix Group, Inc. (GMGI), reported a sale of 50,000 shares of the issuer's common stock on 09/02/2025. The Form 4 lists a single aggregated sale with a reported price of $1.05 and a footnote stating the shares were sold in multiple transactions at prices ranging from $0.98 to $1.26. After the reported transaction, the filing shows Mr. Goodman as beneficially owning 8,404,079 shares (direct). The filing also shows Luxor Capital LLC, which the form identifies as wholly owned by Mr. Goodman, holding 7,470,483 shares (indirect). The document is a routine Section 16 disclosure of insider transactions and beneficial ownership.

Positive

• Continued substantial insider ownership: Mr. Goodman is reported to beneficially own 8,404,079 shares directly and Luxor Capital LLC holds 7,470,483 shares.
• Transparent disclosure: The filing includes a footnote specifying the actual sale price range ($0.98 to $1.26) and offers to provide detailed allocation on request.

Negative

• Insider disposition: Mr. Goodman sold 50,000 shares on 09/02/2025, which may be viewed negatively by some investors despite being a small proportion of total holdings.

Insights

Corporate Governance Expert

TL;DR: Routine insider sale disclosed; CEO remains a significant shareholder through direct holdings and a wholly-owned investment vehicle.

The Form 4 documents a small-scale disposition by the CEO and 10% owner, Anthony Brian Goodman, totaling 50,000 shares sold across multiple trades at prices between $0.98 and $1.26. Such disclosures are standard Section 16 reporting that provide transparency about insider activity. Importantly, the filing shows continued substantial ownership: 8,404,079 shares held directly by Mr. Goodman and 7,470,483 shares held by Luxor Capital LLC, which the filing identifies as wholly owned by him. From a governance standpoint, sustained high insider ownership aligns management incentives with shareholders, while isolated sales of relatively modest size are common and do not, by themselves, indicate governance concerns.

Securities Analyst

TL;DR: Insider sale disclosed; transaction size is small relative to reported holdings, limiting likely market impact.

The filing reports a sale code 'S' for 50,000 common shares by Mr. Goodman on 09/02/2025, with an indicated price of $1.05 and a footnote revealing a price range of $0.98 to $1.26 across multiple transactions. Given the reported direct beneficial ownership of 8,404,079 shares and indirect holdings of 7,470,483 shares via Luxor Capital LLC, the sale represents a minor fraction of total insider holdings. For investors focused on share supply and insider alignment, this report is informative but appears immaterial to valuation absent additional transactions or disclosures.

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

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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^*

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)
09/02/2025

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	09/02/2025		S		50,000	D	$1.05(1)	8,404,079	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 $0.98 to $1.26, 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	09/05/2025
	/s/ Anthony Brian Goodman, as Managing Member of Luxor Capital LLC	09/05/2025
	** 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).
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FAQ

What did GMGI insider Anthony Brian Goodman report on Form 4?

The Form 4 reports that Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group, Inc. common stock on 09/02/2025, with reported prices ranging from $0.98 to $1.26.

How many GMGI shares does Anthony Goodman beneficially own after the transaction?

The filing shows Mr. Goodman beneficially owns 8,404,079 shares directly after the reported sale.

What is Luxor Capital LLC’s relationship to Anthony Goodman and GMGI holdings?

The Form 4 states that Luxor Capital LLC is wholly owned by Mr. Goodman and holds 7,470,483 shares of GMGI representing indirect beneficial ownership.

Were the 50,000 shares sold at a single price?

No; the filing footnote discloses the shares were sold in multiple transactions at prices ranging from $0.98 to $1.26, with an aggregated price entry of $1.05 on the form.

Does this Form 4 indicate a change in control or a major transaction for GMGI?

No. The filing discloses an insider sale of 50,000 shares but shows Mr. Goodman retains substantial direct and indirect holdings; the form does not state any change in control.