Golden Matrix (GMGI) Insider Sale: McChesney Disposes of 5,000 Shares

Rhea-AI Filing Summary

Thomas McChesney, a director of Golden Matrix Group (GMGI), reported a sale of 5,000 common shares on 08/11/2025 at a price of $1.36 per share. After the transaction he beneficially owned 279,710 shares. The filing shows no derivative securities reported. The filing records a modest reduction in his holdings while leaving him with a substantial direct stake in the company.

Positive

• Continued substantial ownership: retains 279,710 shares following the transaction
• Clear disclosure: Form 4 reports the sale and shows no derivative securities outstanding for the reporting person

Negative

• Insider sale reported: disposed of 5,000 shares at $1.36 on 08/11/2025

Insights

Financial Analyst

TL;DR: Director sold 5,000 shares, reducing holdings to 279,710; the trade is small relative to his prior stake.

The reported sale of 5,000 shares at $1.36 reduces Mr. McChesney's position from 284,710 to 279,710 shares, representing roughly a ~1.8% reduction of his pre-transaction holdings. This size of sale is unlikely to be materially market-moving for GMGI given the absolute share count disclosed. No derivative securities are listed, so reported ownership remains straightforward direct equity.

Corporate Governance Expert

TL;DR: Form 4 disclosure is clear: an open-market or similar sale was reported and direct ownership remains sizable.

The submission identifies Mr. McChesney as a director and reports the disposition with transaction code indicated as a sale. The form also indicates continued direct beneficial ownership of 279,710 shares and shows no derivative holdings in Table II. From a governance and disclosure perspective, the report provides the essential facts investors and regulators expect for insider transactions.

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 ROAD,

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)
08/11/2025

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	08/11/2025		S		5,000	D	$1.36	279,710	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:

Remarks:

	/s/ Thomas E. McChesney	08/13/2025
	** 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.

FAQ

What transaction did the GMGI Form 4 report for Thomas McChesney?

The Form 4 reports a sale of 5,000 common shares at $1.36 per share on 08/11/2025.

How many GMGI shares does Thomas McChesney own after the reported transaction?

He beneficially owns 279,710 shares following the reported sale.

What is Thomas McChesney's role at Golden Matrix Group (GMGI)?

The filing identifies him as a Director of Golden Matrix Group, Inc.

Were any derivative securities (options, warrants, convertible instruments) reported for the reporting person?

No derivative securities are listed in Table II; the filing shows only a non-derivative common stock sale.

What was the implied proceeds from the reported sale on the Form 4?

The sale of 5,000 shares at $1.36 implies gross proceeds of $6,800.