Golden Matrix (GMGI) Director Reduces Stake to 273,210 Shares

Rhea-AI Filing Summary

Golden Matrix Group, Inc. (GMGI) director Thomas E. McChesney reported a sale of common stock on 08/18/2025. The Form 4 shows Mr. McChesney disposed of 5,000 shares at prices ranging from $1.40 to $1.42, reducing his beneficial ownership to 273,210 shares. The filing is submitted individually by the reporting person and is signed on 08/20/2025. The footnote notes the shares were sold in multiple transactions within the stated price range and offers to provide a breakdown on request.

Positive

• Timely and complete disclosure of the insider sale with signature and explanatory footnote
• Reporting person retains a substantial stake of 273,210 shares after the transaction

Negative

• Director disposed of shares (5,000 shares), which may be viewed unfavorably by some investors

Insights

Financial Analyst

TL;DR: Routine insider sale by a director; size appears modest relative to total holdings.

The Form 4 discloses a 5,000-share disposition by a director at $1.40–$1.42 per share, leaving 273,210 shares beneficially owned. This is a factual, single-day sale reported under Section 16 and does not by itself indicate a change in company fundamentals. The disclosure is timely and includes a footnote clarifying multiple trade prices within a tight range, which supports transparency about execution prices.

Corporate Governance Expert

TL;DR: Compliance appears in order; sale was disclosed promptly and signed.

The filing identifies the reporting person as a director and shows an individual Form 4 filing with signature dated 08/20/2025. The report includes the required explanatory footnote about price ranges and an undertaking to provide further details on request. From a governance perspective, the form meets Section 16 disclosure requirements and contains the necessary information for shareholders to understand the transaction.

Insider Trade Summary

Net Seller: 5,000 shares

Net Sell 1 txn

Insider MCCHESNEY THOMAS

Role Director

Sold 5,000 shs ($7K)

Type	Security	Shares	Price	Value
Sale	Common Stock	5,000	$1.41	$7K

Holdings After Transaction: Common Stock — 273,210 shares (Direct)

Footnotes (1)

1. F1. These shares were sold in multiple transactions at prices ranging from $1.40 to $1.42, 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.

FAQ

What transaction did Thomas E. McChesney report on Form 4 for GMGI?

He reported the sale of 5,000 shares of Golden Matrix Group common stock on 08/18/2025 at prices ranging from $1.40 to $1.42.

How many GMGI shares does the reporting person own after the sale?

The Form 4 shows 273,210 shares beneficially owned following the reported transaction.

Was the Form 4 filed individually or jointly for GMGI?

The filing indicates it was a Form filed by one reporting person (individual filing).

Did the Form 4 include any explanatory notes about the transaction prices?

Yes. A footnote states the shares were sold in multiple transactions at prices ranging from $1.40 to $1.42 and offers to provide details on the number of shares sold at each price upon request.

Who is the reporting person and what is their relationship to GMGI?

The reporting person is Thomas E. McChesney, identified as a director of Golden Matrix Group, Inc.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 08/20/2025 - 04:05 PM Learn about SEC filing dates

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

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		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

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	08/18/2025		S		5,000	D	$1.41(1)	273,210	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 $1.40 to $1.42, 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	08/20/2025
	** 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.