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

Rhea-AI Filing Summary

Form 4 filing overview: On 07/07/2025, Golden Matrix Group, Inc. (GMGI) Chief Executive Officer, Director and 10% owner Anthony Brian Goodman reported the sale of 50,000 shares of GMGI common stock at an average price of ≈ $1.71 per share (transaction prices ranged from $1.68-$1.74).

Following the transaction the insider’s reported holdings are:

• Direct ownership: 8,804,079 common shares
• Indirect ownership: 7,470,483 common shares held through wholly-owned Luxor Capital LLC

The combined beneficial stake disclosed in this filing therefore remains sizeable at roughly 16.3 million shares, indicating that the sale represents ≈ 0.31 % of Mr. Goodman’s total reported position.

No derivative security activity was reported in Table II. The filing does not reference any Rule 10b5-1 trading plan, and the shares were sold in open-market transactions. No earnings or operational data accompany the filing.

Positive

• Insider retains a substantial ownership position of approximately 16.3 million shares, preserving alignment with minority shareholders.

Negative

• Open-market sale of 50,000 shares by the CEO could be perceived as a mild negative signal, albeit only 0.3 % of his total stake.

Insights

Financial Analyst

TL;DR: CEO sold 50k shares (0.3 % of stake); retains large holding; modestly negative sentiment but limited impact.

Insider sales can signal management’s view on valuation or liquidity needs. Here the quantum—50,000 shares versus >16 million still held—is small, equating to roughly $85k in proceeds. Mr. Goodman remains a major shareholder, so governance alignment remains largely intact. The absence of a disclosed 10b5-1 plan suggests the sale was discretionary, which may draw short-term attention, but the minimal percentage sold tempers concerns. From a portfolio perspective, the filing is not materially impactful to GMGI’s fundamental outlook, yet may create short-lived sentiment pressure.

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)
07/07/2025

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	07/07/2025		S		50,000	D	$1.71(1)	8,804,079	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 $1.68 to $1.74, 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	07/09/2025
	/s/ Anthony Brian Goodman, as Managing Member of Luxor Capital LLC	07/09/2025
	** 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

How many GMGI shares did CEO Anthony Goodman sell?

He sold 50,000 shares of Golden Matrix Group common stock on 07/07/2025.

At what price were the GMGI shares sold?

The shares were sold at prices ranging from $1.68 to $1.74, with an average reported price of about $1.71.

How many GMGI shares does the insider still own after the sale?

Mr. Goodman reports 8,804,079 shares held directly and 7,470,483 shares held indirectly through Luxor Capital LLC.

Did the filing disclose any derivative transactions?

No. Table II shows no derivative securities acquired or disposed of during the period.

Is the sale part of a 10b5-1 trading plan?

The Form 4 does not check the 10b5-1 box, indicating the sale was not executed under a pre-arranged trading plan.