Golden Matrix Group (GMGI) insider logs Dec. 2025 stock sales, RSU vesting and conversion

Rhea-AI Filing Summary

Golden Matrix Group, Inc. reporting person Anthony Brian Goodman, a director, former CEO and more than 10% owner, disclosed several equity transactions in December 2025. He sold 50,000 shares of common stock on December 8 at prices ranging from $0.72 to $0.82 per share and another 50,000 shares on December 15 at prices ranging from $0.78 to $0.83 per share, all under a Rule 10b5-1 trading plan.

On December 12, 2025, 300,000 restricted stock units held by Mr. Goodman vested in full upon his resignation as an officer and director under a Severance and Release Agreement and were settled in shares of common stock. That same day, he converted 1,000 shares of Series B Voting Preferred Stock into 1,000,000 shares of common stock in accordance with the optional conversion terms. Following these transactions, he continued to beneficially own substantial common stock directly and through his wholly owned Luxor Capital LLC.

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).

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)

	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
			Former Director and CEO

3. Date of Earliest Transaction (Month/Day/Year)
12/08/2025

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	12/08/2025		S		50,000	D	$0.74(1)	7,320,483	D(2)
Common Stock	12/12/2025		M		300,000(3)	A	(4)	8,704,079	D(5)
Common Stock	12/12/2025		M(6)		1,000,000	A	(6)	9,704,079	D(5)
Series B Voting Preferred Stock	12/12/2025		M(6)		1,000	D	(6)	0	D(5)
Common Stock	12/15/2025		S		50,000	D	$0.8(8)	7,270,483	D(2)

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
Restricted Stock Unit	(4)	12/12/2025		M			300,000	(7)	(7)	Common Stock	300,000	$0	0	D(5)

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

	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
			Former Director and CEO

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		10% Owner
	Officer (give title below)	X	Other (specify below)
			Greater than 10% filing group

Explanation of Responses:

1. These shares were sold in multiple transactions at prices ranging from $0.72 to $0.82, 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 were sold pursuant to a Rule 10b5-1 trading plan.

2. Shares held by Luxor Capital LLC, which is wholly-owned by Mr. Goodman.

3. Represents the vesting of 300,000 restricted stock units (RSUs) held by Mr. Goodman, which vested in full upon his resignation as an officer and director of the Issuer effective December 12, 2025, pursuant to the terms of that certain Severance and Release Agreement dated November 25, 2025, which RSUs were settled in shares of common stock.

4. Each RSU represented the contingent right to receive, at settlement, one share of common stock.

5. Securities held by Anthony Brian Goodman.

6. On December 12, 2025, Mr. Goodman converted all 1,000 outstanding shares of Series B Voting Preferred Stock of the Issuer which he then held into 1,000,000 shares of common stock (1,000 shares of common stock for each share of Series B Voting Preferred Stock converted), in accordance with the terms of such preferred stock and the optional conversion right set forth therein.

7. The RSUs were to vest, if at all, upon the Issuer meeting certain (1) revenue and (2) Adjusted EBITDA targets as of the end of fiscal 2025. Restricted stock units do not expire; they either vest or are canceled prior to vesting date. The vesting of the RSUs was accelerated as discussed in footnote 3, above.

8. These shares were sold in multiple transactions at prices ranging from $0.78 to $0.83, 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 were sold pursuant to a Rule 10b5-1 trading plan.

Remarks:

	/s/ Anthony Brian Goodman	12/16/2025
	/s/ Anthony Brian Goodman, as Managing Member of Luxor Capital LLC	12/16/2025
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did GMGI reporting person Anthony Brian Goodman disclose in December 2025?

Anthony Brian Goodman disclosed multiple transactions in Golden Matrix Group, Inc. (GMGI) stock. He sold 50,000 common shares on December 8, 2025 and 50,000 common shares on December 15, 2025. He also reported the vesting of 300,000 restricted stock units into common shares and the conversion of 1,000 shares of Series B Voting Preferred Stock into 1,000,000 common shares, all on December 12, 2025.

At what prices were Anthony Brian Goodman’s GMGI share sales executed?

The 50,000 shares sold on December 8, 2025 were executed in multiple transactions at prices ranging from $0.72 to $0.82 per share. The 50,000 shares sold on December 15, 2025 were executed in multiple transactions at prices ranging from $0.78 to $0.83 per share. Both sale blocks were made under a Rule 10b5-1 trading plan.

How many GMGI restricted stock units vested for Anthony Brian Goodman and why?

A total of 300,000 restricted stock units (RSUs) held by Anthony Brian Goodman vested in full on December 12, 2025. The RSUs vested upon his resignation as an officer and director of Golden Matrix Group, Inc. pursuant to a Severance and Release Agreement dated November 25, 2025, and were settled in shares of common stock.

What happened to Anthony Brian Goodman’s Series B Voting Preferred Stock in GMGI?

On December 12, 2025, Anthony Brian Goodman converted all 1,000 outstanding shares of Series B Voting Preferred Stock of Golden Matrix Group, Inc. that he held into 1,000,000 shares of common stock. The conversion was made at a rate of 1,000 common shares for each preferred share, in accordance with the terms and optional conversion right of the Series B Voting Preferred Stock.

What is Anthony Brian Goodman’s relationship to Golden Matrix Group, Inc. (GMGI)?

Anthony Brian Goodman is identified as a director, officer, and former Director and CEO of Golden Matrix Group, Inc. He is also a greater than 10% beneficial owner, including through Luxor Capital LLC, which is wholly owned by him. Separate lines in the filing distinguish shares held by Luxor Capital LLC from those held directly by Mr. Goodman.

Were Anthony Brian Goodman’s GMGI share sales part of a trading plan?

Yes. The filing states that the shares sold on both December 8 and December 15, 2025 were sold pursuant to a Rule 10b5-1 trading plan. The footnotes specify that the reporting person undertakes to provide full information on the number of shares sold at each separate price within the disclosed price ranges upon request.