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

Rhea-AI Filing Summary

Anthony Brian Goodman, who serves as Chief Executive Officer and is a director and 10% owner of Golden Matrix Group, Inc. (GMGI), reported selling 50,000 shares of the issuer's common stock on 08/25/2025 at prices ranging from $1.30 to $1.54. After the sale, Mr. Goodman directly beneficially owned 8,454,079 shares. Separately, Luxor Capital LLC, a vehicle wholly owned by Mr. Goodman, holds 7,470,483 shares; those shares are reported as indirect beneficial ownership. The Form 4 discloses that the shares were sold across multiple transactions within the stated price range and that the reporting person can provide a breakdown of quantities sold at each price upon request.

Insights

Corporate Governance Expert

TL;DR: Insider sale of a modest block while retaining substantial direct and indirect ownership; routine disclosure but raises typical governance questions.

The filing documents an open-market sale by the CEO and significant shareholder, Anthony Goodman, of 50,000 common shares on 08/25/2025 at prices between $1.30 and $1.54. The report makes clear Mr. Goodman maintains large residual stakes: 8.45 million shares directly and 7.47 million held indirectly through Luxor Capital LLC. From a governance perspective, this is a routine Section 16 disclosure of insider selling rather than an event indicating loss of control or abandonment of ownership. The disclosure that sales occurred at multiple prices within a range and the offer to provide detailed breakdowns demonstrates compliance and transparency. Materiality is limited given the large remaining holdings relative to the transaction size.

Securities/Market Analyst

TL;DR: Small-scale insider disposition relative to reported holdings; transactional detail aids market transparency.

The Form 4 shows a one-day disposition of 50,000 shares, executed at prices from $1.30 to $1.54. With direct ownership of approximately 8.45 million shares and indirect holdings of 7.47 million shares via Luxor Capital LLC, the sold block represents a minor percentage of total insider holdings disclosed here. The filing provides the required footnote that individual sale prices are available on request, which preserves granularity for market participants. This disclosure is informational and unlikely to be market-moving absent other concurrent developments.

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

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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)
08/25/2025

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	08/25/2025		S		50,000	D	$1.41(1)	8,454,079	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 $1.30 to $1.54, 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	08/27/2025
	/s/ Anthony Brian Goodman, as Managing Member of Luxor Capital LLC	08/27/2025
	** 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).
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