[Form 4] Golden Matrix Group, Inc. Insider Trading Activity
A reporting person, Aleksandar Milovanovic, converted $100,000 of post-closing cash consideration into common stock of Golden Matrix Group, Inc. (GMGI) on September 26, 2025. The conversion produced 85,470 shares at an effective conversion price equal to the closing sales price on September 26, 2025 ($1.17 per share as reported). After the transaction the Reporting Person directly held 85,328,294 shares. The Form 4 discloses that Milovanovic is a director and may be part of a Voting Agreement that could result in being deemed a member of a group that, in aggregate, beneficially owns more than 10% of the issuer; the filing includes a disclaimer that he disclaims beneficial ownership of securities held by other signatories.
Una persona di segnalazione, Aleksandar Milovanovic, ha convertito 100.000 dollari di contropartita in contanti post‑closing in azioni ordinarie della Golden Matrix Group, Inc. (GMGI) il 26 settembre 2025. La conversione ha determinato 85.470 azioni, a un prezzo di conversione effettivo pari al prezzo di chiusura di vendita del 26 settembre 2025 (1,17 USD per azione, come riportato). Dopo l’operazione, la persona di segnalazione deteneva direttamente 85.328.294 azioni. Il Form 4 indica che Milovanovic è un amministratore e potrebbe far parte di un Accordo di Voto che potrebbe comportare l’essere considerato parte di un gruppo che, nel suo insieme, detiene direttamente una quota superiore al 10% dell’emittente; la dichiarazione presenta una clausola con cui afferma di rinunciare all’ownership beneficence delle azioni detenute dagli altri firmatari.
Una persona informada, Aleksandar Milovanovic, convirtió 100.000 dólares de la contraprestación en efectivo posterior al cierre en acciones comunes de Golden Matrix Group, Inc. (GMGI) el 26 de septiembre de 2025. La conversión produjo 85.470 acciones a un precio de conversión efectivo igual al precio de cierre de venta del 26 de septiembre de 2025 (1,17 USD por acción, según lo informado). Después de la operación, la persona informante poseía directamente 85.328.294 acciones. El Formulario 4 revela que Milovanovic es director y podría formar parte de un Acuerdo de Votación que podría resultar en ser considerado miembro de un grupo que, en conjunto, posee más del 10% del emisor; la presentación incluye una cláusula de exención de la titularidad beneficiosa de valores poseídos por otros signatarios.
보고자인 Aleksandar Milovanovic은 2025년 9월 26일 종료 후 현금 보상 10만 달러를 Golden Matrix Group, Inc.(GMGI)의 보통주로 전환했습니다. 전환으로 85,470주가 발행되었으며, 효력 있는 전환가액은 2025년 9월 26일 종가와 같아 종가 매매가가 1.17달러(주당)로 보고됩니다. 거래 후 보고자는 직접 85,328,294주를 보유하게 되었습니다. Form 4는 Milovanovic가 이사회 이사이며 발언권 합의의 일부일 수 있어 발행기업의 지분 10%를 초과해 보유하는 그룹의 구성원으로 간주될 수 있음을 시사합니다. 제출에는 다른 서명자들이 보유한 증권에 대한 실질적 소유권을 포기한다는 면책 조항이 포함되어 있습니다.
Une personne déclarant, Aleksandar Milovanovic, a converti 100 000 dollars de contrepartie en espèces post-clôture en actions ordinaires de Golden Matrix Group, Inc. (GMGI) le 26 septembre 2025. La conversion a donné lieu à 85 470 actions à un prix de conversion effectif égal au cours de clôture de vente du 26 septembre 2025 (1,17 USD par action, tel que rapporté). Après la transaction, la personne déclarant détenait directement 85 328 294 actions. Le Formulaire 4 indique que Milovanovic est administrateur et peut faire partie d’un accord de vote qui pourrait conduire à être considéré comme membre d’un groupe détenant, au total, plus de 10 % de l’émetteur; le dépôt comprend une clause indiquant qu’il renonce à la propriété bénéficiaire des valeurs détenues par les autres signataires.
Eine meldende Person, Aleksandar Milovanovic, hat am 26. September 2025 100.000 US-Dollar an Nach-Closing-Cash-Consideration in Stammaktien der Golden Matrix Group, Inc. (GMGI) umgewandelt. Die Umwandlung führte zu 85.470 Aktien zu einem effektiven Umtauschpreis, der dem Schlussverkaufspreis vom 26. September 2025 entspricht (1,17 USD pro Aktie, wie berichtet). Nach der Transaktion hielt die meldende Person direkt 85.328.294 Aktien. Formular 4 gibt an, dass Milovanovic Direktor ist und möglicherweise Teil eines Abstimmungsabkommens ist, das dazu führen könnte, als Mitglied einer Gruppe angesehen zu werden, die insgesamt mehr als 10% des Emittenten besitzt; die Einreichung enthält eine Klausel, dass er auf die wirtschaftliche Eigentümerschaft an von anderen Unterzeichnern gehaltenen Wertpapieren verzichtet.
شخص مُبلَّغ عنه، ألكسندر ميلوفانوفيتش، حوّل 100,000 دولار من المقابل النقدي بعد الإغلاق إلى أسهم عادية لشركة Golden Matrix Group, Inc. (GMGI) في 26 سبتمبر 2025. أدّت عملية التحويل إلى 85,470 سهماً بسعر تحويل فعّال يعادل سعر إغلاق البيع في 26 سبتمبر 2025 (1.17 دولارًا للسهم كما ورد). بعد الصفقة، امتلك الشخص المُبلَّغ عنه مباشرة 85,328,294 سهماً. يبيّن النموذج Form 4 أن ميلوفانوفيتش مدير ويمكن أن يكون جزءاً من اتفاق تصويت قد يؤدي إلى اعتبار السلوك كعضو في مجموعة تمتلك بشكل جماعي أكثر من 10% من المصدر؛ يتضمن الملف إخلاءً من الملكية المفيدة للأوراق المالية التي يملكها الموقعون الآخرون.
一名报告人， Aleksandar Milovanovic，在2025年9月26日将Closing后现金对价的10万美元转换为Golden Matrix Group, Inc.（GMGI）的普通股。 此次转换产生了85,470股，实际转换价格等同于2025年9月26日的收盘价（每股1.17美元，按报道所示）。交易完成后，报告人直接持有85,328,294股。Form 4披露 Milovanovic 是董事，可能属于一项投票协议的一部分，可能被视为属于一个合计持有发行人超过10%权益的集团；备案中包含他对其他签署方持有的证券的受益所有权放弃声明。
- $100,000 of post-closing cash consideration was converted into 85,470 common shares
- Conversion price was tied to the closing market price on the date of conversion (reported as $1.17)
- Transaction is fully disclosed on Form 4 with explanatory remarks and signature
- Form 4 states the Reporting Person may be deemed part of a Voting Agreement group that collectively owns more than 10% of outstanding common stock
- Post-conversion direct holdings are large (85,328,294 shares), which indicates significant ownership concentration
Insights
TL;DR: Insider converted $100,000 of cash into 85,470 GMGI shares at a market-based conversion price; transaction is routine and immediately dilutive to cash creditors.
The conversion reduced the issuer's cash obligation by $100,000 in exchange for 85,470 common shares, using a conversion price equal to the closing market price on the conversion date. This is a non-derivative issuance increasing insider-held common stock. The filing reports a large direct stake post-transaction (85,328,294 shares), which is material for ownership concentration analysis. No exercise of options or other derivative activity beyond a related conversion was reported.
TL;DR: Transaction is clearly disclosed and includes a Voting Agreement disclosure that raises group-beneficial-ownership considerations.
The Form 4 appropriately discloses the Post-Closing Cash Conversion Agreement and provides the Voting Agreement context that may cause the Reporting Person to be deemed part of a group owning over 10% of the company. The filing contains the standard disclaimer of beneficial ownership with respect to other signatories; investors should rely on the filing record rather than inference. The disclosure meets Section 16 reporting norms for related-party conversions.
Una persona di segnalazione, Aleksandar Milovanovic, ha convertito 100.000 dollari di contropartita in contanti post‑closing in azioni ordinarie della Golden Matrix Group, Inc. (GMGI) il 26 settembre 2025. La conversione ha determinato 85.470 azioni, a un prezzo di conversione effettivo pari al prezzo di chiusura di vendita del 26 settembre 2025 (1,17 USD per azione, come riportato). Dopo l’operazione, la persona di segnalazione deteneva direttamente 85.328.294 azioni. Il Form 4 indica che Milovanovic è un amministratore e potrebbe far parte di un Accordo di Voto che potrebbe comportare l’essere considerato parte di un gruppo che, nel suo insieme, detiene direttamente una quota superiore al 10% dell’emittente; la dichiarazione presenta una clausola con cui afferma di rinunciare all’ownership beneficence delle azioni detenute dagli altri firmatari.
Una persona informada, Aleksandar Milovanovic, convirtió 100.000 dólares de la contraprestación en efectivo posterior al cierre en acciones comunes de Golden Matrix Group, Inc. (GMGI) el 26 de septiembre de 2025. La conversión produjo 85.470 acciones a un precio de conversión efectivo igual al precio de cierre de venta del 26 de septiembre de 2025 (1,17 USD por acción, según lo informado). Después de la operación, la persona informante poseía directamente 85.328.294 acciones. El Formulario 4 revela que Milovanovic es director y podría formar parte de un Acuerdo de Votación que podría resultar en ser considerado miembro de un grupo que, en conjunto, posee más del 10% del emisor; la presentación incluye una cláusula de exención de la titularidad beneficiosa de valores poseídos por otros signatarios.
보고자인 Aleksandar Milovanovic은 2025년 9월 26일 종료 후 현금 보상 10만 달러를 Golden Matrix Group, Inc.(GMGI)의 보통주로 전환했습니다. 전환으로 85,470주가 발행되었으며, 효력 있는 전환가액은 2025년 9월 26일 종가와 같아 종가 매매가가 1.17달러(주당)로 보고됩니다. 거래 후 보고자는 직접 85,328,294주를 보유하게 되었습니다. Form 4는 Milovanovic가 이사회 이사이며 발언권 합의의 일부일 수 있어 발행기업의 지분 10%를 초과해 보유하는 그룹의 구성원으로 간주될 수 있음을 시사합니다. 제출에는 다른 서명자들이 보유한 증권에 대한 실질적 소유권을 포기한다는 면책 조항이 포함되어 있습니다.
Une personne déclarant, Aleksandar Milovanovic, a converti 100 000 dollars de contrepartie en espèces post-clôture en actions ordinaires de Golden Matrix Group, Inc. (GMGI) le 26 septembre 2025. La conversion a donné lieu à 85 470 actions à un prix de conversion effectif égal au cours de clôture de vente du 26 septembre 2025 (1,17 USD par action, tel que rapporté). Après la transaction, la personne déclarant détenait directement 85 328 294 actions. Le Formulaire 4 indique que Milovanovic est administrateur et peut faire partie d’un accord de vote qui pourrait conduire à être considéré comme membre d’un groupe détenant, au total, plus de 10 % de l’émetteur; le dépôt comprend une clause indiquant qu’il renonce à la propriété bénéficiaire des valeurs détenues par les autres signataires.
Eine meldende Person, Aleksandar Milovanovic, hat am 26. September 2025 100.000 US-Dollar an Nach-Closing-Cash-Consideration in Stammaktien der Golden Matrix Group, Inc. (GMGI) umgewandelt. Die Umwandlung führte zu 85.470 Aktien zu einem effektiven Umtauschpreis, der dem Schlussverkaufspreis vom 26. September 2025 entspricht (1,17 USD pro Aktie, wie berichtet). Nach der Transaktion hielt die meldende Person direkt 85.328.294 Aktien. Formular 4 gibt an, dass Milovanovic Direktor ist und möglicherweise Teil eines Abstimmungsabkommens ist, das dazu führen könnte, als Mitglied einer Gruppe angesehen zu werden, die insgesamt mehr als 10% des Emittenten besitzt; die Einreichung enthält eine Klausel, dass er auf die wirtschaftliche Eigentümerschaft an von anderen Unterzeichnern gehaltenen Wertpapieren verzichtet.
FAQ
What did Aleksandar Milovanovic report on the GMGI Form 4?
At what price were the GMGI shares issued in the conversion?
How many GMGI shares does Milovanovic beneficially own after the transaction?
Does the Form 4 indicate any group ownership or voting agreement?
Was the transaction a derivative or non-derivative security event?
