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

Rhea-AI Filing Summary

Anthony Brian Goodman, who serves as Chief Executive Officer, a Director and a reported 10% owner of Golden Matrix Group, Inc. (GMGI), reported the disposition of 50,000 common shares on 08/11/2025. The filing states the shares were sold in multiple transactions at prices ranging from $1.31 to $1.43, with a reported transaction price of $1.35 noted in the table.

The Form 4 shows Mr. Goodman directly beneficially owns 8,554,079 shares following the sale and that Luxor Capital LLC, which the filing says is wholly owned by Mr. Goodman, holds 7,470,483 shares. The filing discloses the sales and the split between direct and indirect ownership without stating reasons for the transactions.

Positive

• Timely disclosure of insider sale consistent with Section 16 reporting requirements
• Substantial continuing ownership remains: 8,554,079 shares directly and 7,470,483 shares indirectly via Luxor Capital LLC

Negative

• Disposition reported: 50,000 common shares were sold on 08/11/2025
• Sale price range disclosed was between $1.31 and $1.43, which may be viewed negatively by some market participants

Insights

Financial Analyst

TL;DR: Insider sold a small tranche versus large retained holdings; transaction appears immaterial to control but is relevant for liquidity signals.

The filing documents a 50,000-share sale on 08/11/2025 at reported prices between $1.31 and $1.43, with a table entry showing $1.35. Post-sale direct ownership is 8,554,079 shares and indirect ownership via Luxor Capital LLC is 7,470,483 shares. From a capital-markets perspective, the absolute size of the sale is small relative to combined holdings disclosed, suggesting limited immediate dilution or control change. Investors should note the transparent reporting of transaction prices and retained stake sizes when assessing insider alignment.

Corporate Governance Expert

TL;DR: Disclosure is properly recorded with both individual and entity holdings shown; the sale raises routine governance questions but no material control shift.

The Form 4 lists Anthony Brian Goodman as both an individual reporting person and as Managing Member of Luxor Capital LLC, with signatures for both capacities. The filing specifies that Luxor is wholly owned by Mr. Goodman and separately reports direct and indirect holdings. The transaction is a disposition coded as a sale and accompanied by a footnote clarifying a range of sale prices. This level of detail meets Section 16 disclosure norms; the transaction does not, on its face, indicate a governance or control event.

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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

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	08/11/2025		S		50,000	D	$1.35(1)	8,554,079	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 $1.31 to $1.43, 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	08/13/2025
	/s/ Anthony Brian Goodman, as Managing Member of Luxor Capital LLC	08/13/2025
	** 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

What transaction did Anthony Brian Goodman report on Form 4 for GMGI?

The filing reports the sale of 50,000 common shares on 08/11/2025 with transaction prices reported in a range of $1.31 to $1.43 (table notes include a $1.35 entry).

What roles and ownership does Anthony Goodman have at Golden Matrix Group (GMGI)?

The Form 4 lists Mr. Goodman as Chief Executive Officer, a Director, and a reported 10% owner of GMGI.

How many shares does Goodman beneficially own after the reported transaction?

The filing shows 8,554,079 shares held directly and 7,470,483 shares held indirectly by Luxor Capital LLC, which the filing says is wholly owned by Mr. Goodman.

Was the sale part of a Rule 10b5-1 trading plan according to the filing?

The filing includes the 10b5-1 instructional text, but it does not clearly indicate that the reported sale was made pursuant to a Rule 10b5-1 trading plan.

Are any derivative transactions or option exercises reported in this Form 4?

No derivative securities, options, or convertible transactions are reported in Table II of the filing; only a non-derivative sale of common stock is listed.