HARRY C. HAGERTY - 08 Dec 2021 Form 4 Insider Report for Galaxy Gaming, Inc. (GLXZ)

Role: CFO
Signature: /s/ Harry C. Hagerty III
Issuer symbol: GLXZ
Transactions as of: 08 Dec 2021
Transactions value $: -$1,915,331
Form type: 4
Filing time: 15 Dec 2021, 17:56:30 UTC
Next filing: 10 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GLXZ	Common Stock	Options Exercise	$214K	+180K	+192.51%	$1.19	274K	08 Dec 2021	Direct	F1
transaction	GLXZ	Common Stock	Options Exercise	$240K	+400K	+146.25%	$0.60^*	674K	08 Dec 2021	Direct	F1
transaction	GLXZ	Common Stock	Options Exercise	$263K	+133K	+19.8%	$1.97	807K	08 Dec 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GLXZ	Option	Options Exercise	-$664K	-180K	-23.08%	$3.69	600K	08 Dec 2021	Common Stock	180K	$1.19	Direct	F1
transaction	GLXZ	Option	Options Exercise	-$1.48M	-400K	-66.67%	$3.69	200K	08 Dec 2021	Common Stock	400K	$0.60	Direct	F1
transaction	GLXZ	Option	Options Exercise	-$492K	-133K	-66.67%	$3.69	66.7K	08 Dec 2021	Common Stock	133K	$1.97	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Options were issued in connection with the Reporting Person's service as the CFO of the Company. All options were exercisable on the date of grant and expire five years from the date of grant. This transaction represents an exercise of the referenced options.