Weiting Feng - Sep 16, 2021 Form 4 Insider Report for Golden Matrix Group, Inc. (GMGI)

Role: Chief Operating Officer, Director
Signature: /s/ Weiting Feng
Stock symbol: GMGI
Transactions as of: Sep 16, 2021
Transactions value $: -$2
Form type: 4
Date filed: 10/5/2021, 07:01 AM
Previous filing: Mar 21, 2022
Next filing: Sep 20, 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GMGI	Common Stock	Options Exercise	$578K	+700K	+102.16%	$0.83	1.39M	Sep 16, 2021	Direct
transaction	GMGI	Common Stock	Tax liability	-$578K	-83.7K	-6.04%	$6.90	1.3M	Sep 16, 2021	Direct	F1

Showing 1 to 2 of 2 entries

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	GMGI	Stock Option (right to buy)	Options Exercise	$0	-700K	-100%	$0.00^*	0	Sep 16, 2021	Common Stock	700K	$0.83	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents a "net exercise" of outstanding stock options. The reporting person received 616,304 shares of common stock on the net exercise of an option to purchase 700,000 shares of common stock. The Issuer withheld 83,696 shares of common stock underlying the option in payment of the exercise price, based on the closing sales price of the Issuer's common stock on September 15, 2021, the day immediately prior to the date the option was exercised.
F2	The option vested in three installments, with 33% vesting every six months after the grant date, subject to the Reporting Person's continued performance of services for the Issuer through each vesting date.

Content

Represents a "net exercise" of outstanding stock options. The reporting person received 616,304 shares of common stock on the net exercise of an option to purchase 700,000 shares of common stock. The Issuer withheld 83,696 shares of common stock underlying the option in payment of the exercise price, based on the closing sales price of the Issuer's common stock on September 15, 2021, the day immediately prior to the date the option was exercised.

The option vested in three installments, with 33% vesting every six months after the grant date, subject to the Reporting Person's continued performance of services for the Issuer through each vesting date.