Weiting Feng - Sep 16, 2022 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, 2022
Transactions value $
$0
Form type
4
Date filed
9/20/2022, 09:21 AM
Previous filing
Oct 5, 2021
Next filing
Dec 5, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GMGI Common Stock 1.3M Sep 16, 2022 Direct

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 Restricted Stock Unit Award $0 +375K $0.00 375K Sep 16, 2022 Common Stock 375K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit (RSU) represents the contingent right to receive, at settlement, one share of common stock.
F2 The RSUs vest, if all, at the rate of 1/6th of such RSUs, upon the Issuer meeting certain (1) revenue and (2) EBITDA targets, as of the end of fiscal 2022, 2023 and 2024, and upon the public disclosure of such operating results in the Issuer's subsequently filed Annual Reports on Form 10-K, subject to the reporting person's continued service through the applicable vesting date. Restricted stock units do not expire; they either vest or are canceled prior to vesting date. Issued under the Issuer's 2022 Equity Incentive Plan.