Weiting Feng - Dec 1, 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
Dec 1, 2022
Transactions value $
-$2
Form type
4
Date filed
12/5/2022, 02:17 PM
Previous filing
Sep 20, 2022
Next filing
Feb 2, 2023
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 $84K +1.4M +107.57% $0.06* 2.7M Dec 1, 2022 Direct
transaction GMGI Common Stock Tax liability -$84K -35.6K -1.32% $2.36 2.67M Dec 1, 2022 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 GMGI Stock Option (right to buy) Options Exercise $0 -1.4M -100% $0.00* 0 Dec 1, 2022 Common Stock 1.4M $0.06 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 1,364,406 shares of common stock on the net exercise of an option to purchase 1,400,000 shares of common stock. The Issuer withheld 35,594 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 December 1, 2022, the day the option was exercised
F2 Previously vested.