Weiting Feng - Mar 24, 2025 Form 4 Insider Report for Golden Matrix Group, Inc. (GMGI)

Role: Chief Operating Officer
Signature: /s/ Weiting Feng
Stock symbol: GMGI
Transactions as of: Mar 24, 2025
Transactions value $: $0
Form type: 4
Date filed: 3/26/2025, 05:03 PM
Previous filing: Jan 14, 2025
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		+125K	+4.64%		2.82M	Mar 24, 2025	Direct	F1, F2

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 Units	Options Exercise	$0	-125K	-100%	$0.00	0	Mar 24, 2025	Common Stock	125K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Represents the vesting of 125,000 restricted stock units (RSUs) upon the Issuer meeting a revenue and AEBITDA target as of the end of fiscal 2024.
F2	Each RSU represents the contingent right to receive, at settlement, one share of common stock, which were settled in shares of common stock.
F3	The RSUs were to, if at all, at the rate of 62,500 of such RSUs, upon the Issuer meeting certain (1) revenue and (2) Adjusted EBITDA (AEBITDA) targets (125,000 total per year), as of the end of fiscal 2024, and upon the public disclosure of such operating results in the Issuer's filed Annual Report 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. All of such RSUs vested as described in Footnote (1), above.