William Scott - May 9, 2024 Form 4 Insider Report for Golden Matrix Group, Inc. (GMGI)

Role: Director
Signature: /s/ William Scott
Stock symbol: GMGI
Transactions as of: May 9, 2024
Transactions value $: $0
Form type: 4
Date filed: 5/13/2024, 04:01 PM
Previous filing: Apr 11, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GMGI	Common Stock						0	May 9, 2024	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 Units	Award	$0	+50K		$0.00	50K	May 9, 2024	Common Stock	50K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each RSU represents the contingent right to receive, at settlement, one share of common stock.
F2	The RSUs vest, if at all, at the rate of 1/2 of such RSUs, upon the Issuer meeting certain (1) revenue and (2) Adjusted EBITDA targets, as of the end of fiscal 2024, and upon the public disclosure of such operating results in the Issuer's subsequently 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. Issued under the Issuer's 2022 Equity Incentive Plan.

Content

Each RSU represents the contingent right to receive, at settlement, one share of common stock.

The RSUs vest, if at all, at the rate of 1/2 of such RSUs, upon the Issuer meeting certain (1) revenue and (2) Adjusted EBITDA targets, as of the end of fiscal 2024, and upon the public disclosure of such operating results in the Issuer's subsequently 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. Issued under the Issuer's 2022 Equity Incentive Plan.