Form 4: GMGI Director's RSU Vesting Boosts Stake

Golden Matrix Group Director Snezana Bozovic reported the vesting of 9,375 restricted stock units, increasing her direct beneficial ownership of common stock.

Summary

• Snezana Bozovic, a Director and member of a 10% reporting group for Golden Matrix Group, Inc. (GMGI), reported a transaction on November 9, 2025.
• The transaction involved the vesting of 9,375 time-based Restricted Stock Units (RSUs).
• Each RSU represents the contingent right to receive one share of common stock.
• Following this transaction, Bozovic beneficially owns 4,556,144 shares of common stock directly.
• Additionally, Bozovic beneficially owns 46,875 derivative securities in the form of Restricted Stock Units.
• The RSUs vest at a rate of 1/8th every six months from the grant date of May 9, 2024, contingent on continued service.

Sentiment

Score: 6

Explanation: The filing reports a routine, pre-scheduled vesting of restricted stock units, which is a positive for the insider's compensation and aligns their interests with shareholders, but does not indicate significant new company performance or strategic shifts.

Positives

• Vesting of 9,375 Restricted Stock Units indicates continued compensation and alignment of interests between the director and shareholders.
• Increased direct beneficial ownership of common stock by a director.

Risks

• The reporting person is part of a 'group' under an Amended and Restated Nominating and Voting Agreement, which collectively may own more than 10% of the outstanding common stock, potentially influencing corporate control. The reporting person disclaims beneficial ownership of other group members' shares.

Future Outlook

The remaining 46,875 Restricted Stock Units will continue to vest at a rate of 1/8th every six months from May 9, 2024, subject to Snezana Bozovic's continued service.

Industry Context

This is a routine insider transaction, common across all industries for executive compensation, reflecting a pre-scheduled vesting event rather than a discretionary trade based on new information.

Corporate Governance

Related Party Transactions

• The Amended and Restated Nominating and Voting Agreement involves the Issuer, CEO Anthony Brian Goodman, Luxor Capital LLC (owned by Mr. Goodman), Aleksandar Milovanovic, Zoran Milosevic, and Snezana Bozovic. This constitutes a related party arrangement concerning voting rights and potential group beneficial ownership.

Stakeholder Impact

• Shareholders: Minor, routine dilution from RSU vesting, but also increased alignment of director's interests. Awareness of a voting group's potential influence.

Next Steps

• Continued vesting of the remaining 46,875 Restricted Stock Units every six months from May 9, 2024, subject to Snezana Bozovic's continued service.

Key Dates

Keywords

Golden Matrix Group, GMGI, Snezana Bozovic, Form 4, Insider Transaction, RSU Vesting, Restricted Stock Units, Beneficial Ownership, Director, Corporate Governance