Form 4: Golden Matrix Group Director Acquires 50,000 Shares Following RSU Vesting

Director William Scott Woods acquired 50,000 shares of Golden Matrix Group, Inc. stock after restricted stock units vested upon achievement of revenue and AEBITDA targets.

Summary

• William Scott Woods, a director of Golden Matrix Group, Inc., acquired 50,000 shares of common stock on March 24, 2025.
• The acquisition resulted from the vesting of 50,000 restricted stock units (RSUs).
• The RSUs vested because Golden Matrix Group met certain revenue and Adjusted EBITDA targets as of the end of fiscal year 2024.
• The vesting was contingent upon the public disclosure of these operating results in the company's Annual Report on Form 10-K and the reporting person's continued service.
• Each RSU represents the right to receive one share of common stock at settlement.
• The reporting person now directly owns 50,000 shares of Golden Matrix Group, Inc.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it indicates the company achieved its performance targets, leading to the vesting of RSUs. This suggests the company is performing as expected.

Positives

• The vesting of RSUs indicates that the company met its revenue and Adjusted EBITDA targets for fiscal year 2024, which is a positive sign for investors.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of RSUs suggests confidence in the company's performance.

Industry Context

This transaction is a routine disclosure related to insider stock ownership and compensation. It reflects the company's performance against internal targets.

Stakeholder Impact

• Shareholders may view the achievement of revenue and AEBITDA targets positively.
• The vesting of RSUs incentivizes the director to continue contributing to the company's success.

Key Dates

Keywords

Golden Matrix Group, GMGI, Director, William Scott Woods, Stock Acquisition, Restricted Stock Units, RSU, Vesting, Revenue, AEBITDA, Form 4