Form 4: Golden Matrix Group Executive Zoran Milosevic Acquires Shares Following RSU Vesting

Zoran Milosevic, CEO of Meridian Subsidiaries and a member of a 10% reporting group, acquired 250,000 shares of Golden Matrix Group, Inc. common stock following the vesting of restricted stock units (RSUs) tied to the company's fiscal 2024 performance.

Summary

• Zoran Milosevic, CEO of Meridian Subsidiaries, filed a Form 4 indicating a change in beneficial ownership of Golden Matrix Group, Inc. (GMGI) stock.
• The transaction occurred on March 24, 2025, and involved the vesting of 250,000 restricted stock units (RSUs).
• These RSUs vested because Golden Matrix Group met certain revenue and Adjusted EBITDA (AEBITDA) targets for fiscal year 2024.
• Upon vesting, each RSU was settled for one share of common stock.
• Following the transaction, Milosevic directly owns 9,007,664 shares of GMGI common stock.
• Milosevic is part of a voting agreement with other key individuals and entities, potentially forming a group that beneficially owns more than 10% of GMGI's outstanding shares.
• Milosevic disclaims beneficial ownership of securities owned by other members of the voting agreement.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. The vesting of RSUs indicates the company met its financial targets, which is a good sign. However, the complex ownership structure and voting agreement introduce some uncertainty.

Positives

• The vesting of RSUs indicates that Golden Matrix Group achieved its revenue and AEBITDA targets for fiscal year 2024, which is a positive sign for the company's performance.
• Milosevic's increased stake in the company could be interpreted as a sign of confidence in GMGI's future prospects.

Risks

• The existence of a voting agreement among key shareholders could potentially lead to concentrated control and influence over the company's decisions.
• Milosevic disclaiming beneficial ownership of other group members' shares suggests potential complexities in the ownership structure and voting power dynamics.

Future Outlook

The document does not contain specific forward-looking statements, but the RSU vesting suggests positive financial performance for fiscal year 2024.

Industry Context

Without additional context, it's difficult to assess the broader industry implications. However, equity-based compensation is common in the gaming and technology sectors to incentivize performance.

Stakeholder Impact

• Shareholders may view the achievement of financial targets and RSU vesting positively.
• Employees may be motivated by the company's performance and the potential for future equity-based compensation.

Key Dates

Keywords

Golden Matrix Group, GMGI, Zoran Milosevic, Restricted Stock Units, RSU, Beneficial Ownership, Form 4, Voting Agreement, AEBITDA, Revenue