SCHEDULE: Meridian Holdings Insiders Sell Shares

Anthony Brian Goodman and Luxor Capital, LLC have disclosed the sale of over 318,000 shares of Meridian Holdings Inc. common stock between June 15 and August 13, 2026.

Summary

• This filing is an amendment to a Schedule 13D, reporting on the beneficial ownership of Meridian Holdings Inc. (formerly Golden Matrix Group, Inc.) common stock.
• Anthony Brian Goodman and Luxor Capital, LLC (which Mr. Goodman owns 100% of) are the reporting persons.
• The filing details the sale of 318,402 shares of common stock by the reporting persons in open market transactions between June 15, 2026, and August 13, 2026.
• Following these sales, Anthony Brian Goodman beneficially owns 943,734 shares (7.45% of the class), and Luxor Capital, LLC beneficially owns 290,873 shares (2.22% of the class).

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a neutral to slightly negative filing, primarily due to the disclosure of significant share sales by key individuals and entities, without a clear indication of reinvestment or strategic acquisition.

Positives

• The reporting persons continue to hold a significant aggregate stake in the company (943,734 shares combined, representing 7.45% of the class for Mr. Goodman and 2.22% for Luxor).
• The sales occurred in open market transactions, which is a standard and transparent method of trading.

Negatives

• Significant sales of common stock by key individuals/entities (Anthony Brian Goodman and Luxor Capital, LLC) totaling 318,402 shares between June 15 and August 13, 2026.
• The average selling price for these shares ranged from approximately $12.50 to $14.33, indicating a period of potential price pressure or strategic divestment.

Risks

• Future sales by the reporting persons could exert downward pressure on the stock price.
• The lack of stated plans for reinvestment or strategic acquisition following these sales may signal a reduced conviction in the company's future prospects by key insiders.

Future Outlook

The reporting persons state they may purchase or acquire additional securities or dispose of some or all of their current holdings. They retain the right to change their investment intent and may acquire or dispose of securities, enter into hedging relationships, or formulate other plans depending on market conditions and other factors. They currently have no specific plans for extraordinary corporate transactions, asset sales, management changes, or capitalization changes.

Management Comments

• The Reporting Persons acquired, and presently hold, the securities reported herein for investment purposes.
• The Reporting Persons retain the right to change their investment intent, and may, from time to time, acquire additional shares of Common Stock or other securities of the Company, or sell or otherwise dispose of (or enter into a plan or arrangements to sell or otherwise dispose of), all or part of the shares of Common Stock or other securities of the Company, if any, beneficially owned by them, in any manner permitted by law.
• The Reporting Persons have no current plans or proposals that relate to or would result in any of the changes or transactions enumerated in subsections (a) - (j) of Item 4 of the General Instructions for Complying with Schedule 13D, although, depending on the factors discussed herein, the Reporting Persons may change their purpose or formulate different plans or proposals with respect thereto at any time.

Industry Context

StockSavvy.ai notes that Schedule 13D filings are crucial for tracking significant ownership changes and potential shifts in control or strategy by major shareholders. This amendment specifically details divestitures by key insiders, which can be interpreted in various ways by the market, ranging from personal liquidity needs to a signal of reduced confidence.

Stakeholder Impact

• Shareholders may be concerned about the significant sales by key insiders, potentially impacting share price and investor confidence.
• The market may interpret these sales as a signal regarding the company's future performance or strategic direction.

Next Steps

• The reporting persons may continue to buy or sell shares of Meridian Holdings Inc. common stock.
• The reporting persons may enter into hedging relationships with respect to their securities.
• The reporting persons may formulate new plans or proposals regarding their investment in the company.

Key Dates

Recommendation

Based on the filing, which primarily details insider share sales without any indication of negative operational news or strategic shifts, a 'hold' recommendation is appropriate. While the sales are a concern, the reporting persons still retain a substantial ownership stake, and their stated intention is to hold for investment purposes, leaving room for future strategic adjustments. The lack of new positive developments or clear negative catalysts suggests maintaining the current position.

Keywords

Meridian Holdings, Schedule 13D, Insider Trading, Share Sales, Beneficial Ownership, Luxor Capital, Anthony Brian Goodman, Common Stock