Summary of transactions
Anthony Brian Goodman, identified as a former director and chief executive of Meridian Holdings Inc./NV, together with Luxor Capital LLC - a filing group owning more than 10% - disclosed the sale of Meridian Holdings (NASDAQ:MRDN) shares on March 25 and March 26, 2026. The combined sales were executed as direct ownership transactions and totaled $50,536.
Transaction details
On March 25, Goodman and Luxor sold 3,421 shares at execution prices that ranged from $7.70 to $8.13 per share. The following day, March 26, an additional 3,016 shares changed hands at prices between $7.70 and $7.80. Together these two days account for all reported insider sales amounting to the stated $50,536.
Post-transaction ownership
After completing the reported sales, Goodman retained a direct stake of 808,673 shares in Meridian Holdings.
Market context provided in filings
The filings and accompanying market notes note that Meridian’s share price has declined roughly 71% over the past year, with the stock trading at $6.97 at the time of reporting. Analysis attributed to InvestingPro, cited in the disclosure, characterizes the stock as appearing undervalued at current levels and highlights the magnitude of the one-year price decline.
Recent corporate actions and balance sheet developments
Meridian Holdings reported a meaningful reduction in leverage through the end of the third quarter of 2025: the company reduced total debt by 37%, equal to $25.9 million. That reduction included the full prepayment of a $7.2 million Senior Secured Promissory Note owed to Lind Global Asset Management. In describing that effort, the company emphasized the move away from dilutive financing models.
Separately, the company implemented a 1-for-12 reverse stock split and changed its corporate name from Golden Matrix Group, Inc. The reverse split reduced outstanding shares from approximately 151.7 million to 12.6 million and lowered authorized shares from 300 million to 25 million. Following those actions, the company began trading under a new ticker symbol.
Leadership updates
Earlier in the year, Golden Matrix Group appointed William Scott as president; he will continue in his roles as executive chairman and interim chief executive officer. The company also named Rich Christensen as treasurer. The company described these as routine board decisions and noted they do not involve any special contracts beyond standard agreements.
Takeaway
The reported insider sales represent modest, short-term dispositions by a former director and a sizable filing group. Those trades occurred against a backdrop of balance-sheet repair and structural equity actions that the company has disclosed, alongside routine executive appointments. The filings also reference an external analysis that views the stock as appearing undervalued following a substantial one-year price decline.