Form 4: KIDOZ CEO Jason Williams Reports Changes in Beneficial Ownership and Option Holdings
Insider Ownership Report
KIDOZ INC. CEO and Director Jason Miles Williams has filed a Form 4 detailing his current beneficial ownership of common stock and changes in his derivative securities, including the expiration of 50,000 unexercised stock options and the grant of new options.
Summary
- Jason Miles Williams, Chief Executive Officer and Director of KIDOZ INC. (KDOZF), reported his beneficial ownership and derivative security transactions.
- He directly owns 908,200 shares of KIDOZ INC. Common Stock.
- 50,000 employee stock options with an exercise price of approximately US$0.33 (CAD$0.45) expired unexercised on June 30, 2025.
- He holds a total of 468,750 derivative securities (employee stock options) following the reported transactions.
- Outstanding options include 50,000 at US$0.39 (CAD$0.50) granted on February 1, 2021, vesting 10% on grant, 15% after one year, and 2% per month thereafter, expiring February 1, 2026.
- Another 50,000 options are at US$0.81 (CAD$1.02) granted on April 6, 2021, vesting 2% per month, expiring April 6, 2026.
- A grant of 150,000 options at US$0.39 (CAD$0.50) occurred on April 1, 2022, vesting 2% per month, expiring February 1, 2027.
- 50,000 options at US$0.22 (CAD$0.30) were granted on February 21, 2023, vesting 2% per month, expiring February 21, 2028.
- Most recently, 168,750 stock options at US$0.147 (CAD$0.20) were granted on March 26, 2024, vesting 2% per month, expiring March 25, 2029.
Sentiment
Score: 5
Explanation: The sentiment is neutral. While the expiration of unexercised options could be seen as a negative signal regarding past stock performance relative to the strike price, the granting of new options aligns management incentives with future performance, balancing the overall sentiment from this specific filing.
Positives
- The granting of 168,750 new stock options at an exercise price of US$0.147 on March 26, 2024, aligns management's interests with future stock performance at a current market valuation.
Negatives
- 50,000 employee stock options with an exercise price of approximately US$0.33 expired unexercised on June 30, 2025, suggesting the stock price was below this level, indicating a lack of profitability for those specific options.
Future Outlook
The document primarily reports past and current ownership details and does not provide forward-looking statements or guidance regarding the company's future financial performance or strategic direction, beyond the future expiration dates of outstanding stock options.
Industry Context
This Form 4 filing is a routine disclosure of insider ownership changes and does not provide broader industry context or trends. It reflects individual executive compensation and ownership structure within KIDOZ INC.
Stakeholder Impact
- Shareholders: Provides transparency into the ownership stake and incentive structure of a key executive, which can influence investor confidence and perception of management alignment.
Next Steps
- Monitoring the vesting schedules and expiration dates of the outstanding employee stock options.
- Observing any future Form 4 filings for further changes in beneficial ownership by Jason Miles Williams or other insiders.
Key Dates
| Date | Description |
|---|---|
| 06/30/2020 | Grant date for 50,000 employee stock options that expired unexercised on June 30, 2025. |
| 02/01/2021 | Grant date for 50,000 employee stock options with an exercise price of US$0.39. |
| 04/06/2021 | Grant date for 50,000 employee stock options with an exercise price of US$0.81. |
| 04/01/2022 | Grant date for 150,000 employee stock options with an exercise price of US$0.39. |
| 02/21/2023 | Grant date for 50,000 employee stock options with an exercise price of US$0.22. |
| 03/26/2024 | Grant date for 168,750 employee stock options with an exercise price of US$0.147. |
| 06/30/2025 | Earliest transaction date reported; expiration date for 50,000 employee stock options. |
| 07/02/2025 | Signature date of the reporting person. |
| 02/01/2026 | Expiration date for 50,000 employee stock options granted on February 1, 2021. |
| 04/06/2026 | Expiration date for 50,000 employee stock options granted on April 6, 2021. |
| 02/01/2027 | Expiration date for 150,000 employee stock options granted on April 1, 2022. |
| 02/21/2028 | Expiration date for 50,000 employee stock options granted on February 21, 2023. |
| 03/25/2029 | Expiration date for 168,750 employee stock options granted on March 26, 2024. |
Keywords
KIDOZ INC, KDOZF, SEC Form 4, insider ownership, stock options, beneficial ownership, Jason Miles Williams, executive compensation
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