Form 4: KIDOZ CFO Reports Changes in Beneficial Ownership, Including Option Expiration and New Grants

KIDOZ Inc.'s Chief Financial Officer, Henry Walford Bromley, has filed an SEC Form 4 detailing changes in his beneficial ownership, including the expiration of 50,000 unexercised stock options and the continued holding of significant common stock and active option grants.

Summary

• Henry Walford Bromley, Chief Financial Officer of KIDOZ Inc. (KDOZF), reported his beneficial ownership and recent changes via an SEC Form 4.
• Mr. Bromley directly holds 375,000 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.
• Mr. Bromley beneficially owns 468,750 derivative securities in the form of employee stock options.
• These active options include: 50,000 options granted on February 1, 2021, at an exercise price of approximately US$0.39 (CAD$0.50), vesting 10% on grant, 15% after one year, and 2% per month thereafter, expiring February 1, 2026.
• Another 50,000 options were granted on April 6, 2021, at an exercise price of approximately US$0.81 (CAD$1.02), vesting 2% per month, expiring April 6, 2026.
• A grant of 150,000 options occurred on February 1, 2022, at an exercise price of approximately US$0.39 (CAD$0.50), vesting 2% per month, expiring February 1, 2027.
• On February 21, 2023, 50,000 options were granted at an exercise price of approximately US$0.22 (CAD$0.30), vesting 2% per month, expiring February 21, 2028.
• The most recent grant was for 168,750 options on March 26, 2024, at an exercise price of approximately US$0.147 (CAD$0.20), vesting 2% per month, expiring March 25, 2029.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive. While 50,000 options expired unexercised, the CFO continues to hold a substantial number of common shares and has received multiple new option grants, including a recent large grant at a lower exercise price, indicating continued alignment with the company's long-term performance.

Positives

• The Chief Financial Officer continues to hold a significant number of common shares (375,000) and active stock options (468,750), indicating continued alignment with shareholder interests.
• Multiple employee stock option grants have been issued to the CFO over several years, demonstrating ongoing incentive and retention strategies by the company.
• The most recent option grant of 168,750 options on March 26, 2024, has a relatively low exercise price of US$0.147, potentially offering significant upside if the stock price appreciates.

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 threshold at the time of expiration.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of insider beneficial ownership changes, common across all publicly traded companies. It reflects individual compensation and equity holdings rather than broader industry trends or company performance.

Related Party Transactions

• The employee stock option grants to the Chief Financial Officer are considered related party transactions, as they involve compensation from the company to a key executive.

Stakeholder Impact

• Shareholders: The continued significant equity holdings and new option grants for the CFO align management's interests with those of shareholders, potentially fostering long-term value creation.
• Employees: The option grants are part of the executive compensation structure, which can serve as a model for broader employee incentive programs, though this filing specifically pertains to a single executive.

Key Dates

Keywords

KIDOZ Inc., KDOZF, SEC Form 4, Beneficial Ownership, Insider Trading, Stock Options, Employee Stock Option, Chief Financial Officer, Henry Walford Bromley, Equity Compensation, Corporate Governance