Form 4: KIDOZ Director David Moshe Boosts Stake with New Stock Option Grant
Insider Transaction Report
KIDOZ Inc. Director and 10% owner David Moshe reported an acquisition of 270,000 employee stock options, increasing his total beneficial ownership of derivative securities to 495,000.
Summary
- David Moshe, a Director and 10% owner of KIDOZ Inc. (KDOZF), reported changes in his beneficial ownership.
- He directly owns 543,379 shares of common stock.
- He indirectly owns 339,612 shares of common stock through Compass H.N.T Yazamut Ltd., a company he 100% owns.
- On August 21, 2025, Mr. Moshe was granted 270,000 employee stock options with an exercise price of US$0.18 (CAD$0.25), exercisable immediately and expiring on August 21, 2030.
- Following this transaction, his total beneficial ownership of derivative securities (stock options) is 495,000.
- This total includes previously granted options: 50,000 options at US$0.39 (CAD$0.50) from Feb 1, 2021; 50,000 options at US$0.81 (CAD$1.02) from Apr 6, 2021; 50,000 options at US$0.39 (CAD$0.50) from Feb 1, 2022; 50,000 options at US$0.22 (CAD$0.30) from Feb 21, 2023; and 25,000 options at US$0.147 (CAD$0.20) from Mar 26, 2024.
Sentiment
Score: 6
Explanation: The filing indicates a director's increased stake through stock option grants, which is generally viewed as a positive sign of continued commitment and alignment with shareholder interests, though it is a compensation event rather than an open market purchase.
Positives
- The grant of 270,000 stock options to Director David Moshe indicates continued alignment of management's interests with the company's performance and shareholder value.
- Mr. Moshe's significant direct and indirect common stock holdings, totaling 882,991 shares, demonstrate a strong vested interest in KIDOZ Inc.'s success.
Risks
- The value of the stock options is dependent on KIDOZ Inc.'s stock price exceeding the respective exercise prices, posing a risk if the stock underperforms.
- Vesting schedules for several option grants (2% per month for most, with initial vesting for one grant) mean that the full benefit of these options is realized over time and is contingent on continued employment or board service.
Related Party Transactions
- Mr. Moshe David indirectly owns 339,612 shares of Kidoz Inc. common stock through Compass H.N.T Yazamut Ltd., a company that is 100% owned by him. This constitutes a related party holding.
Stakeholder Impact
- Shareholders: The increased option holdings of a director can signal confidence in the company's future and align management's incentives with shareholder value creation.
- Director (David Moshe): The option grants serve as a form of compensation and provide a direct financial incentive tied to the company's stock performance.
Key Dates
| Date | Description |
|---|---|
| 02/01/2021 | Grant date for 50,000 stock options at CAD$0.50 (US$0.39), vesting 10% on grant, 15% after one year, and 2% per month thereafter. |
| 04/06/2021 | Grant date for 50,000 stock options at CAD$1.02 (US$0.81), vesting 2% per month. |
| 02/01/2022 | Grant date for 50,000 stock options at CAD$0.50 (US$0.39), vesting 2% per month. |
| 02/21/2023 | Grant date for 50,000 stock options at CAD$0.30 (US$0.22), vesting 2% per month. |
| 03/26/2024 | Grant date for 25,000 stock options at CAD$0.20 (US$0.147), vesting 2% per month. |
| 08/21/2025 | Earliest transaction date and grant date for 270,000 employee stock options at CAD$0.25 (US$0.18). |
| 08/22/2025 | Signature date of the reporting person for the Form 4 filing. |
| 02/01/2026 | Expiration date for 50,000 stock options granted on February 1, 2021. |
| 04/06/2026 | Expiration date for 50,000 stock options granted on April 6, 2021. |
| 02/01/2027 | Expiration date for 50,000 stock options granted on February 1, 2022. |
| 02/21/2028 | Expiration date for 50,000 stock options granted on February 21, 2023. |
| 03/25/2029 | Expiration date for 25,000 stock options granted on March 26, 2024. |
| 08/21/2030 | Expiration date for 270,000 stock options granted on August 21, 2025. |
Keywords
KIDOZ INC, KDOZF, David Moshe, SEC Form 4, insider transaction, stock options, beneficial ownership, director, 10% owner, executive compensation
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