Form 4: KIDOZ Director David Moshe Reports Significant Changes in Beneficial Ownership, Including Option Expiration
Statement of Changes in Beneficial Ownership
KIDOZ Inc. Director and 10% Owner David Moshe filed a Form 4 disclosing changes in his beneficial ownership, including the expiration of 300,000 unexercised stock options and details of his remaining equity and derivative holdings.
Summary
- David Moshe, a Director and 10% Owner of KIDOZ Inc. (KDOZF), filed a Statement of Changes in Beneficial Ownership (Form 4).
- He directly holds 543,379 shares of KIDOZ Inc. common stock.
- He indirectly holds an additional 339,612 shares of common stock through Compass H.N.T Yazamut Ltd., a company he 100% owns.
- 300,000 employee stock options with an exercise price of US$0.33 (CAD$0.45) expired unexercised on June 30, 2025.
- Following the reported transaction, he beneficially owns a total of 225,000 derivative securities, specifically employee stock options.
- These remaining options include grants from February 1, 2021 (50,000 options at US$0.39), April 6, 2021 (50,000 options at US$0.81), February 1, 2022 (50,000 options at US$0.39), February 21, 2023 (50,000 options at US$0.22), and March 26, 2024 (25,000 options at US$0.147).
Sentiment
Score: 4
Explanation: The document is primarily a factual disclosure of insider ownership changes. While it provides transparency, the expiration of a significant block of unexercised options suggests the stock price was below the exercise price, which is a minor negative signal regarding the stock's recent performance relative to those options.
Negatives
- 300,000 employee stock options with an exercise price of US$0.33 (CAD$0.45) expired unexercised on June 30, 2025, indicating that the stock price was likely below the exercise price at the time of expiration.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Indirect beneficial ownership of 339,612 common shares is held through Compass H.N.T Yazamut Ltd., a company 100% owned by Mr. Moshe David.
Stakeholder Impact
- Shareholders: Provides transparency on insider holdings and changes, which can influence investor sentiment regarding management's view of the company's value and performance. The expiration of options may be interpreted as a lack of confidence in the stock price exceeding the strike price.
Key Dates
| Date | Description |
|---|---|
| 02/01/2021 | Grant date for 50,000 stock options at 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 US$0.81, vesting 2% per month. |
| 02/01/2022 | Grant date for 50,000 stock options at US$0.39, vesting 2% per month. |
| 02/21/2023 | Grant date for 50,000 stock options at US$0.22, vesting 2% per month. |
| 03/26/2024 | Grant date for 25,000 stock options at US$0.147, vesting 2% per month. |
| 06/02/2025 | Date exercisable for 300,000 employee stock options that subsequently expired. |
| 06/30/2025 | Expiration date for 300,000 employee stock options; also listed as the earliest transaction date reported. |
| 07/03/2025 | 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. |
Keywords
KIDOZ Inc., KDOZF, David Moshe, SEC Form 4, beneficial ownership, stock options, insider holdings, equity, common stock, director
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