Form 4: KIDOZ INC. CEO Jason Miles Williams Reports Stock Option Grant
SEC Form 4
Jason Miles Williams, CEO of KIDOZ INC., reports the grant of 168,750 stock options and updates to existing option holdings.
Summary
- Jason Miles Williams, the CEO of KIDOZ INC., filed a Form 4 detailing changes in his beneficial ownership.
- On March 26, 2024, Mr. Williams was granted 168,750 stock options at an exercise price of US$0.147 (CAD$0.20), which vest at 2% per month.
- The report also updates the number of derivative securities beneficially owned following the reported transaction, with a total of 518,750 employee stock options held directly.
- Mr. Williams directly owns 908,200 shares of KIDOZ INC. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock option grants, which is neutral in sentiment.
Positives
- The granting of stock options to the CEO aligns his interests with those of the shareholders.
Industry Context
Stock option grants are a common practice to incentivize and retain key executives in publicly traded companies.
Comparison to Industry Standards
- Executive compensation packages, including stock options, vary significantly across industries and company sizes.
- Comparing KIDOZ INC.'s CEO compensation to similar-sized tech companies would provide a benchmark for assessing its competitiveness.
- Companies like Unity Software and ironSource, which operate in related sectors, could offer relevant comparison points for executive compensation structures.
Stakeholder Impact
- The stock option grant could potentially impact shareholders by diluting equity if the options are exercised.
- The grant incentivizes the CEO, which could positively impact the company's performance and benefit all stakeholders.
Key Dates
| Date | Description |
|---|---|
| 06/30/2020 | Mr. J. M. Williams was granted 50,000 stock options at CAD$0.45 (approximately US$0.33). |
| 06/30/2021 | Vesting commences for 50,000 stock options granted on June 30, 2020. |
| 02/01/2021 | Mr. J. M. Williams was granted 50,000 stock options at CAD$0.50 (approximately US$0.39). |
| 04/06/2021 | Mr. J. M. Williams was granted 50,000 stock options at CAD$1.02 (approximately US$0.81). |
| 02/01/2022 | Mr. J. M. Williams was granted 150,000 stock options at CAD$0.50 (approximately US$0.39). |
| 02/21/2023 | Mr. J. M. Williams was granted 50,000 stock options at CAD$0.30 (Approximately US$0.22). |
| 03/26/2024 | Mr. J. M. Williams was granted 168,750 stock options at CAD$0.20 (US$0.147). |
| 03/28/2024 | Date of the report. |
| 03/25/2029 | Expiration date for 168,750 stock options granted on March 26, 2024. |
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