KDOZF.OQBKidoz INC

Form 4: Kidoz Inc. Chairman Tryon M. Williams Reports Stock Option Grant

Sentiment:

SEC Form 4 Filing

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Tryon M. Williams, Chairman of Kidoz Inc., reports the grant of 168,750 stock options and updates to his beneficial ownership.

Summary

  • On March 26, 2024, Tryon M. Williams, Chairman of Kidoz Inc., reported changes in his beneficial ownership of the company's securities.
  • Williams was granted 168,750 stock options at a price of US$0.147 (CAD$0.20) which vest at 2% per month.
  • The report also details Williams' existing holdings, including 16,515,316 shares of common stock held directly and 2,877,465 shares held indirectly through a discretionary trust.
  • The report includes details of previously granted stock options with various exercise prices and vesting schedules.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

  • The granting of stock options to the Chairman could align his interests with those of shareholders.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders and provides transparency regarding their holdings and transactions in the company's stock.

Stakeholder Impact

  • Shareholders may view the granting of stock options as a positive sign, aligning management's interests with theirs.

Key Dates

DateDescription
06/30/2020Mr. T. M. Williams was granted 50,000 stock options at CAD$0.45 (approximately US$0.33).
06/30/2021Commencement of vesting (2.08% per month) for options granted on June 30, 2020.
02/01/2021Mr. T. M. Williams was granted 50,000 stock options at CAD$0.50 (approximately US$0.39).
04/06/2021Mr. T. M. Williams was granted 50,000 stock options at CAD$1.02 (approximately US$0.81).
04/01/2022Mr. T. M. Williams was granted 150,000 stock options at CAD$0.50 (approximately US$0.39).
02/21/2023Mr. T. M. Williams was granted 50,000 stock options at CAD$0.30 (Approximately US$0.22).
03/26/2024Mr. T. M. Williams was granted 168,750 stock options at CAD$0.20 (US$0.147).
03/28/2024Date of the report.

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