Bromley Henry Walford 4

What Happened
H. W. Bromley, Chief Financial Officer of KIDOZ Inc. (KDOZF), reported the expiration of a short derivative position: 50,000 stock options with an exercise price of CAD$1.02 (≈ US$0.81) expired unexercised on April 6, 2026. The notional value at that strike equals about $40,500, but no shares were bought or sold — the options simply lapsed.

Key Details

• Transaction date: April 6, 2026 (Form 4 filed April 7, 2026 — timely filing).
• Transaction type: E (expiration of derivative/option).
• Options expired: 50,000 at CAD$1.02 (≈ US$0.81); expired unexercised — no shares issued or transferred.
• Shares owned after transaction: not specified in the filing. The expiration reduced Bromley’s outstanding option rights by 50,000.
• Relevant footnotes from the filing:
  • F1: The 50,000 options expired unexercised.
  • F2–F5: Bromley holds/was granted other option tranches (examples: 150,000 @ CAD$0.50 from 2/1/2022; 50,000 @ CAD$0.30 from 2/21/2023; 168,750 @ CAD$0.20 from 3/26/2024; 50,000 @ CAD$0.25 from 8/21/2025) with vesting typically at 2% per month.

Context
An option expiration means the executive did not exercise the right to buy shares at that strike (often because the market price was below the exercise price), so this is not a sale or purchase of stock and does not produce cash proceeds. For investors, expired options reduce potential future dilution from that specific tranche but are not a direct market signal like an open-market purchase or sale.