Williams Tryon M 4

What Happened

• Tryon M. Williams, reported as a 10% owner of Kidoz Inc. (KDOZF), had 50,000 stock options with a CAD$0.50 (≈US$0.39) exercise price expire unexercised on Feb 1, 2026. The filing records this as an expiration of a short derivative position (transaction code E) and shows a notional value of about $19,500.
• No shares were bought or sold in this event — the options lapsed, so Williams lost the right to acquire up to 50,000 shares at that strike.

Key Details

• Transaction date: 2026-02-01 (reported on Form 4 filed 2026-02-06)
• Transaction type/code: Expiration of short derivative position (E)
• Quantity & price: 50,000 options at CAD$0.50 (≈US$0.39)
• Reported value: $19,500 (derived from 50,000 × ~$0.39)
• Shares owned after transaction: Not specified in the supplied summary (see the Form 4 for full holdings)
• Filing timeliness: Form 4 was filed Feb 6, 2026 for a Feb 1 transaction — Form 4s are generally due within 2 business days, so check the filing for any late-filing notice or explanation.
• Footnotes (notable): F1 confirms the 50,000 options expired unexercised. Other footnotes show Williams holds/was granted additional option tranches with varying strikes and vesting schedules (examples below).

Context

• An option expiration is a derivative lapse, not a market sale — it simply removes the holder’s right to buy shares at the stated strike. It does not directly produce proceeds or change outstanding common shares unless previously exercised.
• Williams is a 10% owner and has multiple option grants referenced in the filing (examples: 50,000 at CAD$1.02 from 2021 vesting 2%/month; 150,000 at CAD$0.50 from 2022 vesting 2%/month; 50,000 at CAD$0.30 from 2023; 168,750 at CAD$0.20 from 2024; 50,000 at CAD$0.25 from 2025). These outstanding grants and their vesting schedules are material to his future potential ownership and dilution.