Williams Tryon M 4

What Happened
Tryon M. Williams, a reported 10% owner of Kidoz Inc. (KDOZF), had 50,000 stock options with a CAD$1.02 (≈US$0.81) exercise price expire unexercised on April 6, 2026. The Form 4 reports this as a derivative disposition (code E) for 50,000 underlying shares at $0.81, shown as $40,500. This was not an open-market sale or purchase of common stock — the options simply lapsed.

Key Details

• Transaction date: 2026-04-06; filing date: 2026-04-07 (timely).
• Reported derivative disposition: 50,000 options at approx. US$0.81 per share — reported value $40,500. (Code E = expired/unexercisable.)
• Shares owned after transaction: not specified in the Form 4 filing.
• Notable footnotes: the expired options were 50,000 issued at CAD$1.02 (~US$0.81). Mr. Williams also has other outstanding option grants:
  • 150,000 options at CAD$0.50 (~US$0.39) dated 4/1/2022 (vest 2%/month)
  • 50,000 options at CAD$0.30 (~US$0.22) dated 2/21/2023 (vest 2%/month)
  • 168,750 options at CAD$0.20 (~US$0.147) dated 3/26/2024 (vest 2%/month)
  • 50,000 options at CAD$0.25 (~US$0.18) dated 8/21/2025
• No indication of a 10b5-1 plan, tax withholding sale, or late filing in this report.

Context
An option expiration means the holder did not exercise the right to buy shares before expiry; no shares changed hands and no proceeds were received. For retail investors, expirations are neutral informationally (not an active sell of stock), though they can slightly reduce the pool of potentially dilutive options outstanding. Mr. Williams is reported as a 10% owner, so this is owner-level activity rather than a typical executive open-market trade.