Curtis Fiona Mary 4
Research Summary
AI-generated summary
KIDOZ (KDOZF) Director Fiona Curtis: 50,000 Options Expire
What Happened
Fiona Mary Curtis, a director of KIDOZ Inc. (OTC: KDOZF), had 50,000 stock options with an exercise price of CAD$1.02 (≈US$0.81) expire unexercised on April 6, 2026. The Form 4 records this as an "expiration of short derivative position" (transaction code E) and shows a derivative disposition valued at $40,500. Because the options expired, no shares were issued and no cash proceeds were received by the insider.
Key Details
- Transaction date: April 6, 2026; Filing date: April 8, 2026 (appears timely).
- Instrument: 50,000 options at CAD$1.02 (≈US$0.81) — expired unexercised; reported value $40,500 (derivative).
- Transaction code: E (expiration of short derivative position / disposal).
- Shares owned after transaction: the filing does not report a change in common shares; the expiration reduces outstanding option holdings by 50,000.
- Notable footnotes from the filing:
- F1: The 50,000 options expired unexercised (CAD$1.02 strike).
- F2–F5: Ms. Curtis holds other option grants (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 schedules (notably many vest at 2% per month).
- No 10b5-1 plan, tax-withholding sale, or other special sale mechanics are reported in this filing.
Context
An option expiration is a disposal of a derivative right — the holder simply lost the right to buy shares at that strike and received no proceeds. This is different from a deliberate open-market sale. Ms. Curtis still appears to hold multiple other option grants with various exercise prices and vesting schedules (see footnotes), which could lead to future exercises if vested and in-the-money. The filing was made within a standard two-business-day window after the transaction date, so it appears timely.