KIDOZ INC.|4Feb 6, 7:00 PM ET

Kalborg Claes 4

4 · KIDOZ INC. · Filed Feb 6, 2026

AI-generated summary of this filing

Updated Feb 7, 2026

Kidoz (KDOZF) Director Claes Kalborg Lets 50,000 Options Expire

What Happened

Claes Kalborg, a director of Kidoz Inc. (KDOZF), had 50,000 stock options at an exercise price of CAD$0.50 (≈ US$0.39) expire unexercised on February 1, 2026. The filing records this as a derivative disposition with an indicative value of about $19,500. No shares were purchased or sold — the options simply lapsed.

Key Details

Transaction date: 2026-02-01 (reported on Form 4 filed 2026-02-06 — filing appears late relative to the usual 2-business-day Form 4 deadline).
Transaction type/code: Expiration of short derivative position (E) — options expired unexercised (derivative disposal).
Price/strike: CAD$0.50 per option (≈ US$0.39).
Not a share sale or open-market trade; no new shares issued or transferred as a result of this event.
Shares owned after transaction: Not specified in the provided filing details.
Relevant footnotes from the filing:
- F1: The 50,000 options expired unexercised (CAD$0.50 / ≈ US$0.39).
- F2–F6: Mr. Kalborg holds multiple option grants from 2021–2025 at various strikes and vesting schedules (other grants include strikes at CAD$1.02, CAD$0.30, CAD$0.20, CAD$0.25, vesting generally at 2% per month).

Context

When options expire unexercised, the holder elects not to buy shares at the option strike; this is not a sale of existing shares and does not directly signal buying interest. It does, however, reduce potential future dilution from that specific option grant.
The filing was submitted a few days after the transaction date; late Form 4s reduce timely transparency for investors.

Form 4

Period: 2026-02-01

Director

Transactions

Expiration
Employee Stock Option (Right to Buy)
[F1]
2026-02-01$0.39/sh−50,000$19,500→ 431,250 total
Exercise: $0.39From: 2021-02-01Exp: 2026-02-01→ Common Stock (50,000 underlying)

Holdings

Employee Stock Option (Right to Buy)
[F2]
Exercise: $0.81From: 2021-04-06Exp: 2026-04-06→ Common Stock (50,000 underlying)
431,250
Employee Stock Option (Right to Buy)
[F3]
Exercise: $0.39From: 2022-02-21Exp: 2027-02-01→ Common Stock (50,000 underlying)
431,250
Employee Stock Option (Right to Buy)
[F4]
Exercise: $0.22From: 2023-02-21Exp: 2028-02-21→ Common Stock (50,000 underlying)
431,250
Employee Stock Option (Right to Buy)
[F5]
Exercise: $0.15From: 2024-03-26Exp: 2029-03-25→ Common Stock (231,250 underlying)
431,250
Employee Stock Option (Right to Buy)
[F6]
Exercise: $0.18From: 2025-08-21Exp: 2030-08-21→ Common Stock (50,000 underlying)
431,250

Footnotes (6)

[F1]Mr C. Kalborg 50,000 options in Kidoz Inc at CAD$0.50 (approximately US$0.39) expired unexercised.
[F2]Mr. C. Kalborg was granted 50,000 stock options at CAD$1.02 (approximately US$0.813) on April 6, 2021. These options vest at 2% per month.
[F3]Mr. C. Kalborg was granted 50,000 stock options at CAD$0.50 (approximately US$0.39) on February 1, 2022. These options vest at 2% per month.
[F4]Mr. C. Kalborg was granted 50,000 stock options at CAD$0.30 (Approximately US$0.22) on February 21, 2023. These options vest at 2% per month.
[F5]Mr. C. Kalborg was granted 231,250 stock options at CAD$0.20 (US$0.147) on March 26, 2024. These options vest at 2 percent per month.
[F6]Mr. C. Kalborg was granted 50,000 options of Kidoz Inc. with an exercise price of CAD$0.25 (approximately US$0.18) on August 21, 2025.

Signature

/s/ C. Kalborg|2026-02-06

1 file