Kalborg Claes 4

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.