JOHN C. KOSS JR - 27 Aug 2021 Form 4 Insider Report for KOSS CORP (KOSS)

Role
Vice President - Sales, 10%+ Owner
Signature
/s/ David D. Smith, as attorney-in-fact
Issuer symbol
KOSS
Transactions as of
27 Aug 2021
Net transactions value
-$243,400
Form type
4
Filing time
31 Aug 2021, 16:05:23 UTC
Previous filing
26 Aug 2021
Next filing
02 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KOSS Common Stock Options Exercise $19,000 +10,000 +6.6% $1.90 161,028 27 Aug 2021 Direct
transaction KOSS Common Stock Sale $180,600 -10,000 -6.2% $18.06* 151,028 27 Aug 2021 Direct F1
transaction KOSS Common Stock Options Exercise $9,500 +5,000 +3.3% $1.90 156,028 30 Aug 2021 Direct
transaction KOSS Common Stock Sale $91,300 -5,000 -3.2% $18.26* 151,028 30 Aug 2021 Direct F2
holding KOSS Common Stock 707,949 27 Aug 2021 As co-trustee of Nancy Koss Trust F3
holding KOSS Common Stock 119,148 27 Aug 2021 ESOP
holding KOSS Common Stock 1,000,885 27 Aug 2021 As co-trustee of Koss Family Trust F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KOSS Stock Option (right to buy) Options Exercise $0 -10,000 -10% $0.000000 90,000 27 Aug 2021 Common Stock 10,000 $1.90 Direct F4
transaction KOSS Stock Option (right to buy) Options Exercise $0 -5,000 -5.6% $0.000000 85,000 30 Aug 2021 Common Stock 5,000 $1.90 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.15, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.25 to $18.28, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The reporting person and members of his immediate family are the sole beneficiaries of the trust. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F4 These Stock Options vest in four equal annual installments beginning on July 22, 2021.