MICHAEL J. KOSS - 31 Aug 2021 Form 4 Insider Report for KOSS CORP (KOSS)

Role
President and CEO, Director, 10%+ Owner
Signature
/s/ David D. Smith, as attorney-in-fact
Issuer symbol
KOSS
Transactions as of
31 Aug 2021
Transactions value $
-$165,787
Form type
4
Filing time
02 Sep 2021, 16:05:17 UTC
Previous filing
31 Aug 2021
Next filing
03 Jun 2022
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 $17,979 +9,220 +1.2% $1.95 784,127 31 Aug 2021 Direct
transaction KOSS Common Stock Sale -$170,662 -9,220 -1.2% $18.51* 774,907 31 Aug 2021 Direct F1
transaction KOSS Common Stock Options Exercise $1,521 +780 +0.1% $1.95 775,687 01 Sep 2021 Direct
transaction KOSS Common Stock Sale -$14,625 -780 -0.1% $18.75* 774,907 01 Sep 2021 Direct
holding KOSS Common Stock 27,000 31 Aug 2021 As co-trustee of trusts for children F2
holding KOSS Common Stock 1,000,885 31 Aug 2021 As co-trustee of Koss Family Trust F3
holding KOSS Common Stock 707,949 31 Aug 2021 As co-trustee of Nancy Koss Trust F3
holding KOSS Common Stock 157,801 31 Aug 2021 ESOP
holding KOSS Common Stock 983,800 31 Aug 2021 By family corporation F4

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 -9,220 -50% $0 9,280 31 Aug 2021 Common Stock 9,220 $1.95 Direct F5
transaction KOSS Stock Option (right to buy) Options Exercise $0 -780 -8.4% $0 8,500 01 Sep 2021 Common Stock 780 $1.95 Direct F5
* 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 $18.50 to $18.57, 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 These shares are held through two separate trusts. Each trust benefits an adult child of the reporting person. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
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 The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F5 This option vested in four equal annual installments beginning on July 26, 2018.