John C. Koss Jr. - 20 May 2024 Form 4 Insider Report for KOSS CORP (KOSS)

Signature
/s/ Kim M. Schulte, as attorney-in-fact
Issuer symbol
KOSS
Transactions as of
20 May 2024
Net transactions value
-$77,000
Form type
4
Filing time
21 May 2024, 17:02:58 UTC
Previous filing
03 Jun 2022
Next filing
16 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KOSS Common Stock Options Exercise $54,250 +25,000 +13% $2.17 221,028 20 May 2024 Direct
transaction KOSS Common Stock Sale $131,250 -25,000 -11% $5.25 196,028 20 May 2024 Direct F1
holding KOSS Common Stock 74,148 20 May 2024 ESOP
holding KOSS Common Stock 539,326 20 May 2024 By family trusts F2

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 -25,000 -50% $0.000000 25,000 20 May 2024 Common Stock 25,000 $2.17 Direct F3
* 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 $5.25 to $5.26, 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 Number of shares represents the proportional interest in shares subject to Restatement of the Koss Family Voting Trust Agreement, dated March 23, 2022 of two trusts for the benefit of descendents of the reporting person for which the reporting person serves as trustee . The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F3 This option vests in four equal annual installments beginning on 07/24/2020.