Theodore Nixon - May 28, 2021 Form 4 Insider Report for KOSS CORP (KOSS)

Role
Director
Signature
/s/ David D. Smith, as attorney-in-fact
Stock symbol
KOSS
Transactions as of
May 28, 2021
Transactions value $
-$216,600
Form type
4
Date filed
6/1/2021, 04:17 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KOSS Common Stock Options Exercise $19.2K +10K $1.92 10K May 28, 2021 Direct
transaction KOSS Common Stock Sale -$236K -10K -100% $23.58 0 May 28, 2021 Direct F1

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 -10K -100% $0.00* 0 May 28, 2021 Common Stock 10K $1.92 Direct F2
* 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 $23.15 to $23.75, 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 This option vested in three annual installments beginning on May 9, 2019, thirty-three percent (33%) on the first and second anniversary dates and thirty-four percent (34%) on the third anniversary date of the grant date.