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.

Content

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.

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.