MICHAEL J. KOSS - 01 Jun 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
01 Jun 2021
Net transactions value
-$1,730,834
Form type
4
Filing time
03 Jun 2021, 16:13:16 UTC
Previous filing
28 May 2021
Next filing
19 Aug 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 $22,969 +11,779 +1.5% $1.95 786,686 01 Jun 2021 Direct
transaction KOSS Common Stock Sale $294,946 -11,779 -1.5% $25.04* 774,907 01 Jun 2021 Direct F1
transaction KOSS Common Stock Options Exercise $84,281 +43,221 +5.6% $1.95 818,128 02 Jun 2021 Direct
transaction KOSS Common Stock Sale $652,750 -25,000 -3.1% $26.11* 793,128 02 Jun 2021 Direct F2
transaction KOSS Common Stock Sale $281,800 -10,000 -1.3% $28.18* 783,128 02 Jun 2021 Direct
transaction KOSS Common Stock Sale $243,588 -8,221 -1% $29.63* 774,907 02 Jun 2021 Direct F3
transaction KOSS Common Stock Sale $150,000 -5,000 -14% $30.00* 32,000 02 Jun 2021 As co-trustee of trusts for children F4
transaction KOSS Common Stock Sale $215,000 -5,000 -16% $43.00* 27,000 02 Jun 2021 As co-trustee of trusts for children F4
holding KOSS Common Stock 707,949 01 Jun 2021 As co-trustee of Nancy Koss Trust F5
holding KOSS Common Stock 1,000,885 01 Jun 2021 As co-trustee of Koss Family Trust F5
holding KOSS Common Stock 158,091 01 Jun 2021 ESOP
holding KOSS Common Stock 983,800 01 Jun 2021 By family corporation F6

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 -11,779 -12% $0.000000 88,221 01 Jun 2021 Common Stock 11,779 $1.95 Direct F7
transaction KOSS Stock Option (right to buy) Options Exercise $0 -43,221 -49% $0.000000 45,000 02 Jun 2021 Common Stock 43,221 $1.95 Direct F7
* 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 $25.00 to $25.22, 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 $25.75 to $26.50, 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 price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.60 to $29.70, 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.
F4 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.
F5 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.
F6 The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F7 This option vests in four equal annual installments beginning on July 26, 2018.