David D. Smith - 01 Jul 2021 Form 4 Insider Report for KOSS CORP (KOSS)

Role
Chief Financial Officer
Signature
/s/ David D. Smith
Issuer symbol
KOSS
Transactions as of
01 Jul 2021
Net transactions value
-$809,625
Form type
4
Filing time
02 Jul 2021, 16:00:50 UTC
Next filing
26 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 $300,000 +50,000 $6.00 50,000 01 Jul 2021 Direct
transaction KOSS Common Stock Sale $937,125 -42,500 -85% $22.05* 7,500 01 Jul 2021 Direct F1, F2
transaction KOSS Common Stock Sale $172,500 -7,500 -100% $23.00* 0 01 Jul 2021 Direct F1, F3
holding KOSS Common Stock 30 01 Jul 2021 ESOP

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 -50,000 -100% $0.000000* 0 01 Jul 2021 Common Stock 50,000 $6.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 1, 2020.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.72 to $22.61, 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 $22.90 to $23.05, 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 This option vests in five equal annual installments beginning on July 27, 2012.