Michael J. Koss Jr - Aug 25, 2021 Form 4 Insider Report for KOSS CORP (KOSS)

Role
VP - Marketing & Product
Signature
/s/ David D. Smith, as attorney-in-fact
Stock symbol
KOSS
Transactions as of
Aug 25, 2021
Transactions value $
-$482,550
Form type
4
Date filed
8/26/2021, 06:13 PM
Previous filing
Jun 16, 2021
Next filing
Sep 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KOSS Common Stock Options Exercise $29.3K +15K +57.69% $1.95 41K Aug 25, 2021 Direct
transaction KOSS Common Stock Options Exercise $28.5K +15K +36.59% $1.90 56K Aug 25, 2021 Direct
transaction KOSS Common Stock Sale -$540K -30K -53.57% $18.01 26K Aug 25, 2021 Direct F1
holding KOSS Common Stock 11 Aug 25, 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 -15K -100% $0.00* 0 Aug 25, 2021 Common Stock 15K $1.95 Direct F2
transaction KOSS Stock Option (right to buy) Options Exercise $0 -15K -18.75% $0.00 65K Aug 25, 2021 Common Stock 15K $1.90 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 $18.00 to $18.02, 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 vests in four equal annual installments beginning on July 26, 2018.
F3 These Stock Options vest in four equal annual installments beginning on July 22, 2021.