Michael J. Koss - Aug 27, 2021 Form 4 Insider Report for KOSS CORP (KOSS)

Signature
/s/ David D. Smith, as attorney-in-fact
Stock symbol
KOSS
Transactions as of
Aug 27, 2021
Transactions value $
-$162,288
Form type
4
Date filed
8/31/2021, 04:05 PM
Previous filing
Sep 3, 2021
Next filing
Sep 2, 2021

Transactions Table

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 -4.6K -16.14% $0.00 23.9K Aug 27, 2021 Common Stock 4.6K $1.95 Direct F6
transaction KOSS Stock Option (right to buy) Options Exercise $0 -5.4K -22.59% $0.00 18.5K Aug 30, 2021 Common Stock 5.4K $1.95 Direct F6
* 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 $18.05 to $18.08, 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 $18.27 to $18.30, 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 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.
F4 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.
F5 The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F6 This option vested in four equal annual installments beginning on July 26, 2018.