John C. Koss Jr - Aug 27, 2021 Form 4 Insider Report for KOSS CORP (KOSS)

Role
Vice President - Sales, 10%+ Owner
Signature
/s/ David D. Smith, as attorney-in-fact
Stock symbol
KOSS
Transactions as of
Aug 27, 2021
Transactions value $
-$243,400
Form type
4
Date filed
8/31/2021, 04:05 PM
Previous filing
Aug 26, 2021
Next filing
Sep 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KOSS Common Stock Options Exercise $19K +10K +6.62% $1.90 161K Aug 27, 2021 Direct
transaction KOSS Common Stock Sale -$181K -10K -6.21% $18.06 151K Aug 27, 2021 Direct F1
transaction KOSS Common Stock Options Exercise $9.5K +5K +3.31% $1.90 156K Aug 30, 2021 Direct
transaction KOSS Common Stock Sale -$91.3K -5K -3.2% $18.26 151K Aug 30, 2021 Direct F2
holding KOSS Common Stock 708K Aug 27, 2021 As co-trustee of Nancy Koss Trust F3
holding KOSS Common Stock 119K Aug 27, 2021 ESOP
holding KOSS Common Stock 1M Aug 27, 2021 As co-trustee of Koss Family Trust F3

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 -10% $0.00 90K Aug 27, 2021 Common Stock 10K $1.90 Direct F4
transaction KOSS Stock Option (right to buy) Options Exercise $0 -5K -5.56% $0.00 85K Aug 30, 2021 Common Stock 5K $1.90 Direct F4
* 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 $18.15, 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 $18.25 to $18.28, 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 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.
F4 These Stock Options vest in four equal annual installments beginning on July 22, 2021.