Michael J. Koss - Mar 23, 2022 Form 4 Insider Report for KOSS CORP (KOSS)

Role
President and CEO, Director, 10%+ Owner
Signature
/s/ Kim M. Schulte, as attorney-in-fact
Stock symbol
KOSS
Transactions as of
Mar 23, 2022
Transactions value $
$0
Form type
4
Date filed
6/3/2022, 04:00 PM
Previous filing
Sep 2, 2021
Next filing
Aug 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KOSS Common Stock Deposit into or withdrawal from voting trust $0 -1M -100% $0.00* 0 Mar 23, 2022 As co-trustee of Koss Family Trust F1
transaction KOSS Common Stock Deposit into or withdrawal from voting trust $0 -708K -100% $0.00* 0 Mar 23, 2022 As co-trustee of Nancy Koss Trust F2
transaction KOSS Common Stock Deposit into or withdrawal from voting trust $0 -984K -100% $0.00* 0 Mar 23, 2022 By family corporation F3
transaction KOSS Common Stock Deposit into or withdrawal from voting trust $0 +2.7M $0.00 2.7M Mar 23, 2022 As voting trustee F4
holding KOSS Common Stock 775K Mar 23, 2022 Direct
holding KOSS Common Stock 27K Mar 23, 2022 As co-trustee of trusts for children F5
holding KOSS Common Stock 158K Mar 23, 2022 ESOP
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were distributed upon the dissolution of the Koss Family Trust for no consideration to Michael J. Koss, as voting trustee of the voting trust established pursuant to that certain Restatement of Koss Family Voting Trust, dated March 23, 2022 (the "Voting Trust").
F2 These shares were distributed upon the dissolution of the Nancy Koss Trust for no consideration to Michael J. Koss, as voting trustee of the Voting Trust.
F3 These shares were transferred from the family corporation for no consideration to Michael J. Koss, as voting trustee of the Voting Trust.
F4 The reporting person holds these shares in his capacity as voting trustee of the voting trust established by that certain Restatement of Koss Family Voting Trust, dated March 23, 2022. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F5 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.