Michael J. Koss - May 26, 2021 Form 4 Insider Report for KOSS CORP (KOSS)

Signature
/s/ David D. Smith, as attorney-in-fact
Stock symbol
KOSS
Transactions as of
May 26, 2021
Transactions value $
-$191,340
Form type
4
Date filed
5/28/2021, 04:05 PM
Next filing
Jun 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KOSS Common Stock Sale -$191K -9K -1.15% $21.26* 775K May 26, 2021 Direct F1
holding KOSS Common Stock 708K May 26, 2021 As co-trustee of Nancy Koss Trust F2
holding KOSS Common Stock 1M May 26, 2021 As co-trustee of Koss Family Trust F2
holding KOSS Common Stock 37K May 26, 2021 As co-trustee of trusts for children F3
holding KOSS Common Stock 158K May 26, 2021 ESOP
holding KOSS Common Stock 984K May 26, 2021 By family corporation 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 $21.25 to $21.33, 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 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.
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 disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.