David D. Smith - Jul 1, 2021 Form 4 Insider Report for KOSS CORP (KOSS)

Role
Chief Financial Officer
Signature
/s/ David D. Smith
Stock symbol
KOSS
Transactions as of
Jul 1, 2021
Transactions value $
-$809,625
Form type
4
Date filed
7/2/2021, 04:00 PM
Next filing
Aug 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KOSS Common Stock Options Exercise $300K +50K $6.00 50K Jul 1, 2021 Direct
transaction KOSS Common Stock Sale -$937K -42.5K -85% $22.05* 7.5K Jul 1, 2021 Direct F1, F2
transaction KOSS Common Stock Sale -$173K -7.5K -100% $23.00 0 Jul 1, 2021 Direct F1, F3
holding KOSS Common Stock 30 Jul 1, 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 -50K -100% $0.00* 0 Jul 1, 2021 Common Stock 50K $6.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 1, 2020.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.72 to $22.61, 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 price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.90 to $23.05, 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.
F4 This option vests in five equal annual installments beginning on July 27, 2012.