KOSS CORP — Director's Dealing 2021

Jun 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KOSS CORP (KOSS)
CIK: 0000056701
Period of Report: 2021-06-01

Reporting Person: KOSS MICHAEL J (Director, President and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-06-01	Common Stock	M	11779	$1.95	Acquired	786686	Direct
2021-06-01	Common Stock	S	11779	$25.04	Disposed	774907	Direct
2021-06-02	Common Stock	M	43221	$1.95	Acquired	818128	Direct
2021-06-02	Common Stock	S	25000	$26.11	Disposed	793128	Direct
2021-06-02	Common Stock	S	10000	$28.18	Disposed	783128	Direct
2021-06-02	Common Stock	S	8221	$29.63	Disposed	774907	Direct
2021-06-02	Common Stock	S	5000	$30.00	Disposed	32000	Indirect
2021-06-02	Common Stock	S	5000	$43.00	Disposed	27000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-06-01	Stock Option (right to buy)	$1.95	M	11779	Disposed	2022-07-26	Common Stock (11779)	Direct
2021-06-02	Stock Option (right to buy)	$1.95	M	43221	Disposed	2022-07-26	Common Stock (43221)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	707949	Indirect
Common Stock	1000885	Indirect
Common Stock	158091	Indirect
Common Stock	983800	Indirect

Footnotes

F1: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.00 to $25.22, 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 $25.75 to $26.50, 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 $29.60 to $29.70, 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: 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.

F5: 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.

F6: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

F7: This option vests in four equal annual installments beginning on July 26, 2018.