KOSS CORP — Director's Dealing 2021

Feb 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KOSS CORP (KOSS)
CIK: 0000056701
Period of Report: 2021-02-01

Reporting Person: Smith David Donnan (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-01	Common Stock	M	50000	$4.97	Acquired	75000	Direct
2021-02-01	Common Stock	M	50000	$5.30	Acquired	125000	Direct
2021-02-01	Common Stock	M	4000	$2.57	Acquired	129000	Direct
2021-02-01	Common Stock	M	20000	$2.20	Acquired	149000	Direct
2021-02-01	Common Stock	S	4000	$60.05	Disposed	145000	Direct
2021-02-01	Common Stock	S	5000	$55.50	Disposed	140000	Direct
2021-02-01	Common Stock	S	25000	$48.26	Disposed	115000	Direct
2021-02-01	Common Stock	S	15000	$47.65	Disposed	100000	Direct
2021-02-01	Common Stock	S	10000	$37.18	Disposed	90000	Direct
2021-02-01	Common Stock	S	90000	$35.83	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-01	Stock Option (Right to Buy)	$4.97	M	50000	Disposed	2022-07-25	Common Stock (50000)	Direct
2021-02-01	Stock Option (Right to Buy)	$5.30	M	50000	Disposed	2023-07-24	Common Stock (50000)	Direct
2021-02-01	Stock Option (Right to Buy)	$2.57	M	4000	Disposed	2025-07-29	Common Stock (4000)	Direct
2021-02-01	Stock Option (Right to Buy)	$2.20	M	20000	Disposed	2026-07-27	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	30	Indirect

Footnotes

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 $60.00 to $61.00, 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 $37.11 to $37.25, 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: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.60 to $36.10, 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.

F5: This option vests in five equal annual installments beginning on July 25, 2013.

F6: This option vests in five equal annual installments beginning on July 24, 2014.

F7: This option vests in five equal annual installments beginning on July 29, 2016.

F8: This option vests in five equal annual installments beginning on July 27, 2017.