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: KOSS JOHN C JR (Vice President - Sales, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-13	Common Stock	J	24000	$0.00	Disposed	8000	Indirect
2020-01-23	Common Stock	J	8000	$0.00	Disposed	0	Indirect
2021-02-01	Common Stock	M	100000	$2.42	Acquired	456294	Direct
2021-02-01	Common Stock	M	75000	$1.95	Acquired	531294	Direct
2021-02-01	Common Stock	M	50000	$2.92	Acquired	581294	Direct
2021-02-01	Common Stock	M	25000	$2.17	Acquired	606294	Direct
2021-02-01	Common Stock	S	12267	$45.62	Disposed	594027	Direct
2021-02-01	Common Stock	S	96250	$42.24	Disposed	497777	Direct
2021-02-01	Common Stock	S	35283	$41.11	Disposed	462494	Direct
2021-02-01	Common Stock	S	47033	$39.13	Disposed	415461	Direct
2021-02-01	Common Stock	S	16000	$38.26	Disposed	399461	Direct
2021-02-01	Common Stock	S	43167	$36.63	Disposed	356294	Direct
2021-02-01	Common Stock	S	25000	$35.06	Disposed	331294	Direct
2021-02-01	Common Stock	S	10000	$34.04	Disposed	321294	Direct
2021-02-01	Common Stock	S	10000	$55.18	Disposed	17779	Indirect
2021-02-01	Common Stock	S	17779	$49.47	Disposed	0	Indirect
2021-02-01	Common Stock	S	25000	$48.26	Disposed	832949	Indirect
2021-02-01	Common Stock	S	5000	$44.00	Disposed	827949	Indirect
2021-02-01	Common Stock	S	20000	$41.81	Disposed	807949	Indirect
2021-02-01	Common Stock	S	20000	$35.01	Disposed	787949	Indirect
2021-02-02	Common Stock	S	35000	$23.56	Disposed	286294	Direct
2021-02-02	Common Stock	S	5133	$18.07	Disposed	281161	Direct
2021-02-02	Common Stock	S	30000	$19.84	Disposed	757949	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-01	Stock Option (right to buy)	$2.42	M	100000	Disposed	2021-07-27	Common Stock (100000)	Direct
2021-02-01	Stock Option (right to buy)	$1.95	M	75000	Disposed	2022-07-26	Common Stock (75000)	Direct
2021-02-01	Stock Option (right to buy)	$2.92	M	50000	Disposed	2023-07-25	Common Stock (50000)	Direct
2021-02-01	Stock Option (right to buy)	$2.17	M	25000	Disposed	2024-07-24	Common Stock (25000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	119392	Indirect
Common Stock	1000885	Indirect

Footnotes

F1: The transaction is a distribution of shares of Common Stock, for no consideration, from a custodial account of which the reporting person served as custodian, to the reporting person's adult daughter, who does not share the reporting person's household.

F2: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.02 to $42.56, 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 $40.70 to $41.40, 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 $38.60 to $39.60, 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: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.05 to $38.50, 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.

F6: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.75 to $37.05, 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.

F7: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.02 to $35.20, 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.

F8: 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.

F9: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.50 to $42.11, 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.

F10: 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.

F11: This option vests in four equal annual installments beginning on July 27, 2017.

F12: This option vests in four equal annual installments beginning on July 26, 2018.

F13: This option vests in four equal annual installments beginning on July 25, 2019.

F14: This option vests in four equal annual installments beginning on July 24, 2020.