KOSS JOHN C JR 4
4 · KOSS CORP · Filed May 21, 2024
Insider Transaction Report
Form 4
KOSS CORPKOSS
KOSS JOHN C JR
Vice President - Sales
Transactions
- Sale
Common Stock
2024-05-20$5.25/sh−25,000$131,250→ 196,028 total - Exercise/Conversion
Stock Option (right to buy)
2024-05-20−25,000→ 25,000 totalExercise: $2.17Exp: 2024-07-24→ Common Stock (25,000 underlying) - Exercise/Conversion
Common Stock
2024-05-20$2.17/sh+25,000$54,250→ 221,028 total
Holdings
- 539,326(indirect: By Trust)
Common Stock
- 74,148(indirect: ESOP)
Common Stock
Footnotes (3)
- [F1]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.25 to $5.26, 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]Number of shares represents the proportional interest in shares subject to Restatement of the Koss Family Voting Trust Agreement, dated March 23, 2022 of two trusts for the benefit of descendents of the reporting person for which the reporting person serves as trustee . The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [F3]This option vests in four equal annual installments beginning on 07/24/2020.