Form 4: Koss Corp CEO Michael J. Koss Reports Transaction
SEC Form 4 Filing
Michael J. Koss, President and CEO of Koss Corporation, reports a transaction involving the distribution of 15,000 common stock shares from a trust and adjustments to beneficial ownership.
Summary
- On May 30, 2024, Michael J. Koss, the President and CEO of Koss Corporation, reported a transaction.
- The transaction involved the distribution of 15,000 shares of common stock from a trust benefiting an adult child, with the shares disposed of at a price of $0.
- Following the transaction, Koss directly owns 774,907 shares of common stock.
- Koss also indirectly owns 2,696,634 shares as a voting trustee and 157,801 shares through an ESOP.
- Additionally, he indirectly owns 12,000 shares as co-trustee of a trust for his child.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting a transaction. It doesn't convey any positive or negative sentiment about the company's performance or prospects.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common practice in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/23/2022 | Date of Restatement of Koss Family Voting Trust |
| 05/30/2024 | Date of transaction involving common stock distribution |
| 05/31/2024 | Date of signature for the report |
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