DD Support Board and Research Team

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Koss family didn't get word about the locked_float.

* "Executives, directors and members of the Koss family sold more than $44 million in stock in Koss Corp. over the past week as shares soared from the retail-investor buying frenzy.

* Members of the Koss family, who own about 75% of the headphone maker, sold $31 million of stock, according to SEC filings.

* The $31 million in sales is larger than the entire market value of the company — at about $26 million — before its share surge."

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"Executives, directors and members of the Koss family sold more than $44 million in stock in Koss Corp. over the past week as shares soared from the retail-investor buying frenzy.

Members of the Koss family, who own about 75% of the Milwaukee-based maker of headphones, sold $31 million of stock, according to filings with the Securities and Exchange Commission.

The filings suggest they sold at prices between $19 a share and over $60 a share. The company’s shares were trading under $4 a share before it became popular with the retail trading crowd and soared to over $120 a share on Jan. 28.

The $31 million in sales is larger than the entire market value of the company — at about $26 million — before its share surge. With Koss shares falling 26% Thursday afternoon, its current market cap is more than $143 million.

Within the family’s sales, Michael Koss, who serves as president and CEO of the company, sold $13.3 million worth in stock, exercising options on some shares for a net of $12.9 million. That includes some $3.6 million worth of shares that were held in a trust for which Michael Koss and John Koss Jr. were co-trustees.

John Koss Jr., who is the company’s vice president of sales, sold shares worth $13.7 million, netting $13.1 million, while Michael Koss Jr., who is its vice president of marketing and product, sold shares worth $3.9 million, garnering $3.7 million.

Nine insiders sold stock

"Directors and other executives sold a total of $13 million in shares. When reached by CNBC, a company spokesperson declined to comment."

https://www.cnbc.com/2021/02/04/koss-family-executives-cash-in-44-million-in-stock-during-short-squeeze-rally.html?recirc=taboolainternal