Koss Corp (KOSS) CFO awarded 50,000 stock options at $4.30
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Koss Corp Chief Financial Officer Kim M. Schulte reported a compensation-related award of stock options. She received 50,000 stock options to buy Koss common stock at an exercise price of $4.30 per share, expiring on May 6, 2036. These options vest in five equal annual installments beginning on May 6, 2027, meaning the award becomes exercisable gradually over five years. Following this grant, she holds 50,000 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schulte Kim M.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) | 50,000 | $0.00 | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 50,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 50,000 options
Exercise price: $4.30 per share
Expiration date: May 6, 2036
+2 more
5 metrics
Options granted
50,000 options
Stock options award to CFO Kim M. Schulte
Exercise price
$4.30 per share
Stock option strike price
Expiration date
May 6, 2036
Option term end date
Vesting schedule
5 equal annual installments
Begins May 6, 2027
Options held after grant
50,000 options
Total derivative holdings following transaction
Key Terms
Stock Options (Right to Buy), exercise price, expiration date, Common Stock, +1 more
5 terms
Stock Options (Right to Buy) financial
"security_title: "Stock Options (Right to Buy)""
exercise price financial
"conversion_or_exercise_price: "4.3000""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: "2036-05-06T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
Common Stock financial
"underlying_security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What insider transaction did KOSS CFO Kim M. Schulte report on this Form 4?
Kim M. Schulte reported receiving a grant of 50,000 stock options. The options give her the right to buy Koss common stock at $4.30 per share and represent a compensation award rather than an open-market purchase or sale.
What are the key terms of the KOSS CFO’s 50,000 stock option grant?
The CFO’s grant covers 50,000 stock options with a $4.30 exercise price. The options expire on May 6, 2036, giving a long exercise window, and are tied to Koss common stock as the underlying security.
How do the KOSS CFO’s new stock options vest over time?
The 50,000 stock options vest in five equal annual installments beginning May 6, 2027. Each year, one-fifth of the grant becomes exercisable, gradually increasing the CFO’s ability to purchase shares over a five-year period.
How many KOSS stock options does the CFO hold after this reported grant?
After this transaction, the Form 4 shows the CFO directly holding 50,000 stock options. These options all relate to the new grant reported and are subject to the stated vesting schedule and the $4.30 exercise price.