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.
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.
. The company's stock had short interest of over 35% before its increase, putting it on many lists of most heavily shorted stocks. By buying the shares, the traders hoped to force short sellers to cover their positions at a loss and abandon the trades., he or she borrows the shares with the belief its price will fall. Then, the investor can buy the stock at a profit.
Good for them, they make a good product
Very smart - holding the majority of the company, in the period after earning they can trade, and having to do nothing with the meme stock mania their company got swept into....
Thank you wsb for making us rich lmao
lol $gme bagholders giving more money to the rich
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Smart.