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(a) The Reporting Person beneficially owns 2,962,810 Common Shares, representing approximately 32.5% of the Common Shares issued and outstanding. The percentages are computed based on
9,111,706 Common Shares outstanding as of September 2, 2021.
(b) The Reporting Person has:
(i) sole power to vote or direct the vote of 151,028 Common Shares;
(ii) shared power to vote or direct the vote of 2,811,782 Common Shares;
(iii) sole power to dispose or direct the disposition of 151,028 Common Shares; and
(iv) shared power to dispose or direct the disposition of 2,811,782 Common Shares.
The Family Trust, the Reporting Person (as co-trustee of the Family Trust) and Michael J. Koss (as co-trustee of the Family Trust) may be deemed to have shared voting and dispositive power with
respect to the 1,000,885 Common Shares held by the Family Trust. Michael J. Koss is a citizen of the United States of America. The principal business address of Michael J. Koss is 4129 North Port Washington Avenue, Milwaukee, Wisconsin,
53212; and his principal occupation is President and Chief Executive Officer of the Issuer.
KFT, and the Reporting Person and Michael J. Koss (who together hold power of attorney for their father, the sole stockholder of the voting stock of KFT) may be deemed to have shared voting and
dispositive power with respect to the 983,800 Common Shares held by KFT.
The Reporting Person, Principal Financial Group (“PFG”) (as trustee of the ESOP) and the ESOP may be deemed to have shared voting and dispositive power with respect to the 119,148 Common Shares
held by the ESOP that are allocated to the Reporting Person’s account thereunder. PFG is a corporation incorporated under the laws of the State of Delaware. Its common stock is publicly traded on the New York Stock Exchange under the ticker
symbol PFG. PFG is a holding company. The address of its principal business and principal office is 711 High Street, Des Moines, IA 50392.
The 2012 Trust, the Reporting Person (as co-trustee of the 2012 Trust) and Michael J. Koss (as co-trustee of the 2012 Trust) may be deemed to share voting and dispositive power with respect to
the 707,949 Common Shares held by the Trust. The Trust is organized under the laws of Wisconsin. The principal business address of the 2012 Trust is 1492 W. Calumet Ct Milwaukee, WI 53217. The principal business of the 2012 Trust is
holding, managing and distributing the property of the 2012 Trust and the proceeds therefrom.
During the last five years, Michael J. Koss has not been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding
of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with respect to such laws.
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