Gregory Ballard - Nov 21, 2024 Form 4 Insider Report for Turtle Beach Corp (HEAR)

Role
Director
Signature
/s/ John T Hanson, attorney-in-fact for L. Gregory Ballard
Stock symbol
HEAR
Transactions as of
Nov 21, 2024
Transactions value $
-$75,930
Form type
4
Date filed
11/22/2024, 05:04 PM
Previous filing
Jun 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HEAR Common Stock Sale -$53.1K -3.54K -8.71% $15.00 37.1K Nov 21, 2024 Direct F1
transaction HEAR Common Stock Options Exercise $7.2K +2K +5.39% $3.60 39.1K Nov 21, 2024 Direct
transaction HEAR Common Stock Sale -$30K -2K -5.11% $15.00 37.1K Nov 21, 2024 Direct
holding HEAR Common Stock 2K Nov 21, 2024 By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HEAR Stock Option (Right to Buy) Options Exercise $0 -2K -27.27% $0.00 5.33K Nov 21, 2024 Common stock 2K $3.60 Direct F2
holding HEAR Stock Option (Right to Buy) 4.62K Nov 21, 2024 Common stock 4.62K $3.12 Direct F2
holding HEAR Stock Option (Right to Buy) 4.13K Nov 21, 2024 Common stock 4.13K $12.10 Direct F2
holding HEAR Stock Option (Right to Buy) 10.1K Nov 21, 2024 Common stock 10.1K $5.95 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The shares were purchased in multiple transactions at a price of $15.00. The reporting person undertakes to provide to Turtle Beach Corporation, any security holder of Turtle Beach Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased in each separate transaction.
F2 All options were exercisable as of the transaction date.