Cris Keirn - 09 May 2025 Form 4 Insider Report for Turtle Beach Corp (TBCH)

Signature
/s/ Megan S. Wynne, attorney-in-fact for Cris Keirn
Issuer symbol
TBCH
Transactions as of
09 May 2025
Net transactions value
-$37,659
Form type
4
Filing time
12 May 2025, 16:51:54 UTC
Previous filing
02 Apr 2025
Next filing
13 Mar 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Keirn Cris CEO, Director C/O TURTLE BEACH CORPORATION, 15822 BERNARDO CENTER DRIVE, SUITE 105, SAN DIEGO /s/ Megan S. Wynne, attorney-in-fact for Cris Keirn 12 May 2025 0001984120

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TBCH Common Stock Options Exercise +6,920 +13% 61,648 09 May 2025 Direct F1
transaction TBCH Common Stock Tax liability $37,659 -3,513 -5.7% $10.72 58,135 09 May 2025 Direct F2

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 TBCH Performance Stock Units Award $0 +20,971 $0.000000 20,971 09 May 2025 Common stock 20,971 Direct F3, F4
transaction TBCH Performance Stock Units Options Exercise $0 -6,920 -33% $0.000000 14,051 09 May 2025 Common stock 6,920 Direct F3, F5
holding TBCH Restricted Stock Units 5,250 09 May 2025 Common stock 5,250 Direct F6, F7
holding TBCH Restricted Stock Units 14,000 09 May 2025 Common stock 7,000 Direct F6, F8
holding TBCH Restricted Stock Units 19,656 09 May 2025 Common stock 6,552 Direct F6, F9
holding TBCH Restricted Stock Units 34,176 09 May 2025 Common stock 34,176 Direct F6, F10
holding TBCH Stock Option (Right to Buy) 19,167 09 May 2025 Common stock 19,167 $12.10 Direct F11
holding TBCH Stock Option (Right to Buy) 12,605 09 May 2025 Common stock 12,605 $5.95 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance stock units ("PSUs") were converted into common stock on a one-for-one basis.
F2 Represents shares withheld to satisfy tax withholding obligations upon the vesting of PSUs awarded to the reporting person.
F3 These securities are PSUs representing a contingent right to receive one share of common stock.
F4 Acquired upon achievement of certain performance criteria of PSUs granted to the reporting person on April 1, 2024 under the Turtle Beach Corporation 2023 Stock Based Incentive Compensation Plan. Performance was measured over 13 months (April 1, 2024 through May 9, 2025) with respect to a stock price performance metric and 12 months (Q2 2024 through Q1 2025) with respect to an Adjusted EBITDA performance metric, with additional time-based vesting for earned units over two years.
F5 These PSUs vest as follows: 33% on May 9, 2025, 33% on April 1, 2026 and 34% on April 1, 2027.
F6 The securities are restricted stock units ("RSUs") representing a contingent right to receive one share of common stock or cash with a value equal to the fair market value of the underlying common stock or a combination thereof.
F7 These RSUs vest in equal annual installments until April 1, 2026.
F8 These RSUs vest in equal annual installments until April 1, 2027.
F9 These RSUs vest in equal annual installments until April 1, 2028.
F10 One-quarter of these RSUs will vest on April 1, 2026, with the remainder of the RSUs vesting in equal annual installments until April 1, 2029.
F11 These options were exercisable as of the transaction date.