Juergen M. Stark - 01 Apr 2023 Form 4 Insider Report for Turtle Beach Corp (TBCH)

Role
CEO & President, Director
Signature
/s/ Juergen Stark
Issuer symbol
TBCH
Transactions as of
01 Apr 2023
Net transactions value
-$280,049
Form type
4
Filing time
04 Apr 2023, 16:57:48 UTC
Previous filing
19 May 2022
Next filing
02 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HEAR Common Stock Options Exercise +14,375 +10% 156,999 01 Apr 2023 Direct F1
transaction HEAR Common Stock Options Exercise +13,250 +8.4% 170,249 01 Apr 2023 Direct F1
transaction HEAR Common Stock Options Exercise +12,500 +7.3% 182,749 01 Apr 2023 Direct F1
transaction HEAR Common Stock Options Exercise +16,250 +8.9% 198,999 01 Apr 2023 Direct F1
transaction HEAR Common Stock Tax liability $280,049 -27,949 -14% $10.02 171,050 01 Apr 2023 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 HEAR Restricted Stock Units Options Exercise $0 -14,375 -50% $0.000000 14,375 01 Apr 2023 Common Stock 14,375 Direct F3, F4
transaction HEAR Restricted Stock Units Options Exercise $0 -13,250 -100% $0.000000* 0 01 Apr 2023 Common Stock 13,250 Direct F3, F5
transaction HEAR Restricted Stock Units Options Exercise $0 -12,500 -33% $0.000000 25,000 01 Apr 2023 Common Stock 12,500 Direct F3, F6
transaction HEAR Restricted Stock Units Options Exercise $0 -16,250 -25% $0.000000 48,750 01 Apr 2023 Common Stock 16,250 Direct F3, F7
transaction HEAR Restricted Stock Units Award $0 +85,000 $0.000000 85,000 01 Apr 2023 Common Stock 85,000 Direct F3, F8
holding HEAR Restricted Stock Units 9,570 01 Apr 2023 Common Stock 9,570 Direct F3, F9
holding HEAR Stock Option (Right to Buy) 70,000 01 Apr 2023 Common Stock 70,000 $7.24 Direct F10
holding HEAR Stock Option (Right to Buy) 112,500 01 Apr 2023 Common Stock 112,500 $4.64 Direct F10
holding HEAR Stock Option (Right to Buy) 92,500 01 Apr 2023 Common Stock 92,500 $2.04 Direct F10
holding HEAR Stock Option (Right to Buy) 112,500 01 Apr 2023 Common Stock 112,500 $3.12 Direct F10
holding HEAR Stock Option (Right to Buy) 105,000 01 Apr 2023 Common Stock 105,000 $12.10 Direct F10
holding HEAR Stock Option (Right to Buy) 115,000 01 Apr 2023 Common Stock 115,000 $5.95 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units were converted into common stock on a one-for-one basis.
F2 Represents shares withheld to satisfy tax withholding obligations upon the vesting of the shares of restricted stock awarded to the reporting person.
F3 The securities are restricted stock units representing a contingent right to receive one share of Turtle Beach Corporation common stock or, cash with a value equal to the fair market value of the underlying common stock or, a combination thereof.
F4 These restricted stock units vest in equal annual installments until April 1, 2024.
F5 These restricted stock units vested in full on April 1, 2023.
F6 These restricted stock units vest in equal annual installments until April 1, 2025.
F7 These restricted stock units vest in equal annual installments until April 1, 2026.
F8 One-quarter of these restricted stock units will vest on April 1, 2024, with the remainder of the restricted stock units vesting in equal annual installments until April 1, 2027.
F9 These restricted stock units will vest in full on May 17, 2023, subject to continued employment in good standing through such date.
F10 All options were exercisable as of the transaction date.
F11 These options are scheduled to vest in equal monthly installments until April 1, 2024.