John T. Hanson - Apr 1, 2023 Form 4 Insider Report for Turtle Beach Corp (HEAR)

Role
CFO, Treasurer and Secretary
Signature
/s/ John T. Hanson
Stock symbol
HEAR
Transactions as of
Apr 1, 2023
Transactions value $
-$103,176
Form type
4
Date filed
4/4/2023, 04:58 PM
Previous filing
May 19, 2022
Next filing
May 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HEAR Common Stock Options Exercise +5K +16.45% 35.4K Apr 1, 2023 Direct F1
transaction HEAR Common Stock Options Exercise +6.88K +19.42% 42.3K Apr 1, 2023 Direct F1
transaction HEAR Common Stock Options Exercise +4.5K +10.65% 46.8K Apr 1, 2023 Direct F1
transaction HEAR Common Stock Options Exercise +6K +12.83% 52.8K Apr 1, 2023 Direct F1
transaction HEAR Common Stock Tax liability -$103K -10.3K -19.51% $10.02 42.5K Apr 1, 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 -5K -100% $0.00* 0 Apr 1, 2023 Common Stock 5K Direct F3, F4
transaction HEAR Restricted Stock Units Options Exercise $0 -6.88K -50% $0.00 6.88K Apr 1, 2023 Common Stock 6.88K Direct F3, F5
transaction HEAR Restricted Stock Units Options Exercise $0 -4.5K -33.33% $0.00 9K Apr 1, 2023 Common Stock 4.5K Direct F3, F6
transaction HEAR Restricted Stock Units Options Exercise $0 -6K -25% $0.00 18K Apr 1, 2023 Common Stock 6K Direct F3, F7
transaction HEAR Restricted Stock Units Award $0 +31.5K $0.00 31.5K Apr 1, 2023 Common Stock 31.5K Direct F3, F8
holding HEAR Restricted Stock Units 5.98K Apr 1, 2023 Common Stock 5.98K Direct F3, F9
holding HEAR Stock Option (Right to Buy) 2.7K Apr 1, 2023 Common Stock 2.7K $2.04 Direct F10
holding HEAR Stock Option (Right to Buy) 14.2K Apr 1, 2023 Common Stock 14.2K $12.10 Direct F10
holding HEAR Stock Option (Right to Buy) 33.2K Apr 1, 2023 Common Stock 33.2K $5.95 Direct F11
holding HEAR Stock Option (Right to Buy) 29.4K Apr 1, 2023 Common Stock 29.4K $3.12 Direct F10
* 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 vested in full on April 1, 2023.
F5 These restricted stock units vest in equal annual installments until April 1, 2024.
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 All exercised options were exercisable as of the transaction date, with the remaining options scheduled to vest in equal monthly installments until April 1, 2024.