John T. Hanson - 01 Apr 2023 Form 4 Insider Report for Turtle Beach Corp (TBCH)

Role
CFO, Treasurer and Secretary
Signature
/s/ John T. Hanson
Issuer symbol
TBCH
Transactions as of
01 Apr 2023
Net transactions value
-$103,176
Form type
4
Filing time
04 Apr 2023, 16:58:52 UTC
Previous filing
19 May 2022
Next filing
19 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 +5,000 +16% 35,398 01 Apr 2023 Direct F1
transaction HEAR Common Stock Options Exercise +6,875 +19% 42,273 01 Apr 2023 Direct F1
transaction HEAR Common Stock Options Exercise +4,500 +11% 46,773 01 Apr 2023 Direct F1
transaction HEAR Common Stock Options Exercise +6,000 +13% 52,773 01 Apr 2023 Direct F1
transaction HEAR Common Stock Tax liability $103,176 -10,297 -20% $10.02 42,476 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 -5,000 -100% $0.000000* 0 01 Apr 2023 Common Stock 5,000 Direct F3, F4
transaction HEAR Restricted Stock Units Options Exercise $0 -6,875 -50% $0.000000 6,875 01 Apr 2023 Common Stock 6,875 Direct F3, F5
transaction HEAR Restricted Stock Units Options Exercise $0 -4,500 -33% $0.000000 9,000 01 Apr 2023 Common Stock 4,500 Direct F3, F6
transaction HEAR Restricted Stock Units Options Exercise $0 -6,000 -25% $0.000000 18,000 01 Apr 2023 Common Stock 6,000 Direct F3, F7
transaction HEAR Restricted Stock Units Award $0 +31,500 $0.000000 31,500 01 Apr 2023 Common Stock 31,500 Direct F3, F8
holding HEAR Restricted Stock Units 5,980 01 Apr 2023 Common Stock 5,980 Direct F3, F9
holding HEAR Stock Option (Right to Buy) 2,696 01 Apr 2023 Common Stock 2,696 $2.04 Direct F10
holding HEAR Stock Option (Right to Buy) 14,167 01 Apr 2023 Common Stock 14,167 $12.10 Direct F10
holding HEAR Stock Option (Right to Buy) 33,230 01 Apr 2023 Common Stock 33,230 $5.95 Direct F11
holding HEAR Stock Option (Right to Buy) 29,391 01 Apr 2023 Common Stock 29,391 $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.