Juergen Stark - May 1, 2023 Form 4 Insider Report for Turtle Beach Corp (HEAR)

Role
CEO & President, Director
Signature
/s/ Juergen Stark
Stock symbol
HEAR
Transactions as of
May 1, 2023
Transactions value $
-$1,785,117
Form type
4
Date filed
5/2/2023, 05:06 PM
Previous filing
Apr 4, 2023
Next filing
May 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HEAR Common Stock Options Exercise +14.4K +8.4% 185K May 1, 2023 Direct F1
transaction HEAR Common Stock Options Exercise +25K +13.48% 210K May 1, 2023 Direct F1
transaction HEAR Common Stock Options Exercise +48.8K +23.17% 259K May 1, 2023 Direct F1
transaction HEAR Common Stock Options Exercise +85K +32.8% 344K May 1, 2023 Direct F1
transaction HEAR Common Stock Options Exercise +9.57K +2.78% 354K May 1, 2023 Direct F1
transaction HEAR Common Stock Award +16.7K +4.71% 370K May 1, 2023 Direct F2
transaction HEAR Common Stock Award +43.6K +11.76% 414K May 1, 2023 Direct F2
transaction HEAR Common Stock Award +85K +20.53% 499K May 1, 2023 Direct F2
transaction HEAR Common Stock Tax liability -$1.79M -163K -32.58% $10.98 336K May 1, 2023 Direct F3

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 -14.4K -100% $0.00* 0 May 1, 2023 Common Stock 14.4K Direct F1, F4
transaction HEAR Restricted Stock Units Options Exercise $0 -25K -100% $0.00* 0 May 1, 2023 Common Stock 25K Direct F1, F4
transaction HEAR Restricted Stock Units Options Exercise $0 -48.8K -100% $0.00* 0 May 1, 2023 Common Stock 48.8K Direct F1, F4
transaction HEAR Restricted Stock Units Options Exercise $0 -85K -100% $0.00* 0 May 1, 2023 Common Stock 85K Direct F1, F4
transaction HEAR Restricted Stock Units Options Exercise $0 -9.57K -100% $0.00* 0 May 1, 2023 Common Stock 9.57K Direct F1, F4
holding HEAR Stock Option (Right to Buy) 70K May 1, 2023 Common Stock 70K $7.24 Direct F5
holding HEAR Stock Option (Right to Buy) 113K May 1, 2023 Common Stock 113K $4.64 Direct F5
holding HEAR Stock Option (Right to Buy) 92.5K May 1, 2023 Common Stock 72.5K $2.04 Direct F5
holding HEAR Stock Option (Right to Buy) 113K May 1, 2023 Common Stock 113K $3.12 Direct F5
holding HEAR Stock Option (Right to Buy) 105K May 1, 2023 Common Stock 105K $12.10 Direct F5
holding HEAR Stock Option (Right to Buy) 115K May 1, 2023 Common Stock 115K $5.95 Direct F6
* 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. The vesting of the restricted stock units was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person.
F2 Performance stock units were converted into common stock on a one-for-one basis. The vesting of the performance stock units was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person.
F3 Represents shares withheld to satisfy tax withholding obligations upon the vesting of the shares of restricted stock awarded to the reporting person.
F4 The securities were 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.
F5 All options were exercisable as of the transaction date.
F6 The vesting of these options was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person.