Juergen M. Stark - 01 May 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 May 2023
Net transactions value
-$1,785,117
Form type
4
Filing time
02 May 2023, 17:06:03 UTC
Previous filing
04 Apr 2023
Next filing
11 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 +8.4% 185,425 01 May 2023 Direct F1
transaction HEAR Common Stock Options Exercise +25,000 +13% 210,425 01 May 2023 Direct F1
transaction HEAR Common Stock Options Exercise +48,750 +23% 259,175 01 May 2023 Direct F1
transaction HEAR Common Stock Options Exercise +85,000 +33% 344,175 01 May 2023 Direct F1
transaction HEAR Common Stock Options Exercise +9,570 +2.8% 353,745 01 May 2023 Direct F1
transaction HEAR Common Stock Award +16,668 +4.7% 370,413 01 May 2023 Direct F2
transaction HEAR Common Stock Award +43,550 +12% 413,963 01 May 2023 Direct F2
transaction HEAR Common Stock Award +85,000 +21% 498,963 01 May 2023 Direct F2
transaction HEAR Common Stock Tax liability $1,785,117 -162,579 -33% $10.98 336,384 01 May 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 -14,375 -100% $0.000000* 0 01 May 2023 Common Stock 14,375 Direct F1, F4
transaction HEAR Restricted Stock Units Options Exercise $0 -25,000 -100% $0.000000* 0 01 May 2023 Common Stock 25,000 Direct F1, F4
transaction HEAR Restricted Stock Units Options Exercise $0 -48,750 -100% $0.000000* 0 01 May 2023 Common Stock 48,750 Direct F1, F4
transaction HEAR Restricted Stock Units Options Exercise $0 -85,000 -100% $0.000000* 0 01 May 2023 Common Stock 85,000 Direct F1, F4
transaction HEAR Restricted Stock Units Options Exercise $0 -9,570 -100% $0.000000* 0 01 May 2023 Common Stock 9,570 Direct F1, F4
holding HEAR Stock Option (Right to Buy) 70,000 01 May 2023 Common Stock 70,000 $7.24 Direct F5
holding HEAR Stock Option (Right to Buy) 112,500 01 May 2023 Common Stock 112,500 $4.64 Direct F5
holding HEAR Stock Option (Right to Buy) 92,500 01 May 2023 Common Stock 72,500 $2.04 Direct F5
holding HEAR Stock Option (Right to Buy) 112,500 01 May 2023 Common Stock 112,500 $3.12 Direct F5
holding HEAR Stock Option (Right to Buy) 105,000 01 May 2023 Common Stock 105,000 $12.10 Direct F5
holding HEAR Stock Option (Right to Buy) 115,000 01 May 2023 Common Stock 115,000 $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.