John T. Hanson - May 17, 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
May 17, 2023
Transactions value $
-$30,949
Form type
4
Date filed
5/19/2023, 04:05 PM
Previous filing
Apr 4, 2023
Next filing
Mar 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HEAR Common Stock Options Exercise +5.98K +14.08% 48.5K May 17, 2023 Direct F1
transaction HEAR Common Stock Tax liability -$30.9K -2.65K -5.47% $11.67 45.8K May 17, 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 -5.98K -100% $0.00* 0 May 17, 2023 Common Stock 5.98K Direct F3, F4
holding HEAR Restricted Stock Units 6.88K May 17, 2023 Common Stock 6.88K Direct F3, F5
holding HEAR Restricted Stock Units 9K May 17, 2023 Common Stock 4.5K Direct F3, F6
holding HEAR Restricted Stock Units 18K May 17, 2023 Common Stock 6K Direct F3, F7
holding HEAR Restricted Stock Units 31.5K May 17, 2023 Common Stock 31.5K Direct F3, F8
holding HEAR Stock Option (Right to Buy) 2.7K May 17, 2023 Common Stock 2.7K $2.04 Direct F9
holding HEAR Stock Option (Right to Buy) 29.4K May 17, 2023 Common Stock 29.4K $3.12 Direct F9
holding HEAR Stock Option (Right to Buy) 14.2K May 17, 2023 Common Stock 14.2K $12.10 Direct F9
holding HEAR Stock Option (Right to Buy) 33.2K May 17, 2023 Common Stock 33.2K $5.95 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 May 17, 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 All options were exercisable as of the transaction date.
F10 These options are scheduled to vest in equal monthly installments until April 1, 2024.