John T. Hanson - May 16, 2021 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 16, 2021
Transactions value $
-$10,332
Form type
4
Date filed
5/17/2021, 08:08 PM
Next filing
Aug 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HEAR Common Stock Options Exercise +833 +4.48% 19.4K May 16, 2021 Direct F1
transaction HEAR Common Stock Tax liability -$10.3K -369 -1.9% $28.00 19K May 16, 2021 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 -833 -49.91% $0.00 836 May 16, 2021 Common Stock 833 Direct F3, F4
holding HEAR Restricted Stock Units 10K May 16, 2021 Common Stock 10K Direct F3, F5
holding HEAR Restricted Stock Units 20.6K May 16, 2021 Common Stock 20.6K Direct F3, F6
holding HEAR Restricted Stock Units 18K May 16, 2021 Common Stock 18K Direct F3, F7
holding HEAR Stock Option (Right to Buy) 1.15K May 16, 2021 Common Stock 1.15K $16.52 Direct F8
holding HEAR Stock Option (Right to Buy) 6.25K May 16, 2021 Common Stock 6.25K $7.24 Direct F8
holding HEAR Stock Option (Right to Buy) 8.63K May 16, 2021 Common Stock 8.63K $4.64 Direct F8
holding HEAR Stock Option (Right to Buy) 26.5K May 16, 2021 Common Stock 26.5K $2.04 Direct F9
holding HEAR Stock Option (Right to Buy) 29.4K May 16, 2021 Common Stock 29.4K $3.12 Direct F10
holding HEAR Stock Option (Right to Buy) 40K May 16, 2021 Common Stock 40K $12.10 Direct F11
holding HEAR Stock Option (Right to Buy) 55K May 16, 2021 Common Stock 55K $5.95 Direct F12
* 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 On August 16, 2018 the reporting person was granted 10,000 restricted stock units, with one-third of the underlying shares vesting on the first anniversary of the grant date and with the remainder of the restricted stock units vesting in eight equal quarterly installments thereafter.
F5 These restricted stock units vest in equal annual installments until April 1, 2023.
F6 These restricted stock units vest in equal annual installments until April 1, 2024.
F7 One-quarter of these restricted stock units will vest on April 1, 2022, with the remainder of the restricted stock units vesting in equal annual installments until April 1, 2025.
F8 All options were exercisable as of the date of this Form 4.
F9 These options are scheduled to vest in equal monthly installments until November 13, 2021.
F10 These options are scheduled to vest in equal monthly installments until April 11, 2022.
F11 These options are scheduled to vest in equal monthly installments until April 1, 2023.
F12 These options are scheduled to vest in equal monthly installments until April 1, 2024.