Juergen Stark - Jun 15, 2021 Form 4 Insider Report for Turtle Beach Corp (HEAR)

Role
Chief Executive Officer & Pres, Director
Signature
/s/Juergen Stark
Stock symbol
HEAR
Transactions as of
Jun 15, 2021
Transactions value $
-$74,587
Form type
4
Date filed
6/17/2021, 04:00 PM
Previous filing
May 17, 2021
Next filing
Mar 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HEAR Common Stock Tax liability -$74.6K -2.07K -2.28% $36.05 88.5K Jun 15, 2021 Direct F1

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
holding HEAR Restricted Stock Unit 43.1K Jun 15, 2021 Common Stock 43.1K Direct F2, F3
holding HEAR Restricted Stock Unit 26.5K Jun 15, 2021 Common Stock 26.5K Direct F2, F4
holding HEAR Restricted Stock Unit 50K Jun 15, 2021 Common Stock 50K Direct F2, F5
holding HEAR Stock Option (Right to Buy) 70K Jun 15, 2021 Common Stock 70K $7.24 Direct F6
holding HEAR Stock Option (Right to Buy) 113K Jun 15, 2021 Common Stock 113K $4.64 Direct F6
holding HEAR Stock Option (Right to Buy) 92.5K Jun 15, 2021 Common Stock 92.5K $2.04 Direct F7
holding HEAR Stock Option (Right to Buy) 113K Jun 15, 2021 Common Stock 113K $3.12 Direct F8
holding HEAR Stock Option (Right to Buy) 105K Jun 15, 2021 Common Stock 105K $12.10 Direct F9
holding HEAR Stock Option (Right to Buy) 115K Jun 15, 2021 Common Stock 115K $5.95 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 REPRESENTS SHARES WITHHELD TO SATISFY TAX WITHHOLDING OBLIGATIONS UPON THE VESTING OF THE SHARES OF RESTRICTED STOCK AWARDED TO THE REPORTING PERSON.
F2 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.
F3 These restricted stock units vest in equal annual installments until April 1, 2024.
F4 These restricted stock units vest in equal annual installments until April 1, 2023.
F5 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.
F6 All options were exercisable as of the transaction date.
F7 These options are scheduled to vest in equal monthly installments until November 13, 2021.
F8 These options are scheduled to vest in equal monthly installments until April 11, 2022.
F9 These options are scheduled to vest in equal monthly installments until April 1, 2023.
F10 These options are scheduled to vest in equal monthly installments until April 1, 2024.