Juergen M. Stark - 15 Jun 2021 Form 4 Insider Report for Turtle Beach Corp (TBCH)

Role
Chief Executive Officer & Pres, Director
Signature
/s/Juergen Stark
Issuer symbol
TBCH
Transactions as of
15 Jun 2021
Net transactions value
-$74,587
Form type
4
Filing time
17 Jun 2021, 16:00:10 UTC
Previous filing
17 May 2021
Next filing
18 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HEAR Common Stock Tax liability $74,587 -2,069 -2.3% $36.05 88,500 15 Jun 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 43,125 15 Jun 2021 Common Stock 43,125 Direct F2, F3
holding HEAR Restricted Stock Unit 26,500 15 Jun 2021 Common Stock 26,500 Direct F2, F4
holding HEAR Restricted Stock Unit 50,000 15 Jun 2021 Common Stock 50,000 Direct F2, F5
holding HEAR Stock Option (Right to Buy) 70,000 15 Jun 2021 Common Stock 70,000 $7.24 Direct F6
holding HEAR Stock Option (Right to Buy) 112,500 15 Jun 2021 Common Stock 112,500 $4.64 Direct F6
holding HEAR Stock Option (Right to Buy) 92,500 15 Jun 2021 Common Stock 92,500 $2.04 Direct F7
holding HEAR Stock Option (Right to Buy) 112,500 15 Jun 2021 Common Stock 112,500 $3.12 Direct F8
holding HEAR Stock Option (Right to Buy) 105,000 15 Jun 2021 Common Stock 105,000 $12.10 Direct F9
holding HEAR Stock Option (Right to Buy) 115,000 15 Jun 2021 Common Stock 115,000 $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.