Juergen M. Stark - 16 Mar 2022 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
16 Mar 2022
Net transactions value
$0
Form type
4
Filing time
18 Mar 2022, 18:50:12 UTC
Previous filing
17 Jun 2021
Next filing
04 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding HEAR Common Stock 88,500 16 Mar 2022 Direct

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 Performance Stock Unit Award $0 +13,999 $0.000000 13,999 16 Mar 2022 Common Stock 13,999 Direct F1, F2
holding HEAR Restricted Stock Unit 43,125 16 Mar 2022 Common Stock 43,125 Direct F3, F4
holding HEAR Restricted Stock Unit 26,500 16 Mar 2022 Common Stock 26,500 Direct F3, F5
holding HEAR Restricted Stock Unit 50,000 16 Mar 2022 Common Stock 50,000 Direct F3, F6
holding HEAR Stock Option (Right to Buy) 70,000 16 Mar 2022 Common Stock 70,000 $7.24 Direct F7
holding HEAR Stock Option (Right to Buy) 112,500 16 Mar 2022 Common Stock 112,500 $4.64 Direct F7
holding HEAR Stock Option (Right to Buy) 92,500 16 Mar 2022 Common Stock 92,500 $2.04 Direct F7
holding HEAR Stock Option (Right to Buy) 112,500 16 Mar 2022 Common Stock 112,500 $3.12 Direct F8
holding HEAR Stock Option (Right to Buy) 105,000 16 Mar 2022 Common Stock 105,000 $12.10 Direct F9
holding HEAR Stock Option (Right to Buy) 115,000 16 Mar 2022 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 These securities are performance stock units representing a contingent right to receive one share of Turtle Beach Corporation common stock.
F2 Acquired upon achievement of certain performance criteria pursuant to one-third of the performance stock units granted April 1, 2021 under the Turtle Beach Corporation Stock Based 2013 Incentive Compensation Plan. The vesting of performance stock units is determined over a three-year period based on (i) the amount by which revenue growth exceeds a defined baseline market growth each year and (ii) the achievement of specified tiers of adjusted EBITDA as a percentage of net revenue each year, with the ability to earn and vest into such units ranging from 0% to 200%. These performance stock units will vest with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2022, subject to continued employment through such date.
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 vest in equal annual installments until April 1, 2024.
F5 These restricted stock units vest in equal annual installments until April 1, 2023.
F6 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.
F7 All options were exercisable as of the transaction date.
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.