Juergen Stark - Apr 1, 2022 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
Apr 1, 2022
Transactions value $
$0
Form type
4
Date filed
4/4/2022, 07:20 PM
Previous filing
Mar 18, 2022
Next filing
May 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HEAR Common Stock Options Exercise +14K +15.82% 102K Apr 1, 2022 Direct F1
transaction HEAR Common Stock Options Exercise +14.4K +14.02% 117K Apr 1, 2022 Direct F2
transaction HEAR Common Stock Options Exercise +13.3K +11.34% 130K Apr 1, 2022 Direct F2
transaction HEAR Common Stock Options Exercise +12.5K +9.61% 143K Apr 1, 2022 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 Performance Stock Unit Options Exercise $0 -14K -100% $0.00* 0 Apr 1, 2022 Common Stock 14K Direct F3, F4
transaction HEAR Restricted Stock Unit Options Exercise $0 -14.4K -33.33% $0.00 28.8K Apr 1, 2022 Common Stock 14.4K Direct F5, F6
transaction HEAR Restricted Stock Unit Options Exercise $0 -13.3K -50% $0.00 13.3K Apr 1, 2022 Common Stock 13.3K Direct F5, F7
transaction HEAR Restricted Stock Unit Options Exercise $0 -12.5K -25% $0.00 37.5K Apr 1, 2022 Common Stock 12.5K Direct F5, F8
transaction HEAR Restricted Stock Units Award $0 +65K $0.00 65K Apr 1, 2022 Common Stock 65K Direct F5, F9
holding HEAR Stock Option (Right to Buy) 70K Apr 1, 2022 Common Stock 70K $7.24 Direct F10
holding HEAR Stock Option (Right to Buy) 113K Apr 1, 2022 Common Stock 113K $4.64 Direct F10
holding HEAR Stock Option (Right to Buy) 92.5K Apr 1, 2022 Common Stock 92.5K $2.04 Direct F10
holding HEAR Stock Option (Right to Buy) 113K Apr 1, 2022 Common Stock 113K $3.12 Direct F11
holding HEAR Stock Option (Right to Buy) 105K Apr 1, 2022 Common Stock 105K $12.10 Direct F12
holding HEAR Stock Option (Right to Buy) 115K Apr 1, 2022 Common Stock 115K $5.95 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance stock units were converted into common stock on a one-for-one basis.
F2 Restricted stock units were converted into common stock on a one-for-one basis.
F3 These securities are performance stock units representing a contingent right to receive one share of Turtle Beach Corporation common stock.
F4 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 vested on April 1, 2022.
F5 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.
F6 These restricted stock units vest in equal annual installments until April 1, 2024.
F7 These restricted stock units vest in equal annual installments until April 1, 2023.
F8 These restricted stock units vest in equal annual installments until April 1, 2025.
F9 One-quarter of these restricted stock units will vest on April 1, 2023, with the remainder of the restricted stock units vesting in equal annual installments until April 1, 2026.
F10 All options were exercisable as of the transaction date.
F11 These options are scheduled to vest in equal monthly installments until April 11, 2022.
F12 These options are scheduled to vest in equal monthly installments until April 1, 2023.
F13 These options are scheduled to vest in equal monthly installments until April 1, 2024.