Juergen M. Stark - 11 May 2023 Form 4 Insider Report for Turtle Beach Corp (TBCH)

Reporting relationship: CEO & President, Director
Issuer ticker: TBCH
Reported as of: 11 May 2023
Net transaction value: -$523,615
SEC form: 4
Accepted by SEC: 15 May 2023, 19:50:27 UTC
Prior SEC filing: 11 May 2023
Source filing: View source filing
Reporting owner signature: /s/ Juergen Stark

Key filing fact

Juergen M. Stark filed Form 4 for Turtle Beach Corp (TBCH) on 15 May 2023.

Key facts

This page summarizes Juergen M. Stark's Form 4 filing for Turtle Beach Corp (TBCH).
13 reported transactions and 8 derivative rows are listed below.
Accepted by SEC: 15 May 2023, 19:50.

Change

Previous filing in this sequence was filed on 11 May 2023.
Current net transaction value: -$523,615.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

HEAR transaction

Common Stock

Options Exercise

Transaction value: $143,520
Shares: +46,000
Change %: +13%
Price: $3.12
Shares after: 407,474
Date: 11 May 2023
Ownership: Direct

HEAR transaction

Common Stock

Options Exercise

Transaction value: $58,000
Shares: +12,500
Change %: +3.1%
Price: $4.64
Shares after: 419,974
Date: 11 May 2023
Ownership: Direct
Footnotes: F1

HEAR transaction

Common Stock

Sale

Transaction value: $508,760
Shares: -46,000
Change %: -11%
Price: $11.06
Shares after: 373,974
Date: 11 May 2023
Ownership: Direct
Footnotes: F2

HEAR transaction

Common Stock

Options Exercise

Transaction value: $54,600
Shares: +17,500
Change %: +4.7%
Price: $3.12
Shares after: 391,474
Date: 12 May 2023
Ownership: Direct

HEAR transaction

Common Stock

Options Exercise

Transaction value: $58,000
Shares: +12,500
Change %: +3.2%
Price: $4.64
Shares after: 403,974
Date: 12 May 2023
Ownership: Direct
Footnotes: F1

HEAR transaction

Common Stock

Sale

Transaction value: $190,225
Shares: -17,500
Change %: -4.3%
Price: $10.87
Shares after: 386,474
Date: 12 May 2023
Ownership: Direct
Footnotes: F3

HEAR transaction

Common Stock

Options Exercise

Transaction value: $57,720
Shares: +18,500
Change %: +4.8%
Price: $3.12
Shares after: 404,974
Date: 15 May 2023
Ownership: Direct

HEAR transaction

Common Stock

Sale

Transaction value: $196,470
Shares: -18,500
Change %: -4.6%
Price: $10.62
Shares after: 386,474
Date: 15 May 2023
Ownership: Direct
Footnotes: F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

HEAR transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -46,000
Change %: -50%
Price: $0.000000
Shares after: 46,000
Date: 11 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 46,000
Exercise price: $3.12
Footnotes: F5, F7

HEAR transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -12,500
Change %: -14%
Price: $0.000000
Shares after: 75,000
Date: 11 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 12,500
Exercise price: $4.64
Footnotes: F5, F7

HEAR transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -17,500
Change %: -38%
Price: $0.000000
Shares after: 28,500
Date: 12 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 17,500
Exercise price: $3.12
Footnotes: F5, F7

HEAR transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -12,500
Change %: -17%
Price: $0.000000
Shares after: 62,500
Date: 12 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 12,500
Exercise price: $4.64
Footnotes: F5, F7

HEAR transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -18,500
Change %: -65%
Price: $0.000000
Shares after: 10,000
Date: 15 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 18,500
Exercise price: $3.12
Footnotes: F5, F7

HEAR holding Derivative

Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 70,000
Date: 11 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 70,000
Exercise price: $7.24
Footnotes: F5, F7

HEAR holding Derivative

Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 105,000
Date: 11 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 105,000
Exercise price: $12.10
Footnotes: F5, F7

HEAR holding Derivative

Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 115,000
Date: 11 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 115,000
Exercise price: $5.95
Footnotes: F5, F6, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Reflects shares held following options exercises, resulting in a net increase of 25,000 shares held.

Footnote F2

Reflects the weighted average price of sales on May 11, 2023. The shares were sold in multiple transactions at prices ranging from $10.89 to $11.29, inclusive. The reporting person undertakes to provide to Turtle Beach Corporation, any security holder of Turtle Beach Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

Footnote F3

Reflects the weighted average price of sales on May 12, 2023. The shares were sold in multiple transactions at prices ranging from $10.60 to $11.23, inclusive. The reporting person undertakes to provide to Turtle Beach Corporation, any security holder of Turtle Beach Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

Footnote F4

Reflects the weighted average price of sales on May 15, 2023. The shares were sold in multiple transactions at prices ranging from $10.54 to $10.75, inclusive. The reporting person undertakes to provide to Turtle Beach Corporation, any security holder of Turtle Beach Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

Footnote F5

All options were exercisable as of the transaction date.

Footnote F6

The vesting of these options was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person (the "Separation Letter").

Footnote F7

The expiration date of these options was revised under the terms of the Separation Letter to the earlier of (x) the then-remaining term pursuant to the terms of each option or (y) the first anniversary of the June 30, 2023.