4//SEC Filing
Stark Juergen M. 4
Accession 0000929638-23-001394
CIK 0001493761other
Filed
May 10, 8:00 PM ET
Accepted
May 11, 6:21 PM ET
Size
28.6 KB
Accession
0000929638-23-001394
Insider Transaction Report
Form 4
Stark Juergen M.
Chief Executive Officer
Transactions
- Exercise/Conversion
Stock Option (Right to Buy)
2023-05-09−12,500→ 100,000 totalExercise: $4.64Exp: 2024-06-30→ Common Stock (12,500 underlying) - Exercise/Conversion
Common Stock
2023-05-09$2.04/sh+49,000$99,960→ 385,384 total - Exercise/Conversion
Common Stock
2023-05-09$4.64/sh+12,500$58,000→ 397,884 total - Sale
Common Stock
2023-05-09$11.12/sh−49,000$544,880→ 348,884 total - Exercise/Conversion
Common Stock
2023-05-10$2.04/sh+23,500$47,940→ 372,384 total - Exercise/Conversion
Common Stock
2023-05-10$4.64/sh+12,500$58,000→ 384,884 total - Sale
Common Stock
2023-05-10$11.23/sh−44,000$494,120→ 361,474 total - Exercise/Conversion
Stock Option (Right to Buy)
2023-05-09−49,000→ 23,500 totalExercise: $2.04Exp: 2024-06-30→ Common Stock (49,000 underlying) - Exercise/Conversion
Stock Option (Right to Buy)
2023-05-10−12,500→ 87,500 totalExercise: $4.64Exp: 2024-06-30→ Common Stock (12,500 underlying) - Exercise/Conversion
Common Stock
2023-05-10$3.12/sh+20,500$63,960→ 405,384 total - Exercise/Conversion
Stock Option (Right to Buy)
2023-05-10−23,500→ 0 totalExercise: $2.04Exp: 2024-06-30→ Common Stock (23,500 underlying) - Exercise/Conversion
Stock Option (Right to Buy
2023-05-10−20,500→ 92,000 totalExercise: $3.12Exp: 2024-06-30→ Common Stock (20,500 underlying)
Holdings
- 105,000
Stock Option (Right to Buy)
Exercise: $12.10Exp: 2024-06-30→ Common Stock (105,000 underlying) - 115,000
Stock Option (Right to Buy)
Exercise: $5.95Exp: 2024-06-30→ Common Stock (115,000 underlying) - 70,000
Stock Option (Right to Buy)
Exercise: $7.24Exp: 2024-06-30→ Common Stock (70,000 underlying)
Footnotes (7)
- [F1]Reflects shares held following options exercises, resulting in net increase of 25,000 shares held.
- [F2]Reflects the weighted average price of sales on May 9, 2023. The shares were sold in multiple transactions at prices ranging from $10.73 to $11.33, 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.
- [F3]Reflects the weighted average price of sales on May 10, 2023. The shares were sold in multiple transactions at prices ranging from $11.09 to $11.43, 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.
- [F4]This number reflects an additional 90 shares that were inadvertently omitted by the reporting person in prior filings.
- [F5]All options were exercisable as of the transaction date.
- [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").
- [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.
Documents
Issuer
Turtle Beach Corp
CIK 0001493761
Entity typeother
Related Parties
1- filerCIK 0001595670
Filing Metadata
- Form type
- 4
- Filed
- May 10, 8:00 PM ET
- Accepted
- May 11, 6:21 PM ET
- Size
- 28.6 KB