Stark Juergen M. 4

Accession 0000929638-23-001502

CIK 0001493761other

View on SEC.gov Company Profile

Filed

May 14, 8:00 PM ET

Accepted

May 15, 7:50 PM ET

Size

30.3 KB

Accession

0000929638-23-001502

Insider Transaction Report

Form 4

Period: 2023-05-11

Turtle Beach CorpHEAR

Stark Juergen M.

Chief Executive Officer

Transactions

Exercise/Conversion
Common Stock
2023-05-11$4.64/sh+12,500$58,000→ 419,974 total
Exercise/Conversion
Common Stock
2023-05-11$3.12/sh+46,000$143,520→ 407,474 total
Sale
Common Stock
2023-05-11$11.06/sh−46,000$508,760→ 373,974 total
Exercise/Conversion
Common Stock
2023-05-12$3.12/sh+17,500$54,600→ 391,474 total
Exercise/Conversion
Common Stock
2023-05-12$4.64/sh+12,500$58,000→ 403,974 total
Sale
Common Stock
2023-05-12$10.87/sh−17,500$190,225→ 386,474 total
Exercise/Conversion
Common Stock
2023-05-15$3.12/sh+18,500$57,720→ 404,974 total
Sale
Common Stock
2023-05-15$10.62/sh−18,500$196,470→ 386,474 total
Exercise/Conversion
Stock Option (Right to Buy)
2023-05-11−46,000→ 46,000 total
Exercise: $3.12Exp: 2024-06-30→ Common Stock (46,000 underlying)
Exercise/Conversion
Stock Option (Right to Buy)
2023-05-11−12,500→ 75,000 total
Exercise: $4.64Exp: 2024-06-30→ Common Stock (12,500 underlying)
Exercise/Conversion
Stock Option (Right to Buy)
2023-05-12−17,500→ 28,500 total
Exercise: $3.12Exp: 2024-06-30→ Common Stock (17,500 underlying)
Exercise/Conversion
Stock Option (Right to Buy)
2023-05-12−12,500→ 62,500 total
Exercise: $4.64Exp: 2024-06-30→ Common Stock (12,500 underlying)
Exercise/Conversion
Stock Option (Right to Buy)
2023-05-15−18,500→ 10,000 total
Exercise: $3.12Exp: 2024-06-30→ Common Stock (18,500 underlying)

Holdings

Stock Option (Right to Buy)
Exercise: $7.24Exp: 2024-06-30→ Common Stock (70,000 underlying)
70,000
Stock Option (Right to Buy)
Exercise: $12.10Exp: 2024-06-30→ Common Stock (105,000 underlying)
105,000
Stock Option (Right to Buy)
Exercise: $5.95Exp: 2024-06-30→ Common Stock (115,000 underlying)
115,000

Footnotes (7)

[F1]Reflects shares held following options exercises, resulting in a net increase of 25,000 shares held.
[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.
[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.
[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.
[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

1 file

4
form4.xmlPrimary

Issuer

Turtle Beach Corp

CIK 0001493761

→

Entity typeother

Related Parties

filerCIK 0001595670

Filing Metadata

Form type: 4
Filed: May 14, 8:00 PM ET
Accepted: May 15, 7:50 PM ET
Size: 30.3 KB

View on SEC.gov