WEINSWIG MARK 4

What Happened Mark Weinswig, Chief Financial Officer of Turtle Beach Corporation (TBCH), had 6,688 restricted stock units (RSUs) convert into common shares on May 3, 2026. Of those, 2,404 shares were withheld to cover tax withholding at $11.22 per share, totaling $26,973. The conversion resulted in 4,284 net shares delivered to him (6,688 vested − 2,404 withheld). The filing shows the RSU conversion as derivative transactions (code M) and the withholding as a tax withholding/disposition (code F).

Key Details

• Transaction date: May 3, 2026 (reported on Form 4 filed May 5, 2026 — timely).
• Vesting/conversion: 6,688 RSUs converted one-for-one into common shares (derivative conversion).
• Tax withholding: 2,404 shares withheld @ $11.22 = $26,973 (disposition code F).
• Net shares received by insider: 4,284 shares.
• Shares owned after transaction: not specified in the filing.
• Relevant footnotes: RSUs convert one-for-one to common stock (F1); shares were withheld to satisfy tax obligations on vesting (F2); the RSUs represent contingent rights to shares or cash (F3); vesting schedules for related RSU awards continue through 2029–2030 (F4, F5).

Context This was an RSU vesting event, not an open-market purchase or voluntary sale by the insider. The withholding of shares to cover taxes is a routine administrative action and commonly appears as a disposition on Form 4; it does not by itself indicate a change in the insider’s view of the stock. The filing shows no cash paid for the conversion (exercise price $0), consistent with RSU settlement rather than option exercise.