Filing Details
- Accession Number:
- 0000929638-23-001502
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-05-15 19:50:27
- Reporting Period:
- 2023-05-11
- Accepted Time:
- 2023-05-15 19:50:27
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1493761 | Turtle Beach Corp | HEAR | Communications Equipment, Nec (3669) | 272767540 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1595670 | M. Juergen Stark | 100 Summit Lake Drive, Suite 100 Valhalla NY 10594 | Ceo & President | No | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2023-05-11 | 46,000 | $3.12 | 407,474 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2023-05-11 | 12,500 | $4.64 | 419,974 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-05-11 | 46,000 | $11.06 | 373,974 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2023-05-12 | 17,500 | $3.12 | 391,474 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2023-05-12 | 12,500 | $4.64 | 403,974 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-05-12 | 17,500 | $10.87 | 386,474 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2023-05-15 | 18,500 | $3.12 | 404,974 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-05-15 | 18,500 | $10.62 | 386,474 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (Right to Buy) | Disposition | 2023-05-11 | 46,000 | $0.00 | 46,000 | $3.12 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2023-05-11 | 12,500 | $0.00 | 12,500 | $4.64 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2023-05-12 | 17,500 | $0.00 | 17,500 | $3.12 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2023-05-12 | 12,500 | $0.00 | 12,500 | $4.64 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2023-05-15 | 18,500 | $0.00 | 18,500 | $3.12 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 46,000 | 2024-06-30 | No | 4 | M | Direct | |
| 75,000 | 2024-06-30 | No | 4 | M | Direct | |
| 28,500 | 2024-06-30 | No | 4 | M | Direct | |
| 62,500 | 2024-06-30 | No | 4 | M | Direct | |
| 10,000 | 2024-06-30 | No | 4 | M | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (Right to Buy) | $7.24 | 2024-06-30 | 70,000 | 70,000 | Direct | |
| Common Stock | Stock Option (Right to Buy) | $12.10 | 2024-06-30 | 105,000 | 105,000 | Direct | |
| Common Stock | Stock Option (Right to Buy) | $5.95 | 2024-06-30 | 115,000 | 115,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2024-06-30 | 70,000 | 70,000 | Direct |
| 2024-06-30 | 105,000 | 105,000 | Direct |
| 2024-06-30 | 115,000 | 115,000 | Direct |
Footnotes
- Reflects shares held following options exercises, resulting in a net increase of 25,000 shares held.
- 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.
- 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.
- 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.
- All options were exercisable as of the transaction date.
- 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").
- 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.
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