Form 4 for TBCH Turtle Beach Corp
Accepted 2025-04-02 00:00:00 ET · period of report 2025-03-31 · accession 0000894579-25-000137 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2025-04-02 | 2025-04-01 | TBCH | Keirn Cris | CEO, Dir | M - OptEx | — | +38.7K | 67.8K | +133% | — |
| D | 2025-04-02 | 2025-04-01 | TBCH | Keirn Cris | CEO, Dir | F - Tax | $14.63 | -19.6K | 54.7K | -26% | -$287.0K |
| DM | 2025-04-02 | 2025-04-01 | TBCH | Keirn Cris | CEO, Dir | M - OptEx | $0.00 | -38.7K | 5,250 | -88% | $0 |
| DM | 2025-04-02 | 2025-03-31+ | TBCH | Keirn Cris | CEO, Dir | A - Grant | $0.00 | +49.6K | 7,920 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-04-01 | M | A | 7,920 | — | 51,044 | D | — | — | (F1) Performance stock units ("PSUs") were converted into common stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2025-04-01 | M | A | 4,500 | — | 55,544 | D | — | — | (F2) Restricted stock units ("RSUs") were converted into common stock on a one-for-one basis. |
| 3 | Common | Common Stock | 2025-04-01 | M | A | 5,250 | — | 60,794 | D | — | — | (F2) Restricted stock units ("RSUs") were converted into common stock on a one-for-one basis. |
| 4 | Common | Common Stock | 2025-04-01 | M | A | 7,476 | — | 43,124 | D | — | — | (F1) Performance stock units ("PSUs") were converted into common stock on a one-for-one basis. |
| 5 | Common | Common Stock | 2025-04-01 | M | A | 6,552 | — | 74,346 | D | — | — | (F2) Restricted stock units ("RSUs") were converted into common stock on a one-for-one basis. |
| 6 | Common | Common Stock | 2025-04-01 | F | D | 19,618 | $14.63 | 54,728 | D | — | — | |
| 7 | Common | Common Stock | 2025-04-01 | M | A | 7,000 | — | 67,794 | D | — | — | (F2) Restricted stock units ("RSUs") were converted into common stock on a one-for-one basis. |
| 8 | Derivative | Restricted Stock Units | 2025-04-01 | M | D | 7,000 | $0.00 | 14,000 | D | — · — to — | 7,000 Common stock | (F7) The securities are RSUs representing a contingent right to receive one share of Turtle Beach Corporation common stock or, cash with a value equal to the fair market value of the underlying common stock or, a combination thereof. (F10) These RSUs vest in equal annual installments until April 1, 2027. |
| 9 | Derivative | Restricted Stock Units | 2025-04-01 | M | D | 6,552 | $0.00 | 19,656 | D | — · — to — | 6,552 Common stock | (F7) The securities are RSUs representing a contingent right to receive one share of Turtle Beach Corporation common stock or, cash with a value equal to the fair market value of the underlying common stock or, a combination thereof. (F11) These RSUs vest in equal annual installments until April 1, 2028. |
| 10 | Derivative | Restricted Stock Units | 2025-04-01 | A | A | 34,176 | $0.00 | 34,176 | D | — · — to — | 34,176 Common stock | (F7) The securities are RSUs representing a contingent right to receive one share of Turtle Beach Corporation common stock or, cash with a value equal to the fair market value of the underlying common stock or, a combination thereof. (F12) One-quarter of these RSUs will vest on April 1, 2026, with the remainder of the RSUs vesting in equal annual installments until April 1, 2029. |
| 11 | Derivative | Performance Stock Units | 2025-03-31 | A | A | 7,476 | $0.00 | 7,476 | D | — · — to — | 7,476 Common stock | (F4) These securities are PSUs representing a contingent right to receive one share of Turtle Beach Corporation common stock. (F5) Acquired upon achievement of certain performance criteria pursuant to 34% of the PSUs granted April 1, 2022 under the Turtle Beach Corporation Stock Based 2023 Incentive Compensation Plan. The vesting of PSUs is determined over a three-year period based on (i) the amount by which revenue growth exceeds a defined baseline market growth each year and (ii) the achievement of specified tiers of adjusted EBITDA as a percentage of net revenue each year, with the ability to earn and vest into such units ranging from 0% to 200%. These PSUs vested with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2024. Vested shares for this grant have been rounded down to the nearest whole share upon conversion into common stock on a one-for-one basis. |
| 12 | Derivative | Performance Stock Units | 2025-04-01 | M | D | 7,476 | $0.00 | 0 | D | — · — to — | 7,476 Common stock | (F4) These securities are PSUs representing a contingent right to receive one share of Turtle Beach Corporation common stock. (F5) Acquired upon achievement of certain performance criteria pursuant to 34% of the PSUs granted April 1, 2022 under the Turtle Beach Corporation Stock Based 2023 Incentive Compensation Plan. The vesting of PSUs is determined over a three-year period based on (i) the amount by which revenue growth exceeds a defined baseline market growth each year and (ii) the achievement of specified tiers of adjusted EBITDA as a percentage of net revenue each year, with the ability to earn and vest into such units ranging from 0% to 200%. These PSUs vested with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2024. Vested shares for this grant have been rounded down to the nearest whole share upon conversion into common stock on a one-for-one basis. |
| 13 | Derivative | Performance Stock Units | 2025-03-31 | A | A | 7,920 | $0.00 | 7,920 | D | — · — to — | 7,920 Common stock | (F4) These securities are PSUs representing a contingent right to receive one share of Turtle Beach Corporation common stock. (F6) Acquired upon achievement of certain performance criteria pursuant to 33% of the performance stock units granted April 1, 2023 under the Turtle Beach Corporation Stock Based 2023 Incentive Compensation Plan. The vesting of performance stock units is determined over a three-year period based on (i) the amount by which revenue growth exceeds a defined baseline market growth each year and (ii) the achievement of specified tiers of adjusted EBITDA as a percentage of net revenue each year, with the ability to earn and vest into such units ranging from 0% to 200%. These PSUs vested with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2024. Vested shares for this grant have been rounded down to the nearest whole share upon conversion into common stock on a one-for-one basis. |
| 14 | Derivative | Performance Stock Units | 2025-04-01 | M | D | 7,920 | $0.00 | 0 | D | — · — to — | 7,920 Common stock | (F4) These securities are PSUs representing a contingent right to receive one share of Turtle Beach Corporation common stock. (F6) Acquired upon achievement of certain performance criteria pursuant to 33% of the performance stock units granted April 1, 2023 under the Turtle Beach Corporation Stock Based 2023 Incentive Compensation Plan. The vesting of performance stock units is determined over a three-year period based on (i) the amount by which revenue growth exceeds a defined baseline market growth each year and (ii) the achievement of specified tiers of adjusted EBITDA as a percentage of net revenue each year, with the ability to earn and vest into such units ranging from 0% to 200%. These PSUs vested with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2024. Vested shares for this grant have been rounded down to the nearest whole share upon conversion into common stock on a one-for-one basis. |
| 15 | Derivative | Restricted Stock Units | 2025-04-01 | M | D | 4,500 | $0.00 | 0 | D | — · — to — | 4,500 Common stock | (F7) The securities are RSUs representing a contingent right to receive one share of Turtle Beach Corporation common stock or, cash with a value equal to the fair market value of the underlying common stock or, a combination thereof. (F8) These RSUs vested in full on April 1, 2025. |
| 16 | Derivative | Restricted Stock Units | 2025-04-01 | M | D | 5,250 | $0.00 | 5,250 | D | — · — to — | 5,250 Common stock | (F7) The securities are RSUs representing a contingent right to receive one share of Turtle Beach Corporation common stock or, cash with a value equal to the fair market value of the underlying common stock or, a combination thereof. (F9) These RSUs vest in equal annual installments until April 1, 2026. |