Form 4 for TBCH Turtle Beach Corp
Accepted 2023-05-02 00:00:00 ET · period of report 2023-05-01 · accession 0000929638-23-001334 · 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 | 2023-05-02 | 2023-05-01 | TBCH | Stark Juergen M. | CEO, Pres, Dir | M - OptEx | — | +182.7K | 344.2K | +113% | — |
| D | 2023-05-02 | 2023-05-01 | TBCH | Stark Juergen M. | CEO, Pres, Dir | F - Tax | $10.98 | -162.6K | 336.4K | -33% | -$1.79M |
| DM | 2023-05-02 | 2023-05-01 | TBCH | Stark Juergen M. | CEO, Pres, Dir | A - Grant | — | +145.2K | 499.0K | +41% | — |
| DM | 2023-05-02 | 2023-05-01 | TBCH | Stark Juergen M. | CEO, Pres, Dir | M - OptEx | $0.00 | -182.7K | 0 | -100% | $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 | 2023-05-01 | M | A | 9,570 | — | 353,745 | D | — | — | (F1) Restricted stock units were converted into common stock on a one-for-one basis. The vesting of the restricted stock units was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person. |
| 2 | Common | Common Stock | 2023-05-01 | F | D | 162,579 | $10.98 | 336,384 | D | — | — | (F3) Represents shares withheld to satisfy tax withholding obligations upon the vesting of the shares of restricted stock awarded to the reporting person. |
| 3 | Common | Common Stock | 2023-05-01 | M | A | 14,375 | — | 185,425 | D | — | — | (F1) Restricted stock units were converted into common stock on a one-for-one basis. The vesting of the restricted stock units was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person. |
| 4 | Common | Common Stock | 2023-05-01 | M | A | 25,000 | — | 210,425 | D | — | — | (F1) Restricted stock units were converted into common stock on a one-for-one basis. The vesting of the restricted stock units was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person. |
| 5 | Common | Common Stock | 2023-05-01 | M | A | 48,750 | — | 259,175 | D | — | — | (F1) Restricted stock units were converted into common stock on a one-for-one basis. The vesting of the restricted stock units was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person. |
| 6 | Common | Common Stock | 2023-05-01 | M | A | 85,000 | — | 344,175 | D | — | — | (F1) Restricted stock units were converted into common stock on a one-for-one basis. The vesting of the restricted stock units was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person. |
| 7 | Common | Common Stock | 2023-05-01 | A | A | 16,668 | — | 370,413 | D | — | — | (F2) Performance stock units were converted into common stock on a one-for-one basis. The vesting of the performance stock units was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person. |
| 8 | Common | Common Stock | 2023-05-01 | A | A | 43,550 | — | 413,963 | D | — | — | (F2) Performance stock units were converted into common stock on a one-for-one basis. The vesting of the performance stock units was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person. |
| 9 | Common | Common Stock | 2023-05-01 | A | A | 85,000 | — | 498,963 | D | — | — | (F2) Performance stock units were converted into common stock on a one-for-one basis. The vesting of the performance stock units was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person. |
| 10 | Derivative | Restricted Stock Units | 2023-05-01 | M | D | 48,750 | $0.00 | 0 | D | — · — to — | 48,750 Common Stock | (F4) The securities were restricted stock units 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. (F1) Restricted stock units were converted into common stock on a one-for-one basis. The vesting of the restricted stock units was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person. |
| 11 | Derivative | Restricted Stock Units | 2023-05-01 | M | D | 25,000 | $0.00 | 0 | D | — · — to — | 25,000 Common Stock | (F4) The securities were restricted stock units 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. (F1) Restricted stock units were converted into common stock on a one-for-one basis. The vesting of the restricted stock units was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person. |
| 12 | Derivative | Restricted Stock Units | 2023-05-01 | M | D | 9,570 | $0.00 | 0 | D | — · — to — | 9,570 Common Stock | (F4) The securities were restricted stock units 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. (F1) Restricted stock units were converted into common stock on a one-for-one basis. The vesting of the restricted stock units was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person. |
| 13 | Derivative | Restricted Stock Units | 2023-05-01 | M | D | 85,000 | $0.00 | 0 | D | — · — to — | 85,000 Common Stock | (F4) The securities were restricted stock units 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. (F1) Restricted stock units were converted into common stock on a one-for-one basis. The vesting of the restricted stock units was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person. |
| 14 | Derivative | Restricted Stock Units | 2023-05-01 | M | D | 14,375 | $0.00 | 0 | D | — · — to — | 14,375 Common Stock | (F4) The securities were restricted stock units 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. (F1) Restricted stock units were converted into common stock on a one-for-one basis. The vesting of the restricted stock units was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person. |