Form 4 for TBCH Turtle Beach Corp
Accepted 2023-05-11 00:00:00 ET · period of report 2023-05-09 · accession 0000929638-23-001394 · 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 | 2023-05-11 | 2023-05-09+ | TBCH | Stark Juergen M. | CEO, Pres, Dir | M - OptEx | $2.78 | +118.0K | 372.4K | +46% | +$327.9K |
| DM | 2023-05-11 | 2023-05-09+ | TBCH | Stark Juergen M. | CEO, Pres, Dir | S - Sale+OE | $11.17 | -93.0K | 361.5K | -20% | -$1.04M |
| DM | 2023-05-11 | 2023-05-09+ | TBCH | Stark Juergen M. | CEO, Pres, Dir | M - OptEx | $0.00 | -118.0K | 23.5K | -83% | $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 | 2023-05-09 | M | A | 49,000 | $2.04 | 385,384 | D | — | — | |
| 2 | Common | Common Stock | 2023-05-09 | M | A | 12,500 | $4.64 | 397,884 | D | — | — | (F1) Reflects shares held following options exercises, resulting in net increase of 25,000 shares held. |
| 3 | Common | Common Stock | 2023-05-09 | S | D | 49,000 | $11.12 | 348,884 | D | — | — | (F2) Reflects the weighted average price of sales on May 9, 2023. The shares were sold in multiple transactions at prices ranging from $10.73 to $11.33, 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. |
| 4 | Common | Common Stock | 2023-05-10 | S | D | 44,000 | $11.23 | 361,474 | D | — | — | (F3) Reflects the weighted average price of sales on May 10, 2023. The shares were sold in multiple transactions at prices ranging from $11.09 to $11.43, 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) This number reflects an additional 90 shares that were inadvertently omitted by the reporting person in prior filings. |
| 5 | Common | Common Stock | 2023-05-10 | M | A | 12,500 | $4.64 | 384,884 | D | — | — | (F1) Reflects shares held following options exercises, resulting in net increase of 25,000 shares held. |
| 6 | Common | Common Stock | 2023-05-10 | M | A | 20,500 | $3.12 | 405,384 | D | — | — | |
| 7 | Common | Common Stock | 2023-05-10 | M | A | 23,500 | $2.04 | 372,384 | D | — | — | |
| 8 | Derivative | Stock Option (Right to Buy | 2023-05-10 | M | D | 20,500 | $0.00 | 92,000 | D | $3.12 · — to 2024-06-30 | 20,500 Common Stock | (F5) All options were exercisable as of the transaction date. (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. |
| 9 | Derivative | Stock Option (Right to Buy) | 2023-05-10 | M | D | 12,500 | $0.00 | 87,500 | D | $4.64 · — to 2024-06-30 | 12,500 Common Stock | (F5) All options were exercisable as of the transaction date. (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. |
| 10 | Derivative | Stock Option (Right to Buy) | 2023-05-10 | M | D | 23,500 | $0.00 | 0 | D | $2.04 · — to 2024-06-30 | 23,500 Common Stock | (F5) All options were exercisable as of the transaction date. (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. |
| 11 | Derivative | Stock Option (Right to Buy) | 2023-05-09 | M | D | 12,500 | $0.00 | 100,000 | D | $4.64 · — to 2024-06-30 | 12,500 Common Stock | (F5) All options were exercisable as of the transaction date. (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. |
| 12 | Derivative | Stock Option (Right to Buy) | 2023-05-09 | M | D | 49,000 | $0.00 | 23,500 | D | $2.04 · — to 2024-06-30 | 49,000 Common Stock | (F5) All options were exercisable as of the transaction date. (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. |