0000929638-23-001394.txt : 20230511 0000929638-23-001394.hdr.sgml : 20230511 20230511182111 ACCESSION NUMBER: 0000929638-23-001394 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230509 FILED AS OF DATE: 20230511 DATE AS OF CHANGE: 20230511 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Stark Juergen M. CENTRAL INDEX KEY: 0001595670 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35465 FILM NUMBER: 23912612 MAIL ADDRESS: STREET 1: 100 SUMMIT LAKE DRIVE, SUITE 100 CITY: VALHALLA STATE: NY ZIP: 10594 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Turtle Beach Corp CENTRAL INDEX KEY: 0001493761 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 272767540 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 44 SOUTH BROADWAY STREET 2: 4TH FLOOR CITY: WHITE PLAINS STATE: NY ZIP: 10601 BUSINESS PHONE: 888-496-8001 MAIL ADDRESS: STREET 1: 44 SOUTH BROADWAY STREET 2: 4TH FLOOR CITY: WHITE PLAINS STATE: NY ZIP: 10601 FORMER COMPANY: FORMER CONFORMED NAME: Parametric Sound Corp DATE OF NAME CHANGE: 20100609 4 1 form4.xml X0407 4 2023-05-09 0001493761 Turtle Beach Corp HEAR 0001595670 Stark Juergen M. 44 SOUTH BROADWAY 4TH FLOOR WHITE PLAINS NY 10601 true true CEO & President false Common Stock 2023-05-09 4 M 0 49000 2.04 A 385384 D Common Stock 2023-05-09 4 M 0 12500 4.64 A 397884 D Common Stock 2023-05-09 4 S 0 49000 11.12 D 348884 D Common Stock 2023-05-10 4 M 0 23500 2.04 A 372384 D Common Stock 2023-05-10 4 M 0 12500 4.64 A 384884 D Common Stock 2023-05-10 4 M 0 20500 3.12 A 405384 D Common Stock 2023-05-10 4 S 0 44000 11.23 D 361474 D Stock Option (Right to Buy) 2.04 2023-05-09 4 M 0 49000 0 D 2024-06-30 Common Stock 49000 23500 D Stock Option (Right to Buy) 4.64 2023-05-09 4 M 0 12500 0 D 2024-06-30 Common Stock 12500 100000 D Stock Option (Right to Buy) 2.04 2023-05-10 4 M 0 23500 0 D 2024-06-30 Common Stock 23500 0 D Stock Option (Right to Buy) 4.64 2023-05-10 4 M 0 12500 0 D 2024-06-30 Common Stock 12500 87500 D Stock Option (Right to Buy 3.12 2023-05-10 4 M 0 20500 0 D 2024-06-30 Common Stock 20500 92000 D Stock Option (Right to Buy) 7.24 2024-06-30 Common Stock 70000 70000 D Stock Option (Right to Buy) 12.1 2024-06-30 Common Stock 105000 105000 D Stock Option (Right to Buy) 5.95 2024-06-30 Common Stock 115000 115000 D Reflects shares held following options exercises, resulting in net increase of 25,000 shares held. 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. 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. This number reflects an additional 90 shares that were inadvertently omitted by the reporting person in prior filings. 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. /s/ Juergen Stark 2023-05-11