Cris Keirn - May 9, 2025 Form 4 Insider Report for Turtle Beach Corp (TBCH)

Role
CEO, Director
Signature
/s/ Megan S. Wynne, attorney-in-fact for Cris Keirn
Stock symbol
TBCH
Transactions as of
May 9, 2025
Transactions value $
-$37,659
Form type
4
Date filed
5/12/2025, 04:51 PM
Previous filing
Apr 2, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Keirn Cris CEO, Director C/O TURTLE BEACH CORPORATION, 15822 BERNARDO CENTER DRIVE, SUITE 105, SAN DIEGO /s/ Megan S. Wynne, attorney-in-fact for Cris Keirn 2025-05-12 0001984120

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TBCH Common Stock Options Exercise +6.92K +12.64% 61.6K May 9, 2025 Direct F1
transaction TBCH Common Stock Tax liability -$37.7K -3.51K -5.7% $10.72 58.1K May 9, 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TBCH Performance Stock Units Award $0 +21K $0.00 21K May 9, 2025 Common stock 21K Direct F3, F4
transaction TBCH Performance Stock Units Options Exercise $0 -6.92K -33% $0.00 14.1K May 9, 2025 Common stock 6.92K Direct F3, F5
holding TBCH Restricted Stock Units 5.25K May 9, 2025 Common stock 5.25K Direct F6, F7
holding TBCH Restricted Stock Units 14K May 9, 2025 Common stock 7K Direct F6, F8
holding TBCH Restricted Stock Units 19.7K May 9, 2025 Common stock 6.55K Direct F6, F9
holding TBCH Restricted Stock Units 34.2K May 9, 2025 Common stock 34.2K Direct F6, F10
holding TBCH Stock Option (Right to Buy) 19.2K May 9, 2025 Common stock 19.2K $12.10 Direct F11
holding TBCH Stock Option (Right to Buy) 12.6K May 9, 2025 Common stock 12.6K $5.95 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance stock units ("PSUs") were converted into common stock on a one-for-one basis.
F2 Represents shares withheld to satisfy tax withholding obligations upon the vesting of PSUs awarded to the reporting person.
F3 These securities are PSUs representing a contingent right to receive one share of common stock.
F4 Acquired upon achievement of certain performance criteria of PSUs granted to the reporting person on April 1, 2024 under the Turtle Beach Corporation 2023 Stock Based Incentive Compensation Plan. Performance was measured over 13 months (April 1, 2024 through May 9, 2025) with respect to a stock price performance metric and 12 months (Q2 2024 through Q1 2025) with respect to an Adjusted EBITDA performance metric, with additional time-based vesting for earned units over two years.
F5 These PSUs vest as follows: 33% on May 9, 2025, 33% on April 1, 2026 and 34% on April 1, 2027.
F6 The securities are restricted stock units ("RSUs") representing a contingent right to receive one share of common stock or cash with a value equal to the fair market value of the underlying common stock or a combination thereof.
F7 These RSUs vest in equal annual installments until April 1, 2026.
F8 These RSUs vest in equal annual installments until April 1, 2027.
F9 These RSUs vest in equal annual installments until April 1, 2028.
F10 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.
F11 These options were exercisable as of the transaction date.