SEC FORM 4

SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Stark Juergen M.

(Last)

(First)

(Middle)

44 SOUTH BROADWAY

4TH FLOOR

(Street)

WHITE PLAINS

10601

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Turtle Beach Corp [ HEAR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
CEO & President

3. Date of Earliest Transaction (Month/Day/Year)
05/09/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Rule 10b5-1(c) Transaction Indication

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/09/2023		M		49,000	A	$2.04	385,384	D
Common Stock	05/09/2023		M		12,500⁽¹⁾	A	$4.64	397,884	D
Common Stock	05/09/2023		S		49,000	D	$11.12⁽²⁾	348,884	D
Common Stock	05/10/2023		M		23,500	A	$2.04	372,384	D
Common Stock	05/10/2023		M		12,500⁽¹⁾	A	$4.64	384,884	D
Common Stock	05/10/2023		M		20,500	A	$3.12	405,384	D
Common Stock	05/10/2023		S		44,000	D	$11.23⁽³⁾	361,474⁽⁴⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy)	$2.04	05/09/2023		M			49,000	⁽⁵⁾⁽⁷⁾	06/30/2024	Common Stock	49,000	$0	23,500	D
Stock Option (Right to Buy)	$4.64	05/09/2023		M			12,500	⁽⁵⁾⁽⁷⁾	06/30/2024	Common Stock	12,500	$0	100,000	D
Stock Option (Right to Buy)	$2.04	05/10/2023		M			23,500	⁽⁵⁾⁽⁷⁾	06/30/2024	Common Stock	23,500	$0	0	D
Stock Option (Right to Buy)	$4.64	05/10/2023		M			12,500	⁽⁵⁾⁽⁷⁾	06/30/2024	Common Stock	12,500	$0	87,500	D
Stock Option (Right to Buy	$3.12	05/10/2023		M			20,500	⁽⁵⁾⁽⁷⁾	06/30/2024	Common Stock	20,500	$0	92,000	D
Stock Option (Right to Buy)	$7.24							⁽⁵⁾⁽⁷⁾	06/30/2024	Common Stock	70,000		70,000	D
Stock Option (Right to Buy)	$12.1							⁽⁵⁾⁽⁷⁾	06/30/2024	Common Stock	105,000		105,000	D
Stock Option (Right to Buy)	$5.95							⁽⁵⁾⁽⁶⁾⁽⁷⁾	06/30/2024	Common Stock	115,000		115,000	D

Explanation of Responses:

1. Reflects shares held following options exercises, resulting in net increase of 25,000 shares held.

2. 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.

3. 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.

4. This number reflects an additional 90 shares that were inadvertently omitted by the reporting person in prior filings.

5. All options were exercisable as of the transaction date.

6. 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").

7. 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	05/11/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

SEC Form 4 filed by Stark Juergen M.