Form 4: Turtle Beach Director Ballard Acquires Shares and Holds Options in Recent Transaction
SEC Form 4
Director L. Gregory Ballard reports acquisition of Turtle Beach Corp shares and holds various stock options, as per a recent SEC Form 4 filing.
Summary
- On April 1, 2025, L. Gregory Ballard, a director of Turtle Beach Corp, acquired 11,620 shares of common stock.
- These shares were acquired at a price of $0 and are restricted shares that will vest on April 1, 2026.
- Following the transaction, Ballard directly owns 48,743 shares of common stock.
- Ballard also indirectly owns 2,000 shares through his spouse.
- Ballard holds options to buy 5,333 shares at $3.6, exercisable as of the transaction date and expiring on April 19, 2027.
- He also holds options to buy 4,615 shares at $3.12, exercisable as of the transaction date and expiring on April 11, 2028.
- Additionally, Ballard holds options to buy 4,132 shares at $12.1, exercisable as of the transaction date and expiring on April 1, 2029.
- Finally, he holds options to buy 10,084 shares at $5.95, exercisable as of the transaction date and expiring on April 1, 2030.
Sentiment
Score: 6
Explanation: Neutral sentiment. The filing simply reports transactions by a company director. The acquisition of shares could be seen as a positive sign, but it's a routine disclosure.
Positives
- The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.
Future Outlook
The filing does not contain explicit forward-looking statements, but the director's acquisition of shares and holding of options suggest a belief in the company's long-term potential.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's confidence in the company.
Stakeholder Impact
- Shareholders may view the director's share acquisition as a positive signal.
- The transaction itself has minimal direct impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of transaction: Acquisition of common stock and holding of stock options. |
| 04/03/2025 | Date of signature on the SEC Form 4 filing. |
| 04/01/2026 | Vesting date for the restricted shares acquired. |
| 04/19/2027 | Expiration date for stock options with an exercise price of $3.6. |
| 04/11/2028 | Expiration date for stock options with an exercise price of $3.12. |
| 04/01/2029 | Expiration date for stock options with an exercise price of $12.1. |
| 04/01/2030 | Expiration date for stock options with an exercise price of $5.95. |
Keywords
Turtle Beach Corp, TBCH, L. Gregory Ballard, Director, Stock Options, Share Acquisition, SEC Form 4, Beneficial Ownership
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