Form 4: Turtle Beach Director L. Gregory Ballard Sells Shares
SEC Form 4 Filing
Director L. Gregory Ballard sold 5,042 shares of Turtle Beach Corp (HEAR) on May 31, 2024, at an average price of $16.53.
Summary
- On May 31, 2024, L. Gregory Ballard, a director of Turtle Beach Corp (HEAR), sold 5,042 shares of common stock.
- The sale was executed at a weighted average price of $16.53 per share, with individual transactions ranging from $16.47 to $16.65.
- Following the transaction, Ballard directly owns 40,665 shares of Turtle Beach Corp.
- Ballard also indirectly owns 2,000 shares through his spouse.
- Ballard holds options to purchase 26,164 shares of common stock at prices ranging from $3.12 to $12.10, which were exercisable as of the transaction date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock sales by a company director. It doesn't inherently convey positive or negative sentiment, but the market may interpret insider selling as slightly negative.
Industry Context
This is a routine disclosure of insider trading activity. It's important to monitor such filings to understand the sentiment of company insiders regarding the stock's valuation and future prospects.
Stakeholder Impact
- Shareholders may react to the news of a director selling shares, potentially impacting the stock price.
Key Dates
| Date | Description |
|---|---|
| 04/11/2028 | Expiration date of stock options with an exercise price of $3.12 |
| 04/01/2029 | Expiration date of stock options with an exercise price of $12.1 |
| 04/01/2030 | Expiration date of stock options with an exercise price of $5.95 |
| 05/31/2024 | Date of stock sale transaction |
| 06/03/2024 | Date of Form 4 filing |
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