Form 4: Turtle Beach Director Transfers Shares to Ex-Wife Under Domestic Relations Order

Director L. Gregory Ballard transferred 3,713 shares of Turtle Beach Corp common stock to his ex-wife pursuant to a domestic relations order, according to a recent SEC filing.

Summary

• L. Gregory Ballard, a director of Turtle Beach Corp, filed a Form 4 with the SEC on May 15, 2024.
• The filing reports a transaction on May 13, 2024, where 3,713 shares of common stock were transferred from Ballard to his ex-wife.
• This transfer was executed pursuant to a domestic relations order.
• Following the transaction, Ballard directly owns 45,707 shares of Turtle Beach Corp common stock.
• Ballard also indirectly owns 2,000 shares through his spouse.
• The filing also details Ballard's ownership of stock options with various exercise prices and expiration dates.

Sentiment

Score: 5

Explanation: This Form 4 filing relates to a personal matter (divorce settlement) and doesn't reflect positively or negatively on the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This specific filing relates to a transfer of shares due to a domestic relations order, which is a personal matter and not directly indicative of the company's financial health or strategic direction.

Key Dates