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DC VGA LLC sells 285,671 Turtle Beach (TBCH) shares in August 2026

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

DC VGA LLC, a majority-owned affiliate of Diversis Capital, reported open-market or private sales of Turtle Beach Corp common stock totaling 285,671 shares. The sales occurred on August 10, 11 and 12, 2026, including two blocks of 140,000 shares each at weighted average prices of $12.6961 and $12.6709 per share, and 5,671 shares at $13.00 per share. Footnotes state that the larger trades were executed in multiple transactions within price ranges of $12.5950–$13.4540 and $12.5700–$12.8000 per share and detail the ownership chain from DC VGA LLC up through Diversis Capital entities and individuals Kevin Ma and Ron Nayot.

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Insider DC VGA LLC, Diversis Capital Partners I, L.P., Diversis Capital Partners GP I, L.P., Diversis Capital Partners GP I, LLC, MA KEVIN, NAYOT RON
Role 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Sold 285,671 shs ($3.63M)
Type Security Shares Price Value
Sale Common Stock F3 5,671 $13.00 $74K
Sale Common Stock F2, F3 140,000 $12.6709 $1.77M
Sale Common Stock F1, F3 140,000 $12.6961 $1.78M
Holdings After Transaction: Common Stock — 1,775,441 shares (Direct)
Footnotes (3)
  1. F1. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.5950 to $13.4540 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  2. F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.5700 to $12.8000 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  3. F3. These securities are held by DC VGA LLC (f/k/a PDP Holdings, LLC), a Delaware limited liability company. Diversis Capital Partners I, L.P. owns approximately 95% of the membership interests in DC VGA LLC. Diversis Capital Partners GP I, L.P. is the general partner of Diversis Capital Partners I, L.P. and Diversis Capital Partners GP I, LLC is the general partner of Diversis Capital Partners I, L.P. Messrs. Kevin Ma and Ron Nayot are the only directors and Managing Members of Diversis Capital Partners GP I, LLC and own approximately 50.00% and 50.00% of the membership interests of Diversis Capital Partners GP I, LLC, respectively.
Total shares sold 285,671 shares Aggregate non-derivative common stock sales reported in this Form 4
Shares sold on 2026-08-10 140,000 shares at $12.6961 per share Weighted average sale price; multiple trades between $12.5950 and $13.4540
Shares sold on 2026-08-11 140,000 shares at $12.6709 per share Weighted average sale price; multiple trades between $12.5700 and $12.8000
Shares sold on 2026-08-12 5,671 shares at $13.00 per share Non-derivative common stock sale by DC VGA LLC
Ownership in DC VGA LLC Approximately 95% Membership interests in DC VGA LLC held by Diversis Capital Partners I, L.P.
Ownership split of GP LLC 50.00% / 50.00% Membership interests of Diversis Capital Partners GP I, LLC held by Kevin Ma and Ron Nayot
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
membership interests financial
"Diversis Capital Partners I, L.P. owns approximately 95% of the membership interests in DC VGA LLC."
An ownership stake in a limited liability company (LLC) that represents a holder’s share of the business’s profits, losses, and decision-making power. Think of it like a slice of the company’s pie and a seat at its management table: it determines how much money the owner can receive and how much influence they have over company choices. Investors care because these interests affect returns, control, transferability, and tax treatment.
general partner financial
"Diversis Capital Partners GP I, L.P. is the general partner of Diversis Capital Partners I, L.P."
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.
ten percent owner regulatory
"Each reporting person is indicated as a ten percent owner of Turtle Beach Corp."

FAQ

What insider transaction did Turtle Beach (TBCH) report on this Form 4?
Turtle Beach (TBCH) reported that DC VGA LLC sold a total of 285,671 common shares in three transactions on August 10–12, 2026, at prices around the $12.67–$13.00 range.

How many Turtle Beach (TBCH) shares were sold in each reported transaction?
The filing shows sales of 140,000 shares on August 10, 140,000 shares on August 11, and 5,671 shares on August 12, 2026, all by DC VGA LLC, a ten percent owner of Turtle Beach.

What prices did DC VGA LLC receive for the Turtle Beach (TBCH) share sales?
DC VGA LLC received weighted average prices of $12.6961 and $12.6709 per share for the 140,000-share blocks, and $13.00 per share for the 5,671-share sale, with detailed price ranges disclosed in the footnotes.

Who ultimately controls the Turtle Beach (TBCH) shares sold by DC VGA LLC?
The securities are held by DC VGA LLC, about 95% owned by Diversis Capital Partners I, L.P. Upstream entities include Diversis Capital Partners GP I, L.P. and Diversis Capital Partners GP I, LLC, managed by Kevin Ma and Ron Nayot.

Were the Turtle Beach (TBCH) insider sales executed as single or multiple trades?
The two 140,000-share sales were executed as multiple transactions within price ranges of $12.5950–$13.4540 and $12.5700–$12.8000 per share, respectively, according to the weighted-average price footnotes.

Does the Turtle Beach (TBCH) Form 4 state post-sale share holdings?
For these transactions, the Form 4 does not report a "shares following transaction" figure, so it only discloses the 285,671 shares sold without specifying the remaining Turtle Beach holdings of DC VGA LLC.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
X
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
DC VGA LLC
(Last)(First)(Middle)
2000 AVENUE OF THE STARS, SUITE 1050S
(Street)
LOS ANGELES CALIFORNIA 90067
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Turtle Beach Corp [ TBCH ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock08/10/2026S140,000D$12.6961(1)1,921,112D(3)
Common Stock08/11/2026S140,000D$12.6709(2)1,781,112D(3)
Common Stock08/12/2026S5,671D$131,775,441D(3)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
DC VGA LLC
(Last)(First)(Middle)
2000 AVENUE OF THE STARS, SUITE 1050S
(Street)
LOS ANGELES CALIFORNIA 90067
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Diversis Capital Partners I, L.P.
(Last)(First)(Middle)
2000 AVENUE OF THE STARS, SUITE 1050S
(Street)
LOS ANGELES CALIFORNIA 90067
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Diversis Capital Partners GP I, L.P.
(Last)(First)(Middle)
2000 AVENUE OF THE STARS, SUITE 1050S
(Street)
LOS ANGELES CALIFORNIA 90067
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Diversis Capital Partners GP I, LLC
(Last)(First)(Middle)
2000 AVENUE OF THE STARS, SUITE 1050S
(Street)
LOS ANGELES CALIFORNIA 90067
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
MA KEVIN
(Last)(First)(Middle)
2000 AVENUE OF THE STARS, SUITE 1050S
(Street)
LOS ANGELES CALIFORNIA 90067
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
NAYOT RON
(Last)(First)(Middle)
2000 AVENUE OF THE STARS, SUITE 1050S
(Street)
LOS ANGELES CALIFORNIA 90067
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.5950 to $13.4540 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.5700 to $12.8000 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
3. These securities are held by DC VGA LLC (f/k/a PDP Holdings, LLC), a Delaware limited liability company. Diversis Capital Partners I, L.P. owns approximately 95% of the membership interests in DC VGA LLC. Diversis Capital Partners GP I, L.P. is the general partner of Diversis Capital Partners I, L.P. and Diversis Capital Partners GP I, LLC is the general partner of Diversis Capital Partners I, L.P. Messrs. Kevin Ma and Ron Nayot are the only directors and Managing Members of Diversis Capital Partners GP I, LLC and own approximately 50.00% and 50.00% of the membership interests of Diversis Capital Partners GP I, LLC, respectively.
DC VGA LLC, By: /s/ Kevin Ma, Name: Kevin Ma, Title: President08/12/2026
Diversis Capital Partners I, L.P., By: Diversis Capital Partners GP I, L.P., its general partner, By: Diversis Capital Partners GP I, LLC, its general partner, By: /s/ Kevin Ma, Name: Kevin Ma, Title: Managing Member08/12/2026
Diversis Capital Partners GP I, L.P., By: Diversis Capital Partners GP I, LLC, its general partner, By: /s/ Kevin Ma, Name: Kevin Ma, Title: Managing Member08/12/2026
Diversis Capital Partners GP I, LLC, By: /s/ Kevin Ma, Name: Kevin Ma, Title: Managing Member08/12/2026
By: /s/ Kevin Ma, Name: Kevin Ma08/12/2026
By: /s/ Ron Nayot, Name: Ron Nayot08/12/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR