[Form 4] Turtle Beach Corporation Insider Trading Activity

Rhea-AI Filing Summary

William Wyatt, a director of Turtle Beach Corporation (TBCH), reported insider transactions on Form 4. On 08/14/2025 he acquired 693,962 shares of Turtle Beach common stock at $14.41 per share through an account managed by TDG CP LLC (Donerail), which he says he has voting and investment interests in but for which he disclaims direct beneficial ownership except for his pecuniary interest. The filing also reports a disposition of 111,536 shares, which includes 11,620 restricted shares that will vest on April 1, 2026. The Form 4 was signed on 08/18/2025 by Megan S. Wynne as attorney-in-fact for Mr. Wyatt.

Insights

Financial Analyst

TL;DR: A director-level purchase of 693,962 shares at $14.41 signals meaningful insider buying, potentially viewed positively by investors.

This transaction represents a sizable acquisition by a board member executed through an account managed by TDG CP LLC. From a capital-markets perspective, insider purchases at the director level often indicate confidence in the company’s prospects, particularly when the size of the purchase is material relative to typical insider activity. The disclosed purchase price of $14.41 provides a concrete reference for valuation of this block. The simultaneous disposition of 111,536 shares, including 11,620 restricted shares that vest in April 2026, is disclosed and clarified, limiting ambiguity about the nature of holdings. All analysis is limited to the facts reported in the Form 4.

Corporate Governance Expert

TL;DR: The filing shows proper disclosure of indirect ownership through an affiliated manager and clarifies disclaimers of beneficial ownership.

The report appropriately discloses that the acquired shares are held in an account managed by TDG CP LLC and that Mr. Wyatt has voting and investment interests in that manager, while disclaiming direct beneficial ownership beyond his pecuniary interest. That disclosure is important for governance transparency because it distinguishes control rights from pecuniary exposure. The inclusion of restricted shares and vesting information for 11,620 shares is consistent with standard disclosure practices. This Form 4 appears complete for the transactions reported.

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

OMB APPROVAL

OMB Number:			3235-0287
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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).

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^*

Wyatt William Z

(Last) (First) (Middle)

C/O TURTLE BEACH CORPORATION

15822 BERNARDO CENTER DRIVE, SUITE 105

(Street)

SAN DIEGO CA 92127

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/14/2025		P		693,962	A	$14.41	693,962	I	TDG CP LLC(1)
Common Stock								111,536(2)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The securities are held in an account managed by TDG CP LLC ("Donerail"). Mr. Wyatt has voting and investment interests in Donerail and may be deemed to beneficially own the securities held in the account. Mr. Wyatt disclaims beneficial ownership of the securities held in the account managed by Donerail except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that Mr. Wyatt is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

2. These include 11,620 restricted shares that will vest on April 1, 2026.

	/s/ Megan S. Wynne, attorney-in-fact for William Wyatt	08/18/2025
	** 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).
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