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Turtle Beach Corp (TBCH): Hoak group cuts stake below 5% in exit filing

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Turtle Beach Corp received an amended Schedule 13D from Hoak-affiliated entities reporting reduced ownership below the 5% threshold, constituting an exit filing. Based on 17,909,711 shares of common stock outstanding as of July 30, 2026, Hoak Public Equities, L.P. directly owns 741,459 shares, or 4.14%, with the same amount deemed beneficially owned by Hoak Fund Management, L.P. and Hoak & Co. The Hale/Hoak family and related entities hold additional smaller stakes: J. Hale Hoak is deemed to beneficially own 831,404 shares (4.64%), James M. Hoak, Jr. 761,459 shares (4.25%), the Hale Hoak Child's Trust 25,000 shares (0.14%), The Hoak Foundation 20,000 shares (0.11%), and DeeDee Hoak 1,000 shares (0.01%). The cost basis for HPE’s 741,459 shares is $9,236,510.79, funded from its working capital, with separate disclosed purchase amounts for the Child’s Trust, Hoak Foundation, J. Hale Hoak personally, and DeeDee Hoak.

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Shares outstanding 17,909,711 shares Common Stock outstanding as of July 30, 2026
HPE shares owned 741,459 shares Directly owned by Hoak Public Equities, L.P., representing 4.14% of outstanding
HPE ownership percentage 4.14% Percent of Turtle Beach common stock outstanding
HPE cost basis $9,236,510.79 Cost basis of 741,459 shares held by Hoak Public Equities, L.P.
J. Hale Hoak beneficial ownership 831,404 shares (4.64%) Aggregate deemed beneficial ownership including direct and related-entity holdings
Child's Trust purchase funds $235,700.00 Total funds used to purchase shares by Hale Hoak Child's Trust
Hoak Foundation purchase funds $370,400.00 Total funds used to purchase shares by The Hoak Foundation
J. Hale Hoak direct purchase funds $650,545.53 Funds used to purchase 44,945 shares held directly by J. Hale Hoak
beneficial owner regulatory
"Reporting Persons have ceased to be the beneficial owner of more than five percent"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Schedule 13D regulatory
"amends and supplements the 13D originally filed with the Securities"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
exit filing regulatory
"constitutes an exit filing as the Reporting Persons have ceased to be"
working capital financial
"All of the shares of Common Stock beneficially owned by HPE were paid for using working capital"
Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.
cost basis financial
"The cost basis of the 741,459 shares of Common Stock currently by HPE is $9,236,510.79"
The cost basis is the original amount you paid to buy a stock, bond, or other investment, plus any fees or adjustments that change that original cost over time (for example, reinvested dividends or stock splits). It matters because profit or loss — and the taxes you owe when you sell — are calculated by comparing the sale price to this purchase amount; think of it like the purchase price of a house used to determine your gain when you sell.

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

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FAQ

What change in ownership of Turtle Beach Corp (TBCH) does this Schedule 13D/A report?

The filing reports Hoak-affiliated investors now hold under 5% of Turtle Beach Corp’s common stock, making this a final exit filing under Schedule 13D rules.

How many Turtle Beach Corp (TBCH) shares does Hoak Public Equities currently own?

Hoak Public Equities, L.P. directly owns 741,459 shares of Turtle Beach Corp common stock, representing 4.14% of the 17,909,711 shares outstanding as of July 30, 2026.

What is the total Turtle Beach Corp (TBCH) stake attributed to J. Hale Hoak?

J. Hale Hoak is deemed to beneficially own 831,404 shares of Turtle Beach Corp, or about 4.64% of the outstanding common stock, through direct holdings and related entities.

What cost basis did Hoak Public Equities disclose for its Turtle Beach Corp (TBCH) position?

Hoak Public Equities disclosed a cost basis of $9,236,510.79 for its 741,459 shares of Turtle Beach Corp, all purchased using working capital of the partnership.

How many Turtle Beach Corp (TBCH) shares are outstanding for the ownership percentages shown?

Ownership percentages are calculated using 17,909,711 shares of Turtle Beach Corp common stock outstanding as of July 30, 2026, as reported in the company’s Form 10-Q.





900450206

(CUSIP Number)
Hoak Public Equities, L.P.
3963 Maple Avenue, Suite 450
Dallas, TX, 75219
(214) 855-2284

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/07/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
* This calculation is based upon 17,909,711 shares of Common Stock outstanding as of July 30, 2026, as disclosed in the Form 10-Q filed on August 6, 2026, by the Issuer with the U.S. Securities and Exchange Commission (the "SEC"). This filing constitutes an exit filing as the Reporting Persons have ceased to be the beneficial owners of more than 5 percent of the referenced class of securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
*This calculation is based upon 17,909,711 shares of Common Stock outstanding as of July 30, 2026, as disclosed in the Form 10-Q filed on August 6, 2026, by the Issuer with the SEC. This filing constitutes an exit filing as the Reporting Persons have ceased to be the beneficial owners of more than 5 percent of the referenced class of securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
*This calculation is based upon 17,909,711 shares of Common Stock outstanding as of July 30, 2026, as disclosed in the Form 10-Q filed on August 6, 2026, by the Issuer with the SEC. This filing constitutes an exit filing as the Reporting Persons have ceased to be the beneficial owners of more than 5 percent of the referenced class of securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
*Includes (1) 741,459 shares of Common Stock of the Issuer held directly by Hoak Public Equities, L.P, (2) 44,945 shares of Common Stock of the Issuer held directly by J. Hale Hoak, (3) 20,000 shares of Common Stock of the Issuer held by The Hoak Foundation, of which Mr. J. Hale Hoak serves as investment manager and (4) 25,000 shares of Common Stock of the Issuer held by Hale Hoak Child's Trust, of which J. Hale Hoak serves as trustee. ** This calculation is based upon 17,909,711 shares of Common Stock outstanding as of July 30, 2026, as disclosed in the Form 10-Q filed on August 6, 2026, by the Issuer with the SEC. This filing constitutes an exit filing as the Reporting Persons have ceased to be the beneficial owners of more than 5 percent of the referenced class of securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
*Includes (1) 741,459 shares of Common Stock of the Issuer held directly by Hoak Public Equities, L.P, and (2) 20,000 shares of Common Stock of the Issuer held by The Hoak Foundation, of which Mr. James M. Hoak serves as president. ** This calculation is based upon 17,909,711 shares of Common Stock outstanding as of July 30, 2026, as disclosed in the Form 10-Q filed on August 6, 2026, by the Issuer with the SEC. This filing constitutes an exit filing as the Reporting Persons have ceased to be the beneficial owners of more than 5 percent of the referenced class of securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
* This calculation is based upon 17,909,711 shares of Common Stock outstanding as of July 30, 2026, as disclosed in the Form 10-Q filed on August 6, 2026, by the Issuer with the SEC. This filing constitutes an exit filing as the Reporting Persons have ceased to be the beneficial owners of more than 5 percent of the referenced class of securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
* This calculation is based upon 17,909,711 shares of Common Stock outstanding as of July 30, 2026, as disclosed in the Form 10-Q filed on August 6, 2026, by the Issuer with the SEC. This filing constitutes an exit filing as the Reporting Persons have ceased to be the beneficial owners of more than 5 percent of the referenced class of securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
* This calculation is based upon 17,909,711 shares of Common Stock outstanding as of July 30, 2026, as disclosed in the Form 10-Q filed on August 6, 2026, by the Issuer with the SEC. This filing constitutes an exit filing as the Reporting Persons have ceased to be the beneficial owners of more than 5 percent of the referenced class of securities.


SCHEDULE 13D


Hoak Public Equities, LP
Signature:Hoak Fund Management, L.P.
Name/Title:Hoak Fund Management, L.P., its general partner
Date:08/10/2026
Signature:/s/ Hoak & Co.
Name/Title:Hoak & Co., its general partner
Date:08/10/2026
Signature:/s/ J. Hale Hoak
Name/Title:J. Hale Hoak, President
Date:08/10/2026
Hoak Fund Management, L.P.
Signature:/s/ Hoak & Co.
Name/Title:Hoak & Co., its general partner
Date:08/10/2026
Signature:/s/ J. Hale Hoak
Name/Title:J. Hale Hoak, President
Date:08/10/2026
Hoak & Co.
Signature:/s/ J. Hale Hoak
Name/Title:J. Hale Hoak, President
Date:08/10/2026
Hoak J. Hale
Signature:/s/ Hoak J. Hale
Name/Title:Hoak J. Hale
Date:08/10/2026
James M. Hoak, Jr.
Signature:/s/ James M. Hoak, Jr.
Name/Title:James M. Hoak, Jr.
Date:08/10/2026
Hale Hoak Child's Trust
Signature:/s/ J. Hale Hoak
Name/Title:J. Hale Hoak, Trustee
Date:08/10/2026
The Hoak Foundation
Signature:/s/ J. Hale Hoak
Name/Title:J. Hale Hoak, its investment manager
Date:08/10/2026
DeeDee Hoak
Signature:/s/ DeeDee Hoak
Name/Title:DeeDee Hoak
Date:08/10/2026