Turtle Beach Corp (TBCH): Hoak group cuts stake below 5% in exit filing
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.
Positive
- None.
Negative
- None.
Key Figures
Key Terms
beneficial owner regulatory
Schedule 13D regulatory
exit filing regulatory
working capital financial
cost basis financial
AI-generated analysis. How Rhea-AI works. Not financial advice.