Diversis group sells TBCH shares, now owns 3.8%

Turtle Beach Corp (TBCH) received an amended Schedule 13D/A (Amendment No. 3) from a group of investors led by DC VGA LLC and affiliated Diversis Capital entities, including Kevin Ma and Ron Nayot.

Rhea-AI Filing Summary

Turtle Beach Corp (TBCH) received an amended Schedule 13D/A (Amendment No. 3) from a group of investors led by DC VGA LLC and affiliated Diversis Capital entities, including Kevin Ma and Ron Nayot. The reporting persons now beneficially own 674,706 shares of Turtle Beach common stock, representing 3.8% of the outstanding shares, based on 17,909,711 shares outstanding as of July 30, 2026.

The filing details recent open-market sales of Turtle Beach stock by the reporting persons. On August 13, 2026 they sold 115,016 shares at a weighted average price of $12.9030 per share, and on August 14, 2026 they sold 19,438 shares at a weighted average price of $12.8507. Additional sales occurred on August 25, 26, and 27, 2026, including a sale of 769,102 shares on August 27, 2026 at a weighted average price of $12.9361 per share. The group reports sole voting and dispositive power over the 674,706 shares.

Filing Explained

This Amendment No. 3 records completed open-market sales and a remaining 674,706-share, 3.8% position; that reported stake is below the 5% ownership level identified for Schedule 13D/13G disclosures, while the group retains sole voting and dispositive power over its remaining shares.

Key Figures

Beneficial ownership: 674,706 shares of common stock Ownership percentage: 3.8% Shares outstanding: 17,909,711 shares +3 more

6 metrics

Beneficial ownership 674,706 shares of common stock Shares beneficially owned by each reporting person after the reported transactions

Ownership percentage 3.8% Percent of Turtle Beach common stock represented by 674,706 shares

Shares outstanding 17,909,711 shares Turtle Beach common stock outstanding as of July 30, 2026, per Form 10-Q

Sale on August 13, 2026 115,016 shares at $12.9030 weighted average price Open-market sale by the reporting persons

Sale on August 14, 2026 19,438 shares at $12.8507 weighted average price Open-market sale by the reporting persons

Sale on August 27, 2026 769,102 shares at $12.9361 weighted average price Largest single-day open-market sale disclosed

Key Terms

Schedule 13D/A, beneficially owned, sole dispositive power, weighted average price, +1 more

5 terms

Schedule 13D/A regulatory

"This amended statement on /A relates to the common stock"

A Schedule 13D/A is an amended disclosure filed with regulators by an investor who already reported owning more than 5% of a company’s shares and needs to update their original filing. Think of it as a public status update that tells markets whether the investor’s ownership, plans, or source of funds have changed; such updates matter because they can signal a push for control, major strategic moves, or increased pressure on management, which can affect stock prices.

beneficially owned financial

"Aggregate amount beneficially owned by each reporting person 674,706.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power financial

"Sole Dispositive Power 674,706.00 10 | Shared Dispositive Power 0.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

weighted average price financial

"sold 115,016 shares of Common Stock in the open market at a weighted average price of $12.9030"

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.

open market financial

"shares of Common Stock in the open market at a weighted average price"

An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

FAQ

What percentage of Turtle Beach Corp (TBCH) does the reporting group now own?

The reporting group led by DC VGA LLC and Diversis Capital entities reports beneficial ownership of 3.8% of Turtle Beach Corp’s common stock, representing 674,706 shares, based on 17,909,711 shares outstanding as of July 30, 2026.

How many Turtle Beach (TBCH) shares does the Diversis-related group currently hold?

The reporting persons collectively beneficially own 674,706 shares of Turtle Beach Corp common stock, with sole voting and sole dispositive power over all of these shares, according to the amended Schedule 13D/A.

What is the outstanding share count of TBCH used in this 13D/A filing?

The ownership percentage is calculated using 17,909,711 shares of Turtle Beach Corp common stock outstanding as of July 30, 2026, as reported in Turtle Beach’s Form 10-Q for the quarter ended June 30, 2026.

What TBCH stock sales did the reporting group disclose in August 2026?

The group disclosed open-market sales on several dates in August 2026, including 115,016 shares on August 13 at a weighted average price of $12.9030 and 769,102 shares on August 27 at a weighted average price of $12.9361, plus additional smaller sales on August 14, 25, and 26.

At what prices did the reporting group sell Turtle Beach (TBCH) shares?

Reported weighted average sale prices included $12.9030 on August 13, $12.8507 on August 14, $12.8612 on August 25, $12.8583 on August 26, and $12.9361 on August 27, 2026, with individual trade prices generally ranging from about $12.85 to $13.31.

Who are the main reporting persons in this TBCH Schedule 13D/A amendment?

The main reporting persons are DC VGA LLC, Diversis Capital Partners I, L.P., Diversis Capital Partners GP I, L.P., Diversis Capital Partners GP I, LLC, and individuals Kevin Ma and Ron Nayot, all reporting the same 674,706-share beneficial position.

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Available on EDGAR 08/28/2026 - 09:00 AM Accepted by SEC EDGAR 08/27/2026 - 08:23 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)

Turtle Beach Corporation

(Name of Issuer)

Common Stock, par value $0.001

(Title of Class of Securities)

900450206

(CUSIP Number)

David Smith
O'Melveny & Myers LLP, 1999 Avenue of Stars, 8th Floor
Los Angeles, CA, 90067
(310) 553-6700

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/25/2026

(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

CUSIP Number(s): 900450206

1

Name of reporting person

DC VGA LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 674,706.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 674,706.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

674,706.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.8 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Note to Row 13: Calculated based on 17,909,711 shares of the common stock, par value $0.001 per share (the "common stock"), of Turtle Beach Corporation (the "Issuer"), outstanding as of July 30, 2026, as reported by the Issuer in its Quarterly Report on Form 10-Q (the "Form 10-Q") for the fiscal quarter ended June 30, 2026, filed with the Securities and Exchange Commission on August 6, 2026.

SCHEDULE 13D

CUSIP Number(s): 900450206

1

Name of reporting person

Diversis Capital Partners I, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 674,706.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 674,706.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

674,706.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.8 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

Note to Row 13: Calculated based on 17,909,711 shares of common stock outstanding as of July 30, 2026, as reported by the Issuer in the Form 10-Q.

SCHEDULE 13D

CUSIP Number(s): 900450206

1

Name of reporting person

Diversis Capital Partners GP I, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 674,706.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 674,706.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

674,706.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.8 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

Note to Row 13: Calculated based on 17,909,711 shares of common stock outstanding as of July 30, 2026, as reported by the Issuer in the Form 10-Q.

SCHEDULE 13D

CUSIP Number(s): 900450206

1

Name of reporting person

Diversis Capital Partners GP I, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 674,706.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 674,706.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

674,706.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.8 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Note to Row 13: Calculated based on 17,909,711 shares of common stock outstanding as of July 30, 2026, as reported by the Issuer in the Form 10-Q.

SCHEDULE 13D

CUSIP Number(s): 900450206

1

Name of reporting person

Kevin Ma

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 674,706.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 674,706.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

674,706.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.8 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Note to Row 13: Calculated based on 17,909,711 shares of common stock outstanding as of July 30, 2026, as reported by the Issuer in the Form 10-Q.

SCHEDULE 13D

CUSIP Number(s): 900450206

1

Name of reporting person

Ron Nayot

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 674,706.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 674,706.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

674,706.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.8 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Note to Row 13: Calculated based on 17,909,711 shares of common stock outstanding as of July 30, 2026, as reported by the Issuer in the Form 10-Q.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.001
(b)	Name of Issuer: Turtle Beach Corporation
(c)	Address of Issuer's Principal Executive Offices: 15822 Bernardo Center Drive, Suite 105, San Diego, CALIFORNIA , 92127.
Item 1 Comment: This amended statement on Schedule 13D/A relates to the common stock, par value $0.001 per share (the "Common Stock"), of Turtle Beach Corporation (the "Issuer"). The statement on Schedule 13D originally filed with the Securities and Exchange Commission (the "SEC") by the Reporting Persons, on March 21, 2024 (the "Schedule 13D"), is hereby amended and supplemented to include the information set forth herein. This amended statement on Schedule 13D/A (this "Amendment") constitutes Amendment No. 3 to the Schedule 13D (the Schedule 13D, as amended by Amendment No. 1, filed with the SEC on August 22, 2025 and further amended by Amendment No. 2, filed with the SEC on August 12, 2026, and this Amendment, collectively, the "Statement"). Except as set forth herein, the Schedule 13D is unmodified.
Item 5.	Interest in Securities of the Issuer
(a)	The information set forth on the cover page is hereby incorporated by reference.
(b)	The information set forth on the cover page is hereby incorporated by reference.
(c)	On August 13, 2026, the Reporting Persons sold 115,016 shares of Common Stock in the open market at a weighted average price of $12.9030. These shares were sold in multiple transactions at prices ranging from $12.85 to $13.115. On August 14, 2026, the Reporting Persons sold 19,438 shares of Common Stock in the open market at a weighted average price of $12.8507. These shares were sold in multiple transactions at prices ranging from $12.85 to $12.86. On August 25, 2026, the Reporting Persons sold 143,136 shares of Common Stock in the open market at a weighted average price of $12.8612. These shares were sold in multiple transactions at pricing ranging from $12.85 to $12.9430. On August 26, 2026, the Reporting Persons sold 54,043 shares of Common Stock in the open market at a weighted average price of $12.8583. These shares were sold in multiple transactions at prices ranging from $12.85 to $12.93. On August 27, 2026, the Reporting Persons sold 769,102 shares of Common Stock in the open market at a weighted average price of $12.9361. These shares were sold in multiple transactions at prices ranging from $12.85 to $13.31.
(d)	Not applicable.
(e)	Not applicable.
Item 7.	Material to be Filed as Exhibits.
	99.1 Joint Filing Agreement, dated as of March 13, 2024.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

DC VGA LLC

Signature:	/s/ Kevin Ma
Name/Title:	Kevin Ma, President
Date:	08/27/2026

Diversis Capital Partners I, L.P.

Signature:	/s/ Kevin Ma
Name/Title:	Diversis Capital Partners GP I. L.P., its General Partner, Diversis Capital Partners GP I, LLC, its General Partner, Kevin Ma, Managing Member
Date:	08/27/2026

Diversis Capital Partners GP I, L.P.

Signature:	/s/ Kevin Ma
Name/Title:	Diversis Capital Partners GP I, LLC, its General Partner, Kevin Ma, Managing Member
Date:	08/27/2026

Diversis Capital Partners GP I, LLC

Signature:	/s/ Kevin Ma
Name/Title:	Kevin Ma, Managing Member
Date:	08/27/2026

Kevin Ma

Signature:	/s/ Kevin Ma
Name/Title:	Kevin Ma
Date:	08/27/2026

Ron Nayot

Signature:	/s/ Ron Nayot
Name/Title:	Ron Nayot
Date:	08/27/2026