john t hanson cfo at turtle beach nasdaqhear made a large buy and sell of company shares on november 19 according to a new sec filing what happened a form 4 filing from the us securities and exchange commission states that john t hanson exercised options to purchase 87446 turtle beach shares at prices ranging from 204 to 1652 per share for a total of 594923 on november 19 they then sold their shares on succeeding transactions in the open market they sold at prices ranging from 2725 to 2807 to raise a total of 2393858 from the stock sale following the transaction hanson still owns 19507 shares of the company worth 53293100 turtle beach shares are trading up 217 at 2732 at the time of this writing on monday morning now trade stocks online commission free with charles schwab a trusted and complete investment firm insider transactions shouldnt be used primarily to make an investing decision however they can be an important factor for an investor to consider in legal terms an insider refers to any shareholder who owns at least 10 of a company this can include executives in the csuite and large hedge funds these insiders are required to let the public know of their transactions via a form 4 filing which must be filed within two business days of the transaction when a company insider makes a new purchase that is an indication that they expect the stock to rise insider sells on the other hand can be made for a variety of reasons and may not necessarily mean that the seller thinks the stock will go down investors prefer focusing on transactions that take place in the open market indicated in table i of the form 4 filing a p in box 3 indicates a purchase while s indicates a sale transaction code c indicates the conversion of an option and transaction code a indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company check out the full list of turtle beachs insider trades this article was generated by benzingas automated content engine and reviewed by an editor