Sphere Entertainment Co. - Apr 20, 2023 Form 4 Insider Report for Townsquare Media, Inc. (TSQ)

Role
10%+ Owner
Signature
/s/ Gautam Ranji, Executive Vice President, Chief Financial Officer and Treasurer of Sphere Entertainment Co.
Stock symbol
TSQ
Transactions as of
Apr 20, 2023
Transactions value $
$0
Form type
4
Date filed
4/21/2023, 07:04 PM
Previous filing
Apr 3, 2023
Next filing
Jun 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSQ Class A Common Stock, par value $0.01 per share Other $0 -583K -100% $0.00* 0 Apr 20, 2023 By Subsidiary F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TSQ Class C Common Stock Other $0 -2.63M -100% $0.00* 0 Apr 20, 2023 Class A Common Stock 2.63M $0.00 By Subsidiary F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Sphere Entertainment Co. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On April 20, 2023, Madison Square Garden Entertainment Corp., formerly MSGE Spinco, Inc. ("MSGE"), became a standalone publicly traded company following its spin-off from Sphere Entertainment Co., formerly Madison Square Garden Entertainment Corp. ("Sphere Entertainment"). In connection with the spin-off, MSG National Properties, LLC ("MSGNP"), an indirect wholly-owned subsidiary of Sphere Entertainment before the spin-off and the direct owner of 583,139 shares of Class A Common Stock and 2,625,000 shares of Class A Common Stock issuable upon conversion of the same number of shares of Class C Common Stock of Townsquare Media, Inc. ("Townsquare"), became an indirect wholly owned subsidiary of MSGE.
F2 Each share of the Class C Common Stock, par value $0.01 per share, of Townsquare has no expiration date and is convertible at the election of the holder into a share of Class A Common Stock of Townsquare, and automatically converts under certain circumstances, subject to certain limitations set forth in the certificate of incorporation of Townsquare.