Scott Schatz - Feb 16, 2023 Form 4 Insider Report for Townsquare Media, Inc. (TSQ)

Role: EVP, Finance Op and Tech
Signature: /s/Allison Zolot as Attorney-in-Fact for Scott Schatz
Stock symbol: TSQ
Transactions as of: Feb 16, 2023
Transactions value $: $10,257
Form type: 4
Date filed: 3/14/2023, 05:07 PM
Previous filing: Oct 11, 2022
Next filing: Jun 26, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TSQ	Class A Common Stock	Award	$10.3K	+1.57K	+38.59%	$6.53	5.65K	Mar 10, 2023	Direct	F1
holding	TSQ	Class B Common Stock						355K	Feb 16, 2023	Direct	F2

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	Option to Purchase Class A Common Stock	Award	$0	+40K	+10.19%	$0.00	433K	Feb 16, 2023	Class A Common Stock	40K	$7.27	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares reported herein represent shares acquired under the terms of the Company's 2021 Employee Stock Purchase Plan.
F2	Includes 355,196 options to purchase Class B common stock that are fully vested and not subject to transfer restrictions.
F3	The Reporting Person's options vest and become exercisable with respect to fifty percent (50%) of the Option Shares vest on the second anniversary of the Grant Date and twenty-five percent (25%) of the Option Shares vest upon the third and fourth anniversaries of the Grant Date.