Robert L. Worshek - 16 Feb 2023 Form 4 Insider Report for Townsquare Media, Inc. (TSQ)

Role
SVP, Chief Accounting Officer
Signature
/s/ Robert L. Worshek
Issuer symbol
TSQ
Transactions as of
16 Feb 2023
Net transactions value
$0
Form type
4
Filing time
14 Mar 2023, 17:09:39 UTC
Previous filing
11 Oct 2022
Next filing
19 Jan 2024
SEC
View on sec.gov

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 +45,000 +56% $0.000000 125,000 16 Feb 2023 Class A Common Stock 45,000 $7.27 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Includes 15,000 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.