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

Role
SVP, Chief Accounting Officer
Signature
/s/ Robert L. Worshek
Stock symbol
TSQ
Transactions as of
Feb 16, 2023
Transactions value $
$0
Form type
4
Date filed
3/14/2023, 05:09 PM
Previous filing
Oct 11, 2022
Next filing
Jan 19, 2024

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 +45K +56.25% $0.00 125K Feb 16, 2023 Class A Common Stock 45K $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.