Erik Hellum - 21 Jun 2023 Form 4 Insider Report for Townsquare Media, Inc. (TSQ)

Role
COO
Signature
/s/**Allison Zolot as Attorney-in-Fact for Erik Hellum
Issuer symbol
TSQ
Transactions as of
21 Jun 2023
Net transactions value
-$58,570
Form type
4
Filing time
23 Jun 2023, 16:33:55 UTC
Previous filing
14 Mar 2023
Next filing
28 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSQ Class A Common Stock Options Exercise $81,299 +9,302 +1.5% $8.74 638,932 21 Jun 2023 Direct
transaction TSQ Class A Common Stock Sale $110,787 -9,302 -1.5% $11.91 629,630 21 Jun 2023 Direct F1
transaction TSQ Class A Common Stock Options Exercise $77,970 +8,921 +1.4% $8.74 629,630 22 Jun 2023 Direct
transaction TSQ Class A Common Stock Sale $107,052 -8,921 -1.4% $12.00 620,709 22 Jun 2023 Direct F2, F3

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 Options to Purchase Class A Common Stock Options Exercise $0 -9,302 -1.2% $0.000000 747,290 21 Jun 2023 Class A Common Stock 9,302 $8.74 Direct F4, F5
transaction TSQ Options to Purchase Class A Common Stock Options Exercise $0 -8,921 -1.2% $0.000000 738,369 22 Jun 2023 Class A Common Stock 8,921 $8.74 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.83 to $12.02. The Reporting person undertakes, upon request by the Staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.92 to $12.11. The Reporting person undertakes, upon request by the Staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
F3 Includes: i) 76,627 shares of Class A common stock that are not subject to vesting or transfer restrictions; ii) 105,960 restricted stock units and iii) 438,122 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.
F4 All of the shares subject to this option are fully vested and exercisable as of the date hereof.
F5 Column 8 has been intentionally left blank because the transaction was an exercise of a derivative security.