Erik Hellum - 26 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: 26 Jun 2023
Net transactions value: -$61,052
Form type: 4
Filing time: 28 Jun 2023, 17:01:02 UTC
Previous filing: 23 Jun 2023
Next filing: 30 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	$58,978	+6,748	+1.1%	$8.74	620,709	26 Jun 2023	Direct
transaction	TSQ	Class A Common Stock	Sale	$77,130	-6,748	-1.1%	$11.43	613,961	26 Jun 2023	Direct	F1
transaction	TSQ	Class A Common Stock	Options Exercise	$131,100	+15,000	+2.5%	$8.74	613,961	27 Jun 2023	Direct
transaction	TSQ	Class A Common Stock	Sale	$174,000	-15,000	-2.4%	$11.60	598,961	27 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	-6,748	-0.91%	$0.000000	731,621	26 Jun 2023	Class A Common Stock	6,748	$8.74	Direct	F4, F5
transaction	TSQ	Options to Purchase Class A Common Stock	Options Exercise	$0	-15,000	-2.1%	$0.000000	716,621	27 Jun 2023	Class A Common Stock	15,000	$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 $11.40 to $11.55. 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 $11.50 to $11.70. 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) 416,374 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.