Scott Schatz - 27 Jun 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
Issuer symbol
TSQ
Transactions as of
27 Jun 2023
Net transactions value
-$94,806
Form type
4
Filing time
29 Jun 2023, 16:57:09 UTC
Previous filing
26 Jun 2023
Next filing
01 Sep 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 $87,417 +10,002 +177% $8.74 15,648 27 Jun 2023 Direct
transaction TSQ Class A Common Stock Sale $119,524 -10,002 -64% $11.95 5,646 27 Jun 2023 Direct F1
transaction TSQ Class A Common Stock Options Exercise $161,174 +18,441 +327% $8.74 24,087 28 Jun 2023 Direct
transaction TSQ Class A Common Stock Sale $223,874 -18,441 -77% $12.14 5,646 28 Jun 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 Options to Purchase Class B Common Stock Options Exercise $0 -10,002 -2.6% $0.000000 377,357 27 Jun 2023 Class B Common Stock 10,002 $8.74 Direct F3, F4
transaction TSQ Options to Purchase Class B Common Stock Options Exercise $0 -18,441 -4.9% $0.000000 358,916 28 Jun 2023 Class B Common Stock 18,441 $8.74 Direct F3, F4
* 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 $11.90 to $12.09. 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 $12.09 to $12.19. 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 All of the shares subject to this option are fully vested and exercisable as of the date hereof.
F4 Column 8 has been intentionally left blank because the transaction was an exercise of a derivative security.