Scott Schatz - Jun 27, 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
Stock symbol
TSQ
Transactions as of
Jun 27, 2023
Transactions value $
-$94,806
Form type
4
Date filed
6/29/2023, 04:57 PM
Previous filing
Jun 26, 2023
Next filing
Sep 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSQ Class A Common Stock Options Exercise $87.4K +10K +177.15% $8.74 15.6K Jun 27, 2023 Direct
transaction TSQ Class A Common Stock Sale -$120K -10K -63.92% $11.95 5.65K Jun 27, 2023 Direct F1
transaction TSQ Class A Common Stock Options Exercise $161K +18.4K +326.62% $8.74 24.1K Jun 28, 2023 Direct
transaction TSQ Class A Common Stock Sale -$224K -18.4K -76.56% $12.14 5.65K Jun 28, 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 -10K -2.58% $0.00 377K Jun 27, 2023 Class B Common Stock 10K $8.74 Direct F3, F4
transaction TSQ Options to Purchase Class B Common Stock Options Exercise $0 -18.4K -4.89% $0.00 359K Jun 28, 2023 Class B Common Stock 18.4K $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.