Scott Schatz - 13 Dec 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
13 Dec 2023
Net transactions value
-$19,143
Form type
4
Filing time
15 Dec 2023, 16:23:25 UTC
Previous filing
08 Dec 2023
Next filing
19 Dec 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 $81,929 +9,374 +123% $8.74 17,020 13 Dec 2023 Direct
transaction TSQ Class A Common Stock Sale $96,927 -9,374 -55% $10.34 7,646 13 Dec 2023 Direct F1
transaction TSQ Class A Common Stock Options Exercise $20,583 +2,355 +31% $8.74 10,001 14 Dec 2023 Direct
transaction TSQ Class A Common Stock Sale $24,728 -2,355 -24% $10.50 7,646 14 Dec 2023 Direct

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 -9,374 -2.7% $0.000000 335,404 13 Dec 2023 Class B Common Stock 9,374 $8.74 Direct F2, F3
transaction TSQ Options to Purchase Class B Common Stock Options Exercise $0 -2,355 -0.7% $0.000000 333,049 14 Dec 2023 Class B Common Stock 2,355 $8.74 Direct F2, F3
* 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 $10.25 to $10.50. 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 All of the shares subject to this option are fully vested and exercisable as of the date hereof.
F3 Column 8 has been intentionally left blank because the transaction was an exercise of a derivative security.