Erik Hellum - Mar 21, 2024 Form 4 Insider Report for Townsquare Media, Inc. (TSQ)

Role
COO
Signature
/s/**Allison Zolot as Attorney-in-Fact for Erik Hellum
Stock symbol
TSQ
Transactions as of
Mar 21, 2024
Transactions value $
-$86,340
Form type
4
Date filed
3/25/2024, 04:59 PM
Previous filing
Mar 21, 2024
Next filing
Mar 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSQ Class A Common Stock Options Exercise $84.5K +13.5K +1.87% $6.25 737K Mar 21, 2024 Direct
transaction TSQ Class A Common Stock Sale -$147K -13.5K -1.83% $10.90 723K Mar 21, 2024 Direct F1
transaction TSQ Class A Common Stock Options Exercise $31.3K +5K +0.7% $6.25 723K Mar 22, 2024 Direct
transaction TSQ Class A Common Stock Sale -$54.8K -5K -0.69% $10.95 718K Mar 22, 2024 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 Option to Purchase Class A Common Stock Options Exercise $0 -13.5K -2.08% $0.00 637K Mar 21, 2024 Class A Common Stock 13.5K $6.25 Direct F4, F5
transaction TSQ Option to Purchase Class A Common Stock Options Exercise $0 -5K -0.78% $0.00 632K Mar 22, 2024 Class A Common Stock 5K $6.25 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 $10.81 to $11.10. 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 $10.90 to $11.02. 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.
F3 Includes: i) 97,444 shares of Class A common stock that are not subject to vesting or transfer restrictions; ii) 180,127 restricted stock units and iii) 440,651 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.