Erik Hellum - 25 Mar 2024 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
25 Mar 2024
Net transactions value
-$15,760
Form type
4
Filing time
27 Mar 2024, 17:20:04 UTC
Previous filing
25 Mar 2024
Next filing
29 Mar 2024
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 $11,856 +1,897 +0.26% $6.25 718,222 25 Mar 2024 Direct
transaction TSQ Class A Common Stock Sale $20,734 -1,897 -0.26% $10.93 716,325 25 Mar 2024 Direct F1
transaction TSQ Class A Common Stock Options Exercise $9,250 +1,480 +0.21% $6.25 716,325 26 Mar 2024 Direct
transaction TSQ Class A Common Stock Sale $16,132 -1,480 -0.21% $10.90 714,845 26 Mar 2024 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 Option to Purchase Class A Common Stock Options Exercise $0 -1,897 -0.3% $0.000000 630,507 25 Mar 2024 Class A Common Stock 1,897 $6.25 Direct F3, F4
transaction TSQ Option to Purchase Class A Common Stock Options Exercise $0 -1,480 -0.23% $0.000000 629,027 26 Mar 2024 Class A Common Stock 1,480 $6.25 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 $10.90 to $11.00 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 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) 437,274 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.
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.