Gary Ginsberg - Apr 1, 2024 Form 4 Insider Report for Townsquare Media, Inc. (TSQ)

Role
Director
Signature
/s/ Gary Ginsberg
Stock symbol
TSQ
Transactions as of
Apr 1, 2024
Transactions value $
-$30,750
Form type
4
Date filed
4/3/2024, 05:36 PM
Previous filing
Jan 19, 2024
Next filing
Apr 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSQ Class A Common Stock Options Exercise $144K +15K +14.98% $9.63 115K Apr 1, 2024 Direct F1
transaction TSQ Class A Common Stock Sale -$175K -15K -13.02% $11.68 100K Apr 1, 2024 Direct F1, 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 -15K -41.6% $0.00 21.1K Apr 1, 2024 Class A Common Stock 15K $9.63 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Options to Purchase Class A Common Stock reported in Table II were exercised for cash and repurchased by the Issuer at fair market value, pursuant to the terms of the Townsquare Media, Inc. 2014 Omnibus Incentive Plan, as a "deemed" issuance of shares by the Issuer and a "deemed" disposition of shares by the Reporting Person. No Common Stock was actually issued to or sold/disposed of by the Reporting Person in connection with this exercise.
F2 Includes: i) 81,607 shares of Class A common stock that are not subject to vesting or transfer restrictions and ii) 18,557 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.