Bill Wilson - Apr 4, 2024 Form 4 Insider Report for Townsquare Media, Inc. (TSQ)

Role
Chief Executive Officer, Director
Signature
/s/ Bill Wilson
Stock symbol
TSQ
Transactions as of
Apr 4, 2024
Transactions value $
-$1,416,940
Form type
4
Date filed
4/8/2024, 10:37 AM
Previous filing
Jan 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSQ Class A Common Stock Options Exercise $3.42M +391K +18.3% $8.74 2.53M Apr 4, 2024 Direct F1
transaction TSQ Class A Common Stock Sale -$4.84M -391K -15.47% $12.36 2.14M Apr 4, 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 Options to Purchase Class A Common Stock Options Exercise $0 -391K -19.26% $0.00 1.64M Apr 4, 2024 Class A Common Stock 391K $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 Options to Purchase Class A Common Stock reported in Table II were expiring shortly, and were exercised for cash as a "deemed" issuance of shares by the Issuer, followed by an immediate "deemed" reacquisition of such shares by the Issuer for fair market value. No Common Stock was actually issued in connection with this exercise.
F2 Includes: i) 498,460 shares of Class A common stock that are not subject to vesting or transfer restrictions; ii) 505,507 restricted stock units and iii) 1,135,168 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.