Scott Schatz - Apr 4, 2024 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
Stock symbol
TSQ
Transactions as of
Apr 4, 2024
Transactions value $
-$477,583
Form type
4
Date filed
4/8/2024, 10:45 AM
Previous filing
Jan 19, 2024
Next filing
Aug 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSQ Class B Common Stock Options Exercise $1.15M +132K +65.94% $8.74 332K Apr 4, 2024 Direct F1
transaction TSQ Class B Common Stock Sale -$1.63M -132K -39.74% $12.36 200K Apr 4, 2024 Direct F1, F2
holding TSQ Class A Common Stock 9.07K Apr 4, 2024 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 -132K -35.76% $0.00 237K Apr 4, 2024 Class B Common Stock 132K $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 21,846 shares of Class B common stock that are not subject to vesting or transfer restrictions and 178,237 options to purchase Class B 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.