Robert L. Worshek - May 23, 2024 Form 4 Insider Report for Townsquare Media, Inc. (TSQ)

Role
SVP, Chief Accounting Officer
Signature
/s/ Robert L. Worshek
Stock symbol
TSQ
Transactions as of
May 23, 2024
Transactions value $
-$13,505
Form type
4
Date filed
5/28/2024, 04:31 PM
Previous filing
Jan 19, 2024
Next filing
Aug 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSQ Class A Common Stock Options Exercise $168K +16K +27.51% $10.50 74.1K May 23, 2024 Direct
transaction TSQ Class A Common Stock Sale -$177K -16K -21.57% $11.06 58.1K May 23, 2024 Direct F1
transaction TSQ Class A Common Stock Options Exercise $90.3K +8.6K +17.37% $10.50 58.1K May 24, 2024 Direct
transaction TSQ Class A Common Stock Sale -$94.8K -8.6K -14.8% $11.03 49.5K May 24, 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 -16K -5.99% $0.00 251K May 23, 2024 Class A Common Stock 16K $10.50 Direct F4, F5
transaction TSQ Option to Purchase Class A Common Stock Options Exercise $0 -8.6K -3.43% $0.00 242K May 24, 2024 Class A Common Stock 8.6K $10.50 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 $11.00 to $11.14 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 $11.00 to $11.11 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) 2,000 shares of Class A common stock that are not subject to vesting or transfer restrictions and ii) 47,500 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.