Stuart B. Rosenstein - 14 Jan 2026 Form 4 Insider Report for Townsquare Media, Inc. (TSQ)

Role: EVP and CFO
Signature: /s/ Stuart Rosenstein
Issuer symbol: TSQ
Transactions as of: 14 Jan 2026
Net transactions value: +$1,829,381
Form type: 4
Filing time: 16 Jan 2026, 16:32:22 UTC
Previous filing: 12 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Rosenstein Stuart B	EVP and CFO	C/O TOWNSQUARE MEDIA, INC., 4 MANHATTANVILLE ROAD SUITE 107, PURCHASE	/s/ Stuart Rosenstein	16 Jan 2026	0001292179

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TSQ	Class A Common Units	Award	$600,001	+110,906	+17%	$5.41	781,031	14 Jan 2026	Direct	F1
transaction	TSQ	Class A Common Units	Award	$1,229,379	+227,242	+29%	$5.41	1,008,273	14 Jan 2026	Direct	F2, F3
holding	TSQ	Class B Common Stock						467,213	14 Jan 2026	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person's time-based restricted stock units reported in this row will vest as to 33.33% on the first anniversary of the Grant Date, 33.33% on the second anniversary of the Grant Date, and 33.34% on the third anniversary of the Grant Date, in each case, subject to the Reporting Person's continued service through each applicable vesting date.
F2	The Reporting Person's performance-based restricted stock units reported in this row will vest subject to the achievement of a specified volume weighted average trading price ("VWAP") over a period of 20 consecutive trading days, in each case subject to the achievement of such VWAP during the period beginning on the Grant Date and ending on the third anniversary of the Grant Date, and the Reporting Person's continued service through each vesting date. Subject to the foregoing conditions, achievement of a VWAP of $6.49, $7.57, and $8.66, will result in the vesting of 55,402, 73,801 and 98,039 of the performance-based restricted stock units, respectively.
F3	Includes: i) 121,721 shares of Class A common stock that are not subject to vesting or transfer restrictions; ii) 546,227 restricted stock units and ii) 340,325 Class A options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.
F4	Includes i) 117,213 shares of Class B common stock that are not subject to vesting or transfer restrictions and ii) 350,000 Class B options to purchase Class B common stock that are fully vested and not subject to transfer restrictions.