Madison Square Garden Entertainment Corp. - 01 Apr 2024 Form 4 Insider Report for Townsquare Media, Inc. (TSQ)

Reporting relationship: 10%+ Owner
Issuer ticker: TSQ
Reported as of: 01 Apr 2024
Net transaction value: -$14,640,000
SEC form: 4
Accepted by SEC: 03 Apr 2024, 17:08:42 UTC
Prior SEC filing: 05 Mar 2024
Source filing: View source filing
Reporting owner signature: /s/ Philip G. D'Ambrosio, Executive Vice President and Treasurer of Madison Square Garden Entertainment Corp.

Key filing fact

Madison Square Garden Entertainment Corp. filed Form 4 for Townsquare Media, Inc. (TSQ) on 03 Apr 2024.

Key facts

This page summarizes Madison Square Garden Entertainment Corp.'s Form 4 filing for Townsquare Media, Inc. (TSQ).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 03 Apr 2024, 17:08.

Change

Previous filing in this sequence was filed on 05 Mar 2024.
Current net transaction value: -$14,640,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TSQ transaction

Class A Common Stock, par value $0.01 per share

Disposed to Issuer

Transaction value: $14,640,000
Shares: -1,500,000
Change %: -88%
Price: $9.76
Shares after: 208,139
Date: 01 Apr 2024
Ownership: By Subsidiary
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Madison Square Garden Entertainment Corp. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 1 footnote

Footnote F1

On April 1, 2024, MSG National Properties, LLC ("MSGNP"), an indirect subsidiary of Madison Square Garden Entertainment Corp. and the direct holder of Class A Common Stock, par value $0.01 per share ("Class A Common Stock") of Townsquare Media, Inc. (the "Issuer"), sold 1,500,000 shares of Class A Common Stock back to the Issuer at a per share price of $9.76 USD pursuant to the Stock Repurchase Agreement, dated April 1, 2024, by and between the Issuer and MSGNP.