Robert L. Worshek - 18 Apr 2025 Form 4 Insider Report for Townsquare Media, Inc. (TSQ)

Reporting relationship: SVP, Chief Accounting Officer
Issuer ticker: TSQ
Reported as of: 18 Apr 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 22 Apr 2025, 16:40:11 UTC
Prior SEC filing: 03 Apr 2025
Next SEC filing: 07 Jul 2025
Source filing: View source filing
Reporting owner signature: /s/ Robert L. Worshek

Key filing fact

Robert L. Worshek filed Form 4 for Townsquare Media, Inc. (TSQ) on 22 Apr 2025.

Key facts

This page summarizes Robert L. Worshek's Form 4 filing for Townsquare Media, Inc. (TSQ).
2 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 22 Apr 2025, 16:40.

Change

Previous filing in this sequence was filed on 03 Apr 2025.
Current net transaction value: $0.

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 derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TSQ transaction Derivative

Option to Purchase Class A Common Stock

Award

Transaction value: $0
Shares: +149,573
Change %: +88%
Price: $0.000000
Shares after: 319,327
Date: 18 Apr 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 149,573
Exercise price: $6.93
Footnotes: F1

TSQ transaction Derivative

Option to Purchase Class A Common Stock

Award

Transaction value: $0
Shares: +148,528
Change %: +47%
Price: $0.000000
Shares after: 467,855
Date: 18 Apr 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 148,528
Exercise price: $6.93
Footnotes: F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

The Reporting Person's time-based options 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.

Footnote F2

The Reporting Person's options reported in this row will vest and become exercisable 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 $8.24, $9.62, and $10.99, will result in the vesting of 49,504, 49,504, and 49,520 options, respectively.

Footnote F3

Includes 52,696 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.