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

Role
10%+ Owner
Signature
/s/ Philip G. D'Ambrosio, Executive Vice President and Treasurer of Madison Square Garden Entertainment Corp.
Issuer symbol
TSQ
Transactions as of
01 Mar 2024
Net transactions value
$0
Form type
4
Filing time
05 Mar 2024, 17:10:45 UTC
Previous filing
20 Jun 2023
Next filing
03 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSQ Class A Common Stock, par value $0.01 per share Conversion of derivative security +1,125,000 +193% 1,708,139 01 Mar 2024 By Subsidiary F1

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 Class C Common Stock, par value $0.01 per share Conversion of derivative security -1,125,000 -100% 0 01 Mar 2024 Class A Common Stock 1,125,000 By Subsidiary F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 1, 2024, MSG National Properties, LLC an indirect subsidiary of Madison Square Garden Entertainment Corp. and the direct holder of Class C Common Stock, par value $0.01 per share ("Class C Common Stock"), of Townsquare Media, Inc. (the "Issuer"), converted 1,125,000 shares of Class C Common Stock to Class A Common Stock, par value $0.01 per share ("Class A Common Stock") of the Issuer.
F2 Each share of the Class C Common Stock has no expiration date and is convertible at the election of the holder into a share of Class A Common Stock and is automatically convertible into a share of Class A Common Stock under certain circumstances, subject to certain limitations set forth in the certificate of incorporation of the Issuer.