Stuart Rosenstein - 15 Jan 2025 Form 4 Insider Report for Townsquare Media, Inc. (TSQ)

Role
EVP and CFO
Signature
/s/ Allison Zolot as Attorney-in- Fact for Stuart Rosenstein
Issuer symbol
TSQ
Transactions as of
15 Jan 2025
Transactions value $
$6,798
Form type
4
Filing time
17 Jan 2025, 17:02:13 UTC
Previous filing
02 Aug 2024
Next filing
07 Jul 2025
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 Units Award $0 +66.2K +16.26% $0.00 473K 15 Jan 2025 Direct F1
transaction TSQ Class A Common Units Award $0 +84.5K +17.91% $0.00 557K 15 Jan 2025 Direct F2
transaction TSQ Class A Common Stock Award $6.8K +831 +0.15% $8.18 558K 15 Jan 2025 Direct F3, F4
holding TSQ Class B Common Stock 555K 15 Jan 2025 Direct F5
* 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 $9.98, $10.43, and $10.88, will result in the vesting of 28,175, 28,175 and 28,183 of the performance-based restricted stock units, respectively.
F3 The shares reported herein represent shares acquired under the terms of the Company's 2021 Employee Stock Purchase Plan.
F4 Includes: i) 98,590 shares of Class A common stock that are not subject to vesting or transfer restrictions; ii) 227,210 restricted stock units and ii) 232,494 Class A options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.
F5 Includes i) 117,213 shares of Class B common stock that are not subject to vesting or transfer restrictions and ii) 437,950 Class B options to purchase Class B common stock that are fully vested and not subject to transfer restrictions.