Form 4 for TSQ Townsquare Media, Inc.
Accepted 2023-04-21 00:00:00 ET · period of report 2023-04-20 · accession 0000899243-23-011563 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-04-21 | 2023-04-20 | TSQ | Sphere Entertainment Co. | 10% | J - Other | $0.00 | -583.1K | 0 | -100% | $0 |
| DI | 2023-04-21 | 2023-04-20 | TSQ | Sphere Entertainment Co. | 10% | J - Other | $0.00 | -2.62M | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock, par value $0.01 per share | 2023-04-20 | J | D | 583,139 | $0.00 | 0 | I By Subsidiary | — | — | (F1) On April 20, 2023, Madison Square Garden Entertainment Corp., formerly MSGE Spinco, Inc. ("MSGE"), became a standalone publicly traded company following its spin-off from Sphere Entertainment Co., formerly Madison Square Garden Entertainment Corp. ("Sphere Entertainment"). In connection with the spin-off, MSG National Properties, LLC ("MSGNP"), an indirect wholly-owned subsidiary of Sphere Entertainment before the spin-off and the direct owner of 583,139 shares of Class A Common Stock and 2,625,000 shares of Class A Common Stock issuable upon conversion of the same number of shares of Class C Common Stock of Townsquare Media, Inc. ("Townsquare"), became an indirect wholly owned subsidiary of MSGE. |
| 2 | Derivative | Class C Common Stock | 2023-04-20 | J | D | 2,625,000 | $0.00 | 0 | I By Subsidiary | $0.00 · — to — | 2,625,000 Class A Common Stock | (F2) Each share of the Class C Common Stock, par value $0.01 per share, of Townsquare has no expiration date and is convertible at the election of the holder into a share of Class A Common Stock of Townsquare, and automatically converts under certain circumstances, subject to certain limitations set forth in the certificate of incorporation of Townsquare. (F1) On April 20, 2023, Madison Square Garden Entertainment Corp., formerly MSGE Spinco, Inc. ("MSGE"), became a standalone publicly traded company following its spin-off from Sphere Entertainment Co., formerly Madison Square Garden Entertainment Corp. ("Sphere Entertainment"). In connection with the spin-off, MSG National Properties, LLC ("MSGNP"), an indirect wholly-owned subsidiary of Sphere Entertainment before the spin-off and the direct owner of 583,139 shares of Class A Common Stock and 2,625,000 shares of Class A Common Stock issuable upon conversion of the same number of shares of Class C Common Stock of Townsquare Media, Inc. ("Townsquare"), became an indirect wholly owned subsidiary of MSGE. |