Form 4 for TSQ Townsquare Media, Inc.

Accepted 2023-01-19 00:00:00 ET · period of report 2023-01-18 · accession 0001499832-23-000015 · 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
M	2023-01-19	2023-01-18	TSQ	Hellum Erik	COO, Local Media	A - Grant	$0.00	+106.0K	559.4K	+23%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A Common Units	2023-01-18	A	A	52,980	$0.00	612,401	D	—	—	(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") measured over the last 20 trading days of the performance period that begins on the Grant Date and ends on January 18, 2026, subject to the Reporting Person's continued service through the end of the performance period. Subject to the foregoing conditions, achievement of a VWAP of $8.74, $10.75 and $13.05, will result in the vesting of 17,660, 17,660 and 17,660 of the performance-based restricted stock units, respectively. (F3) Includes 74,711 shares of Class A common stock that are not subject to vesting or transfer restrictions and 431,730 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.
2	Common	Class A Common Units	2023-01-18	A	A	52,980	$0.00	559,421	D	—	—	(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.