Form 4 for TSQ Townsquare Media, Inc.
Accepted 2024-04-03 00:00:00 ET · period of report 2024-04-01 · accession 0001499832-24-000059 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-04-03 | 2024-04-01 | TSQ | GINSBERG GARY L | Dir | M - OptEx | $9.63 | +15.0K | 115.2K | +15% | +$144.4K |
| D | 2024-04-03 | 2024-04-01 | TSQ | GINSBERG GARY L | Dir | S - Sale+OE | $11.68 | -15.0K | 100.2K | -13% | -$175.2K |
| D | 2024-04-03 | 2024-04-01 | TSQ | GINSBERG GARY L | Dir | M - OptEx | $0.00 | -15.0K | 21.1K | -42% | $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 | 2024-04-01 | M | A | 15,000 | $9.63 | 115,164 | D | — | — | (F1) The Options to Purchase Class A Common Stock reported in Table II were exercised for cash and repurchased by the Issuer at fair market value, pursuant to the terms of the Townsquare Media, Inc. 2014 Omnibus Incentive Plan, as a "deemed" issuance of shares by the Issuer and a "deemed" disposition of shares by the Reporting Person. No Common Stock was actually issued to or sold/disposed of by the Reporting Person in connection with this exercise. |
| 2 | Common | Class A Common Stock | 2024-04-01 | S | D | 15,000 | $11.68 | 100,164 | D | — | — | (F1) The Options to Purchase Class A Common Stock reported in Table II were exercised for cash and repurchased by the Issuer at fair market value, pursuant to the terms of the Townsquare Media, Inc. 2014 Omnibus Incentive Plan, as a "deemed" issuance of shares by the Issuer and a "deemed" disposition of shares by the Reporting Person. No Common Stock was actually issued to or sold/disposed of by the Reporting Person in connection with this exercise. (F2) Includes: i) 81,607 shares of Class A common stock that are not subject to vesting or transfer restrictions and ii) 18,557 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions. |
| 3 | Derivative | Option to Purchase Class A Common Stock | 2024-04-01 | M | D | 15,000 | $0.00 | 21,057 | D | $9.63 · — to 2024-07-25 | 15,000 Class A Common Stock | (F4) Column 8 has been intentionally left blank because the transaction was an exercise of a derivative security. (F3) All of the shares subject to this option are fully vested and exercisable as of the date hereof. |