Form 4: Townsquare Media COO Sells Shares for Tax Obligations

Townsquare Media's COO, Erik Hellum, sold Class A Common Stock to cover tax withholding requirements following restricted stock unit vesting.

Summary

• Erik Hellum, Chief Operating Officer (COO) of Townsquare Media, Inc. (TSQ), reported two sales of Class A Common Stock.
• On January 16, 2026, Hellum sold 7,437 shares at a price of $5.54 per share.
• On January 20, 2026, Hellum sold an additional 6,522 shares at a price of $5.57 per share.
• These sales were conducted to cover tax withholding requirements associated with the vesting of restricted stock units.
• Following these transactions, Hellum beneficially owns 969,648 shares of Class A Common Stock.
• This beneficial ownership includes 132,553 unrestricted shares, 434,901 restricted stock units (net of 52,980 performance-based RSUs cancelled on January 18, 2026), and 402,194 fully vested options to purchase Class A Common Stock.

Sentiment

Score: 5

Explanation: The transactions represent routine sales to cover tax obligations upon RSU vesting, not a discretionary sale indicating a change in sentiment towards the company. Therefore, the sentiment is neutral.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Minimal direct impact on shareholders as these are routine tax-related sales by an executive, not indicative of a change in company fundamentals or executive confidence.

Key Dates

Keywords

Townsquare Media, TSQ, Erik Hellum, Insider Transaction, Form 4, Stock Sale, Restricted Stock Units, Tax Withholding