Form 4: Townsquare Media Director Gary Ginsberg Reports Stock Transactions

Gary Ginsberg, a director at Townsquare Media, reported exercising options and selling shares of Class A Common Stock on April 4, 2024.

Summary

• On April 4, 2024, Gary Ginsberg, a director of Townsquare Media, exercised options to purchase 11,057 shares of Class A Common Stock at a price of $9.63.
• Simultaneously, Ginsberg sold 11,057 shares of Class A Common Stock at a price of $12.36.
• Following these transactions, Ginsberg beneficially owns 89,107 shares of Class A Common Stock, including 81,607 unrestricted shares and options to purchase 7,500 fully vested shares.
• The options exercised were expiring shortly and the exercise involved a 'deemed' issuance and reacquisition of shares by the issuer for fair market value, with no actual common stock issued.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions, and does not inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company leadership.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in beneficial ownership by a director.

Key Dates