Form 4: Townsquare Media Executive Acquires Class A Common Stock Through Employee Plan

Scott Schatz, Executive Vice President of Finance, Operations, and Technology at Townsquare Media, Inc., acquired 2,000 shares of Class A Common Stock through the company's Employee Stock Purchase Plan.

Summary

• Scott Schatz, EVP, Finance Op and Tech of Townsquare Media, Inc. (TSQ), acquired 2,000 shares of Class A Common Stock.
• The transaction occurred on July 2, 2025, at a price of $7.12 per share.
• The shares were acquired under the terms of the Company's 2021 Employee Stock Purchase Plan.
• Following the transaction, Scott Schatz beneficially owns 53,322 shares of Class A Common Stock, which includes 33,322 non-restricted shares and 20,000 fully vested options.
• Additionally, Scott Schatz beneficially owns 218,833 shares of Class B Common Stock, comprising 21,846 non-restricted shares and 196,987 fully vested options.

Sentiment

Score: 7

Explanation: The acquisition of shares by a key executive, even through an employee plan, generally signals confidence in the company's future, which is a positive indicator for investors.

Positives

• EVP Scott Schatz acquired 2,000 shares of Class A Common Stock, which can be interpreted as a signal of management confidence in the company's future prospects.
• The acquisition was made through the Company's 2021 Employee Stock Purchase Plan, indicating a structured and common employee benefit program.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: May view the insider purchase as a positive signal of management's confidence in the company's valuation and future performance.
• Employees: The transaction highlights the existence and utilization of the Company's 2021 Employee Stock Purchase Plan, which is a benefit available to eligible employees.

Key Dates

Recommendation

Keywords

Townsquare Media, TSQ, Scott Schatz, SEC Form 4, Insider Trading, Stock Acquisition, Employee Stock Purchase Plan, Class A Common Stock, Class B Common Stock