Form 4: Townsquare Media Executive Exercises and Sells Shares to Cover Option Expiration

Claire Marie Yenicay, EVP of Investor Relations and Corporate Communications at Townsquare Media, exercised options and sold shares on April 4, 2024.

Summary

• On April 4, 2024, Claire Marie Yenicay, EVP of Investor Relations and Corporate Communications at Townsquare Media, exercised options to purchase 31,048 shares of Class A Common Stock at a price of $8.74.
• Simultaneously, Yenicay sold 31,048 shares of Class A Common Stock at a price of $12.36.
• The option exercise was a 'deemed' issuance and reacquisition of shares by the issuer for fair market value, with no actual common stock issued.
• Following these transactions, Yenicay directly owns 190,191 shares of Class A Common Stock.
• This includes 11,954 shares not subject to vesting or transfer restrictions and 178,237 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.
• Yenicay also directly owns 236,987 options to purchase Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the relatively small number of shares involved.

Key Dates