Form 4: Townsquare Media Executive Scott Schatz Reports Stock Transactions
SEC Form 4 Filing
EVP Scott Schatz of Townsquare Media reports exercising options and selling Class B Common Stock on April 4, 2024.
Summary
- On April 4, 2024, Scott Schatz, EVP of Finance, Operations, and Technology at Townsquare Media, exercised options to purchase 131,929 shares of Class B Common Stock at a price of $8.74.
- Simultaneously, Schatz sold 131,929 shares of Class B Common Stock at $12.36.
- Following these transactions, Schatz directly owns 200,083 shares of Class B Common Stock and 9,069 shares of Class A Common Stock.
- He also holds options to purchase 236,987 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It simply reports facts.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, providing transparency to investors regarding insider activity. It's common for executives to exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of shares available in the market.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of earliest transaction: exercise of options and sale of Class B Common Stock. |
| 04/08/2024 | Date of signature on the Form 4 filing. |
| 07/25/2024 | Expiration date of options to purchase Class B Common Stock. |
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