Form 4: Townsquare Media Executive Sells Shares in Open Market Transaction

Scott Schatz, EVP of Finance, Operations, and Technology at Townsquare Media, sold 4,594 shares of Class A common stock at an average price of $9.65 per share.

Summary

• Scott Schatz, an executive at Townsquare Media, sold 4,594 shares of Class A common stock on December 26, 2024.
• The sale was executed at a weighted average price of $9.65 per share, with individual transactions ranging from $9.65 to $9.66.
• Following the transaction, Schatz directly owns 31,366 shares of Class A common stock and 218,833 shares of Class B common stock.
• The Class B common stock holdings include 21,846 shares not subject to vesting or transfer restrictions and 196,987 fully vested options.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock sale by an executive, with no indication of positive or negative sentiment.

Industry Context

This is a routine disclosure of an insider transaction, which is common for publicly traded companies. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transaction is a relatively small sale of shares by an executive, which is not unusual.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but is unlikely to have a significant effect.

Key Dates

Keywords

Townsquare Media, TSQ, stock sale, insider trading, executive, Form 4, Class A Common Stock, Class B Common Stock, Scott Schatz