Form 4: Townsquare Media Executive Sells Shares in Recent Transactions

Townsquare Media's EVP of Finance, Operations, and Technology, Scott Schatz, sold a total of 5,150 shares of Class A Common Stock in two transactions.

Summary

• Scott Schatz, EVP of Finance, Operations, and Technology at Townsquare Media, sold 150 shares of Class A Common Stock on December 16, 2024, at a price of $10.20 per share.
• He then sold an additional 5,000 shares of Class A Common Stock on December 17, 2024, at a weighted average price of $9.75 per share, with individual transactions ranging from $9.75 to $9.76.
• Following these transactions, Mr. Schatz directly owns 43,068 shares of Class A Common Stock and 200,083 shares of Class B Common Stock.
• The Class B Common Stock includes 21,846 shares not subject to vesting or transfer restrictions and 178,237 options to purchase Class B common stock that are fully vested and not subject to transfer restrictions.

Sentiment

Score: 5

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

Industry Context

This is a routine disclosure of stock sales by a company executive, which is common in publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly listed companies, such as Townsquare Media, and are typically disclosed through SEC filings like Form 4.
• Similar filings can be observed for executives at comparable media companies such as iHeartMedia and Cumulus Media, where executives regularly trade shares of their company's stock.
• The volume and price of these transactions are often compared to historical trading patterns and industry benchmarks to assess their significance.

Stakeholder Impact

• The stock sales by a company executive may be of interest to shareholders, as it provides insight into insider trading activity.
• The transactions are unlikely to have a significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

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