Form 4: Townsquare Media Executive Sells Shares in Recent Transactions

Scott Schatz, EVP of Finance, Operations, and Technology at Townsquare Media, sold a portion of his Class A common stock holdings in transactions on December 30th and 31st, 2024.

Summary

• Scott Schatz, an executive at Townsquare Media, sold 2,066 shares of Class A common stock on December 30, 2024, at a weighted average price of $9.30 per share.
• The shares were sold in multiple transactions with prices ranging from $9.24 to $9.32.
• On December 31, 2024, Mr. Schatz sold an additional 100 shares of Class A common stock at $9.10 per share.
• Following these transactions, Mr. Schatz directly owns 29,200 shares of Class A common stock and 218,833 shares of Class B common stock.
• The Class B common stock includes 21,846 shares not subject to vesting or transfer restrictions and 196,987 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.

Industry Context

This is a routine filing related to executive stock transactions and is common in publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The transactions are relatively small in volume compared to the total outstanding shares of Townsquare Media, and are not unusual for executives to sell shares for personal financial management.

Stakeholder Impact

• The stock sales by the executive may have a minor impact on the share price, but are unlikely to significantly affect stakeholders.

Key Dates

Keywords

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