Form 4: Townsquare Media Insiders Convert Class A Shares to Class C

MSD Capital, Michael Dell, Gregg Lemkau, and Marc Lisker jointly report the conversion of 500,000 Class A common stock shares into Class C common stock of Townsquare Media.

Summary

• On September 12, 2024, MSD Capital, Michael Dell, Gregg Lemkau, and Marc Lisker converted 500,000 shares of Class A common stock of Townsquare Media into an equal number of shares of Class C common stock.
• The Class A common stock was convertible at any time into an equal number of shares of Class C common stock.
• The reported securities are owned directly by SOF Investments, L.P. and SOF Investments, L.P. Private V.
• MSD Capital is the general partner of SOF Investments and SOF Investments Private V and may be deemed to beneficially own securities owned by these entities.
• MSD Capital Management LLC is the general partner of MSD Capital and may be deemed to beneficially own securities owned by MSD Capital.
• Gregg R. Lemkau and Marc R. Lisker are managers of MSD Capital Management and may be deemed to beneficially own securities owned by MSD Capital Management.
• Michael S. Dell is the controlling member of MSD Capital Management and may be deemed to beneficially own securities owned by MSD Capital Management.
• The reporting persons disclaim beneficial ownership of the securities covered by the statement, except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a share conversion, with no inherent positive or negative sentiment.

Industry Context

This filing reflects routine insider activity related to share conversions and ownership structures, which is common in publicly traded companies.

Stakeholder Impact

• The conversion of shares may have a minor impact on the share structure, but is unlikely to significantly affect stakeholders.

Key Dates