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

MSD Capital, Michael Dell, Gregg Lemkau, and Marc Lisker converted 836,341 shares of Class C common stock to Class A common stock on March 8, 2024.

Summary

• On March 8, 2024, MSD Capital, Michael S. Dell, Gregg R. Lemkau, and Marc R. Lisker converted 836,341 shares of Townsquare Media's Class C common stock into an equal number of Class A common stock.
• The Class C common stock was convertible into Class A common stock at any time.
• After the transaction, the reporting persons beneficially own 1,518,827 shares of Class A common stock indirectly through SOF Investments, L.P. and SOF Investments, L.P. Private V.
• The reporting persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock conversion, indicating a neutral sentiment.

Industry Context

This filing reflects routine transactions by significant shareholders and is typical for publicly traded companies. Conversions between share classes are not uncommon and often relate to voting rights or other governance considerations.

Stakeholder Impact

• The conversion of shares may have a minor impact on the voting power distribution among shareholders.

Key Dates