Welcome to our dedicated page for Townsquare Media SEC filings (Ticker: TSQ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for Townsquare Media, Inc. (NYSE: TSQ) brings together the company’s official regulatory disclosures, including Current Reports on Form 8-K and other key documents filed with the U.S. Securities and Exchange Commission. These filings provide structured detail on Townsquare’s financial results, segment performance, capital structure, and material events.
Townsquare uses Form 8-K to announce quarterly operating results, attaching earnings press releases as exhibits. In these filings, the company discusses net revenue, net income or loss, Adjusted EBITDA, Adjusted Net Income, and segment results for its Digital Advertising, Subscription Digital Marketing Solutions, and Broadcast Advertising businesses. The 8-Ks also describe non-GAAP financial measures and note that certain information is furnished rather than filed for purposes of the Exchange Act.
Filings may outline credit agreements, term loan facilities, and debt redemptions, as well as information on outstanding indebtedness and leverage metrics referenced in the company’s public communications. Townsquare’s disclosures also address its capital structure, including multiple classes of common stock and their voting rights, and describe the conditions under which shares can convert into Class A common stock, subject to Federal Communications Commission rules.
Through Stock Titan, users can access these TSQ filings with AI-powered summaries that highlight the main points of lengthy documents. Real-time updates from EDGAR ensure that new 8-Ks, 10-Qs, and 10-Ks appear as they are filed, while AI-generated overviews help explain complex sections, such as segment reporting, non-GAAP reconciliations, and capital structure details. Investors can also review filings related to executive and board decisions, dividend declarations, and other material corporate events disclosed by Townsquare.
Townsquare Media, Inc. describes itself as a community-focused, digital-first local media and marketing company operating mainly outside the top 50 U.S. markets. It runs three segments: Digital Advertising (Townsquare Ignite), Subscription Digital Marketing Solutions (Townsquare Interactive), and Broadcast Advertising, plus a smaller live events portfolio.
Digital revenue from Ignite and Interactive was $236.0 million in 2025, or 55% of net revenue, while Broadcast Advertising generated $183.4 million and Other (primarily live events) $8.0 million. The company owns 340 radio stations in 74 markets and more than 400 local websites and apps, supported by substantial first-party data and proprietary ad-tech.
Townsquare highlights a "Digital First" growth strategy, ongoing investment in technology, sales and content, and a large SMB-focused subscription TAM. It notes $433.0 million of debt outstanding as of December 31, 2025, capital expenditures of $15.2 million (3.6% of net revenue), and a workforce of 1,804 employees, while outlining extensive regulatory, macroeconomic, technology and AI-related risks.
Townsquare Media reported softer 2025 results but met its earlier guidance and highlighted continued strength in digital. Full-year net revenue was
Digital operations are now the core of the business, contributing
Broadcast Advertising remained under pressure, with 2025 net revenue down
Despite higher interest costs, Townsquare generated
The board approved a quarterly cash dividend of
Townsquare Media COO Erik Hellum reported an open-market sale of 20,106 shares of Class A common stock on
According to the disclosure, the shares were sold to cover tax withholding after restricted stock units vested, and Hellum held 949,542 shares directly following the transaction.
TSQ reports a proposed sale of 20,106 Class A shares tied to restricted stock vesting on 02/12/2026.
The filing lists three Class A sales by Erik Hellum in the past three months: 5,693 shares on 12/29/2025 for
Townsquare Media executive vice president of finance, operations and technology Scott Schatz reported acquiring 980 shares of Class A common stock at $6.61 per share in a dividend reinvestment transaction on February 2, 2026. Following this, he directly holds 58,051 Class A shares, including 20,000 fully vested options, and 196,846 Class B shares, including 175,000 fully vested options, all without vesting or transfer restrictions.
Townsquare Media, Inc. COO Erik Hellum reported two stock sales in January 2026. On January 16, he sold 7,437 shares of Class A common stock at $5.54 per share, and on January 20 he sold 6,522 shares at $5.57 per share. The filing explains that these shares were sold to cover tax withholding requirements following the vesting of restricted stock units, which is a common administrative transaction.
After these sales, Hellum beneficially owned 969,648 shares of Class A common stock. This total includes 132,553 shares that are not subject to vesting or transfer restrictions, 434,901 restricted stock units, and 402,194 fully vested stock options that are not subject to transfer restrictions. The filing also notes that 52,980 performance-based restricted stock units were cancelled on January 18, 2026.
An insider associated with TSQ has filed a Form 144 indicating an intention to sell 6,522 Class A shares through Fidelity Brokerage Services LLC on the NYSE. The filing lists an aggregate market value of $36,324.28 for this proposed sale, with 15,145,320 Class A shares outstanding. The shares to be sold were acquired on 01/16/2026 through restricted stock vesting from the issuer as compensation.
Over the prior three months, the same seller, Erik Hellum, reported selling 5,693 Class A shares for $28,813.41 on 12/29/2025 and 7,437 Class A shares for $41,163.80 on 01/16/2026. By signing the notice, the seller represents that they are not aware of undisclosed material adverse information about the issuer’s operations.
Townsquare Media reported an equity award for its COO, Erik Hellum. On 01/14/2026 he acquired 92,421 Class A common units at $5.41 per unit and a further 189,368 Class A common units at $5.41. These units are structured as restricted stock units, with some vesting over three years based on continued service and others vesting only if the stock reaches specified volume-weighted average price targets. After these awards, Hellum beneficially owned 1,036,587 Class A common units.
Townsquare Media, Inc. executive Stuart B. Rosenstein, the EVP and CFO, reported new equity awards in the company’s stock-based units. On January 14, 2026, he was granted 110,906 time-based Class A Common Units at $5.41 per unit and 227,242 performance-based Class A Common Units at $5.41 per unit. The time-based units vest in three annual installments of 33.33%, 33.33% and 33.34% following the grant date, subject to continued service.
The performance-based units vest only if a volume weighted average trading price, or VWAP, is achieved over 20 consecutive trading days between the grant date and the third anniversary. VWAP hurdles of $6.49, $7.57 and $8.66 correspond to vesting of 55,402, 73,801 and 98,039 units, respectively, subject to continued service. Following these awards, Rosenstein beneficially owned 1,008,273 Class A Common Units directly and 467,213 shares of Class B common stock, including previously held shares, restricted stock units and vested options.
Townsquare Media, Inc. CEO Bill Wilson, who also serves as a director, reported awards of Class A common units on January 14, 2026. He acquired 231,054 Class A common units as time-based restricted stock units that vest 33.33% on the first anniversary of the grant date, 33.33% on the second, and 33.34% on the third, subject to his continued service.
He also acquired 473,420 performance-based restricted stock units, which vest only if the company’s volume weighted average trading price reaches $6.49, $7.57, and $8.66 for 20 consecutive trading days within three years of the grant date and he remains in service. After these grants, he beneficially owns 3,347,976 Class A common units, including 668,428 shares of Class A common stock, 1,353,940 restricted stock units, and 1,325,608 fully vested stock options.