Townsquare Media (TSQ) SVP Buys Shares via 2021 Stock Purchase Plan

Rhea-AI Filing Summary

Townsquare Media, Inc. executive Robert L. Worshek, the company’s SVP and Chief Accounting Officer, reported acquiring additional Class A common stock. On January 8, 2026, he obtained 2,000 shares of Class A common stock at $4.63 per share under the company’s 2021 Employee Stock Purchase Plan.

After this transaction, Worshek beneficially owns 58,924 Class A-related securities directly, including 6,228 shares of Class A common stock that are unrestricted and 52,696 fully vested options to purchase Class A common stock that are not subject to transfer restrictions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

WORSHEK ROBERT L.

(Last) (First) (Middle)

4 MANHATTANVILLE ROAD

SUITE 107

(Street)

PURCHASE NY 10577

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Townsquare Media, Inc. [ TSQ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/08/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	01/08/2026		A		2,000	A(1)	$4.63	58,924(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares reported herein represent shares acquired under the terms of the Company's 2021 Employee Stock Purchase Plan.

2. Includes: i) 6,228 shares of Class A common stock that are not subject to vesting or transfer restrictions and ii) 52,696 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

Remarks:

	/s/ Robert L. Worshek	01/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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FAQ

What insider transaction did Townsquare Media (TSQ) report for Robert L. Worshek?

Robert L. Worshek, SVP and Chief Accounting Officer of Townsquare Media, Inc., reported acquiring 2,000 shares of Class A common stock on January 8, 2026 at a price of $4.63 per share.

How did the Townsquare Media (TSQ) insider acquire the new shares?

The 2,000 Class A shares were acquired under the terms of Townsquare Media’s 2021 Employee Stock Purchase Plan, as disclosed in the footnotes.

What is Robert L. Worshek’s total beneficial ownership in Townsquare Media (TSQ) after the transaction?

Following the reported transaction, Robert L. Worshek beneficially owns 58,924 Class A-related securities, held directly.

How is Robert L. Worshek’s Townsquare Media (TSQ) beneficial ownership structured?

His beneficial ownership includes 6,228 shares of Class A common stock that are not subject to vesting or transfer restrictions and 52,696 fully vested options to purchase Class A common stock that are not subject to transfer restrictions.

What is Robert L. Worshek’s role at Townsquare Media (TSQ)?

Robert L. Worshek is an officer of Townsquare Media, Inc., serving as SVP, Chief Accounting Officer, and he filed this report as a single reporting person.

Is the Townsquare Media (TSQ) insider transaction reported as direct or indirect ownership?

The filing shows the shares as held with direct (D) ownership, with no separate indirect ownership entity disclosed in the footnotes.