Townsquare (NYSE: TSQ) director awarded 24,030 restricted shares

Rhea-AI Filing Summary

Townsquare Media, Inc. director Stephen A. Kaplan reported an equity award of Class A common stock. On 01/14/2026 he received a grant of 24,030 shares of restricted stock at a stated price of $5.41 per share in respect of his services on the company’s Board of Directors. The award is scheduled to vest in full on the first anniversary of the grant, meaning all 24,030 shares are expected to vest at once if conditions are met. Following this grant, Kaplan beneficially owned 232,648 Class A shares, including 208,618 shares that are not subject to vesting or 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^*

KAPLAN STEPHEN A

(Last) (First) (Middle)

C/O TOWNSQUARE MEDIA INC.

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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/14/2026

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(1)	01/14/2026		A		24,030	A	$5.41	232,648(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 a grant of restricted stock made to the Reporting Person in respect of his services on the Company's Board of Directors. This award of restricted stock vests with respect to 100% of the shares on the first anniversary of the grant.

2. Includes 208,618 shares of Class A common stock that are not subject to vesting or transfer restrictions.

Remarks:

	/s/ Stephen A. Kaplan	01/16/2026
	** 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did Townsquare Media (TSQ) report for Stephen A. Kaplan?

The filing reports that director Stephen A. Kaplan received a grant of 24,030 shares of Townsquare Media Class A common stock as restricted stock in respect of his Board service.

What type of shares did Stephen A. Kaplan receive in the latest TSQ Form 4?

He received restricted stock in the form of 24,030 Class A common shares, which are subject to vesting and transfer restrictions until they vest.

When do Stephen A. Kaplan’s new Townsquare restricted shares vest?

The award vests with respect to 100% of the 24,030 restricted shares on the first anniversary of the grant, as disclosed in the footnotes.

What price per share is shown for Stephen A. Kaplan’s Townsquare grant?

The Form 4 lists a price of $5.41 per share for the 24,030 Class A common shares awarded to Stephen A. Kaplan.

How many Townsquare Media shares does Stephen A. Kaplan own after this transaction?

After the reported grant, Stephen A. Kaplan beneficially owned 232,648 shares of Townsquare Class A common stock, including 208,618 shares that are not subject to vesting or transfer restrictions.

Is Stephen A. Kaplan a director or officer of Townsquare Media?

He is identified as a director of Townsquare Media, Inc. and is not marked as an officer or 10% owner in the filing.