Director David Lebow receives 24,030 Townsquare (NYSE: TSQ) shares

Rhea-AI Filing Summary

Townsquare Media director David Lebow received a grant of 24,030 shares of Class A common stock on January 14, 2026 at $5.41 per share. The shares are restricted stock awarded for his service on the company’s board of directors and will vest in full on the first anniversary of the grant.

After this award, he beneficially owns 129,920 shares of Class A common stock. This total includes 95,890 Class A shares that are fully vested and freely transferable, as well as 10,000 stock options to purchase Class A common stock that are fully vested and 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

OMB APPROVAL

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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^*

Lebow David

(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	129,920(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: i) 95,890 shares of Class A common stock that are not subject to vesting or transfer restrictions and ii) 10,000 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

Remarks:

	/s/ David Lebow	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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Townsquare Media (TSQ) report for David Lebow?

The company reported that director David Lebow received a grant of 24,030 shares of Townsquare Media Class A common stock on January 14, 2026 at $5.41 per share.

What type of shares did David Lebow receive from Townsquare Media (TSQ)?

David Lebow received a grant of restricted Class A common stock, awarded in respect of his services on the companys Board of Directors, with 100% of the shares vesting on the first anniversary of the grant.

How many Townsquare Media (TSQ) shares does David Lebow own after this transaction?

Following the grant, David Lebow beneficially owns 129,920 shares of Townsquare Media Class A common stock, according to the filing.

What portion of David Lebows Townsquare Media (TSQ) holdings are unrestricted?

His holdings include 95,890 shares of Class A common stock that are not subject to vesting or transfer restrictions, plus 10,000 fully vested options to purchase Class A common stock.

What is David Lebows role at Townsquare Media (TSQ)?

David Lebow is reported as a director of Townsquare Media, Inc., and the share grant was made in respect of his service on the companys Board of Directors.