Townsquare Media (TSQ) EVP Scott Schatz adds 2,000 Class A shares

Rhea-AI Filing Summary

Townsquare Media, Inc. executive Scott Schatz, EVP of Finance, Operations and Technology, reported acquiring additional shares of the company’s Class A common stock. On 01/08/2026, he acquired 2,000 Class A shares at $4.63 per share under the company’s 2021 Employee Stock Purchase Plan. Following this purchase, he beneficially owns 57,071 Class A shares, which include 37,071 shares without vesting or transfer restrictions and 20,000 fully vested options to purchase Class A shares. He also holds 196,846 Class B shares, consisting of 21,846 unrestricted Class B shares and 175,000 fully vested options to purchase Class B shares, all reported as directly owned.

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

OMB Number:			3235-0287
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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^*

Schatz Scott

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Finance Op and Tech

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	57,071(2)	D
Class B Common Stock								196,846(3)	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 37,071 shares of Class A common stock that are not subject to vesting or transfer restrictions and 20,000 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

3. Includes 21,846 shares of Class B common stock that are not subject to vesting or transfer restrictions and 175,000 options to purchase Class B common stock that are fully vested and not subject to transfer restrictions.

Remarks:

	/s/ Scott Schatz	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).
** 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 Scott Schatz?

EVP, Finance Op and Tech Scott Schatz reported acquiring 2,000 shares of Class A common stock of Townsquare Media, Inc. on 01/08/2026.

At what price did Scott Schatz acquire Townsquare Media (TSQ) shares?

Scott Schatz acquired the 2,000 Class A shares at a price of $4.63 per share under the company’s 2021 Employee Stock Purchase Plan.

How many Townsquare Media (TSQ) Class A shares does Scott Schatz now beneficially own?

After the reported transaction, Scott Schatz beneficially owns 57,071 Class A shares, including 37,071 unrestricted shares and 20,000 fully vested options to purchase Class A common stock.

What are Scott Schatz’s holdings of Townsquare Media (TSQ) Class B common stock?

Scott Schatz holds 196,846 Class B shares, made up of 21,846 unrestricted Class B shares and 175,000 fully vested options to purchase Class B common stock.

Was the Townsquare Media (TSQ) insider purchase made under an employee plan?

Yes. The 2,000 Class A shares reported for Scott Schatz were acquired under the terms of the company’s 2021 Employee Stock Purchase Plan, as noted in the footnotes.

Are Scott Schatz’s Townsquare Media (TSQ) holdings reported as directly or indirectly owned?

Both the Class A and Class B common stock positions reported for Scott Schatz are listed as directly owned (D), with no indirect ownership entities disclosed.