Townsquare Media COO sells 35,000 TSQ shares

Townsquare Media, Inc. COO Erik Hellum sold 35,000 shares of Class A Common Stock in an open-market transaction on June 9, 2026 at a weighted average price of $6.44 per share, with individual trade prices ranging from $6.34 to $6.56.

Rhea-AI Filing Summary

Townsquare Media, Inc. COO Erik Hellum sold 35,000 shares of Class A Common Stock in an open-market transaction on June 9, 2026 at a weighted average price of $6.44 per share, with individual trade prices ranging from $6.34 to $6.56.

After the sale, Hellum beneficially owns 914,542 equity-linked interests, including 123,615 Class A shares without vesting or transfer restrictions, 388,733 restricted stock units, and 402,194 fully vested stock options. The sale represents a small portion of his overall position.

Insider Trade Summary

Net Seller: 35,000 shares

Net Sell 1 txn

Insider Hellum Erik

Role COO

Sold 35,000 shs ($225K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	35,000	$6.44	$225K

Holdings After Transaction: Class A Common Stock — 914,542 shares (Direct)

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.34 to $6.56. The Reporting Person undertakes, upon request by the Staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
2. F2. Includes: i) 123,615 shares of Class A common stock that are not subject to vesting or transfer restrictions; ii) 388,733 restricted stock units, and iii) 402,194 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

Key Figures

Shares sold: 35,000 shares Weighted average sale price: $6.44 per share Total interests after transaction: 914,542 equity-linked interests +3 more

6 metrics

Shares sold 35,000 shares Class A Common Stock sold on June 9, 2026

Weighted average sale price $6.44 per share Open-market sale, trades from $6.34 to $6.56

Total interests after transaction 914,542 equity-linked interests Beneficial ownership following June 9, 2026 sale

Unrestricted Class A shares 123,615 shares Not subject to vesting or transfer restrictions

Restricted stock units 388,733 RSUs Part of COO’s equity compensation

Vested stock options 402,194 options Fully vested, to purchase Class A common stock

Key Terms

weighted average price, restricted stock units, options to purchase Class A common stock, open-market sale

4 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

restricted stock units financial

"Includes: i) 123,615 shares of Class A common stock ... ii) 388,733 restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

options to purchase Class A common stock financial

"iii) 402,194 options to purchase Class A common stock that are fully vested"

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Townsquare Media (TSQ) report for Erik Hellum?

Townsquare Media reported that COO Erik Hellum sold 35,000 shares of Class A Common Stock in an open-market transaction on June 9, 2026, at a weighted average price of $6.44 per share, according to a Form 4 insider trading disclosure.

At what prices did Erik Hellum sell Townsquare Media (TSQ) shares?

Erik Hellum’s 35,000 Townsquare Media shares were sold at a weighted average price of $6.44 per share. The Form 4 notes multiple trades occurred within a price range from $6.34 to $6.56 per share during the June 9, 2026 transaction.

How many Townsquare Media (TSQ) shares does Erik Hellum hold after the sale?

Following the sale, Erik Hellum beneficially owns 914,542 equity-linked interests. These include 123,615 unrestricted Class A shares, 388,733 restricted stock units, and 402,194 fully vested stock options to purchase Class A common stock, as disclosed in the Form 4 footnote.

What type of insider transaction did Townsquare Media (TSQ) disclose for its COO?

The filing shows an open-market sale by COO Erik Hellum. He sold 35,000 shares of Townsquare Media Class A Common Stock on June 9, 2026, under transaction code “S,” which represents a sale in an open-market or private transaction under SEC rules.

How significant is Erik Hellum’s 35,000-share sale relative to his Townsquare Media (TSQ) holdings?

The 35,000-share sale represents a relatively small portion of Erik Hellum’s reported 914,542 total equity-linked interests. He retains substantial exposure through unrestricted shares, a large block of restricted stock units, and fully vested options to purchase additional Class A common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/11/2026 - 04:11 PM Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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^*

Hellum Erik

(Last) (First) (Middle)

C/O TOWNSQUARE MEDIA, INC.

4 MANHATTANVILLE ROAD, SUITE 107

(Street)

PURCHASE NEW YORK 10577

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	COO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026

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

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

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

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	06/09/2026		S		35,000	D	$6.44(1)	914,542(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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.34 to $6.56. The Reporting Person undertakes, upon request by the Staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.

2. Includes: i) 123,615 shares of Class A common stock that are not subject to vesting or transfer restrictions; ii) 388,733 restricted stock units, and iii) 402,194 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

Remarks:

	/s/ Erik Hellum	06/11/2026
	** 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.
* Form 4: SEC 1474 (03-26)