Townsquare Media (TSQ) director awarded 24,030 restricted shares

Rhea-AI Filing Summary

Townsquare Media director Gary Ginsberg reported an equity award of Class A common stock. On January 14, 2026, he received 24,030 shares of restricted Class A common stock at a reference price of $5.41 per share for his service on the company’s board of directors. This restricted stock award vests in full on the first anniversary of the grant.

Following this grant, Ginsberg beneficially owns 129,938 shares of Class A common stock, including 95,908 shares that are fully unrestricted and 10,000 stock options that are fully vested and not subject to transfer restrictions. All reported holdings are listed as directly owned.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider GINSBERG GARY L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	24,030	$5.41	$130K

Holdings After Transaction: Class A Common Stock — 129,938 shares (Direct)

Footnotes (1)

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. Includes: i) 95,908 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.

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Form 4 Insider Transactions: What Each Field Means →

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^*

GINSBERG GARY L

(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	129,938(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) 95,908 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/ Gary Ginsberg	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) director Gary Ginsberg report?

Director Gary Ginsberg reported receiving an award of 24,030 shares of restricted Class A common stock of Townsquare Media on January 14, 2026.

What was the price used for Gary Ginsberg’s Townsquare Media (TSQ) stock grant?

The reported grant of 24,030 restricted shares of Townsquare Media Class A common stock used a reference price of $5.41 per share.

How does this Form 4 affect Gary Ginsberg’s total Townsquare Media (TSQ) holdings?

After the reported grant, Gary Ginsberg beneficially owns 129,938 shares of Townsquare Media Class A common stock, held directly.

When do Gary Ginsberg’s restricted Townsquare Media (TSQ) shares vest?

The 24,030 restricted shares granted to Gary Ginsberg vest with respect to 100% of the shares on the first anniversary of the grant.

What portion of Gary Ginsberg’s Townsquare Media (TSQ) shares are unrestricted?

Gary Ginsberg’s holdings include 95,908 shares of Class A common stock that are not subject to vesting or transfer restrictions.

Does Gary Ginsberg hold any Townsquare Media (TSQ) stock options?

Yes. His holdings include 10,000 options to purchase Class A common stock, which are fully vested and not subject to transfer restrictions.