At what prices were the TSQ insider share sales executed?

The reported prices are weighted averages around the disclosed ranges. One sale averaged $6.05 with trades from $6.03–$6.26, another averaged $6.04 with $6.03–$6.10, and the last averaged $6.09 with $6.03–$6.15, all in multiple transactions.

Townsquare Media (TSQ) EVP sells 53,151 shares, holds 222,946

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Townsquare Media, Inc. executive Claire Marie Yenicay, EVP of Investor Relations and Corporate Communications, reported a mix of stock grant and open-market sales of Class A Common Stock. On May 18, she received a stock award of 53,151 shares that vested immediately at a weighted average price of $6.03 per share.

She then sold 53,151 shares in three open-market transactions: 17,717 shares on May 18 at a weighted average of $6.05, 15,718 shares on May 19 at $6.04, and 19,716 shares on May 20 at $6.09, with each sale executed across multiple trades within disclosed price ranges. After these transactions, she directly holds 222,946 shares of Class A Common Stock, and a footnote states she also holds 205,000 options to purchase Class A Common Stock that are fully vested and unrestricted.

Insider Trade Summary

Net Seller: 53,151 shares ($322,195)

Net Sell 4 txns

Insider Yenicay Claire Marie

Role EVP, Inv Rel and Corp Comm

Sold 53,151 shs ($322K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	19,716	$6.09	$120K
Sale	Class A Common Stock	15,718	$6.04	$95K
Grant/Award	Class A Common Stock	53,151	$6.03	$321K
Sale	Class A Common Stock	17,717	$6.05	$107K

Holdings After Transaction: Class A Common Stock — 222,946 shares (Direct, null)

Footnotes (1)

The shares reported herein represent a grant of a stock award, which vests immediately. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.03 to $6.15. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.03 to $6.10. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.03 to $6.26. 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. Includes: i) 17,946 shares of Class A common stock that are not subject to vesting or transfer restrictions and ii) 205,000 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

Key Figures

Stock award received: 53,151 shares at $6.03 Total shares sold: 53,151 shares Sale on May 18: 17,717 shares at $6.05 +5 more

8 metrics

Stock award received 53,151 shares at $6.03 Class A Common Stock award on May 18 that vests immediately

Total shares sold 53,151 shares Open-market sales on May 18, 19, and 20

Sale on May 18 17,717 shares at $6.05 Weighted average price with trades from $6.03–$6.26

Sale on May 19 15,718 shares at $6.04 Weighted average price with trades from $6.03–$6.10

Sale on May 20 19,716 shares at $6.09 Weighted average price with trades from $6.03–$6.15

Shares held after transactions 222,946 shares Direct Class A Common holdings following reported trades

Fully vested options 205,000 options Options to purchase Class A Common Stock, fully vested

Unrestricted shares noted in footnote 17,946 shares Class A shares not subject to vesting or transfer restrictions

Key Terms

Class A Common Stock, weighted average price, stock award, options to purchase Class A common stock, +1 more

5 terms

Class A Common Stock financial

"reported a mix of stock grant and open-market sales of Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

weighted average price financial

"The price reported ... is a weighted average price. These shares were sold in multiple transactions"

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.

stock award financial

"The shares reported herein represent a grant of a stock award, which vests immediately."

options to purchase Class A common stock financial

"205,000 options to purchase Class A common stock that are fully vested"

fully vested financial

"205,000 options to purchase Class A common stock that are fully vested"

Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 04:18 PM

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^*

Yenicay Claire Marie

(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)
	EVP, Inv Rel and Corp Comm

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/18/2026		A		53,151	A⁽¹⁾	$6.03	276,097	D
Class A Common Stock	05/18/2026		S		17,717	D	$6.05⁽²⁾	258,380	D
Class A Common Stock	05/19/2026		S		15,718	D	$6.04⁽³⁾	242,662	D
Class A Common Stock	05/20/2026		S		19,716	D	$6.09⁽⁴⁾	222,946⁽⁵⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The shares reported herein represent a grant of a stock award, which vests immediately.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.03 to $6.15. 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.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.03 to $6.10. 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.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.03 to $6.26. 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.

5. Includes: i) 17,946 shares of Class A common stock that are not subject to vesting or transfer restrictions and ii) 205,000 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

Remarks:

	/s/ Claire Yenicay	05/20/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did TSQ executive Claire Marie Yenicay report?

Claire Marie Yenicay reported a stock award and subsequent open-market sales. She received 53,151 Class A shares that vested immediately, then sold 53,151 shares across three days at weighted average prices around $6.03–$6.09 per share.

How many Townsquare Media (TSQ) shares did the EVP sell?

She sold a total of 53,151 Class A Common shares. The sales occurred in three open-market transactions on May 18, 19, and 20, at weighted average prices between $6.03 and $6.15 per share, executed in multiple trades.

What stock award did the TSQ executive receive in this Form 4?

She received a stock award of 53,151 Class A Common shares. A footnote states the award vests immediately, and the reported price of $6.03 per share reflects a weighted average for the grant shown in the filing.

How many Townsquare Media (TSQ) shares does Claire Marie Yenicay hold after the trades?

After the reported transactions, she directly holds 222,946 Class A Common shares. A separate footnote also notes ownership of 205,000 fully vested stock options that are not subject to transfer restrictions, in addition to those shares.

Does the TSQ Form 4 mention any stock options held by the executive?

Yes. A footnote states she holds 205,000 options to purchase Class A Common Stock. These options are fully vested and not subject to transfer restrictions, in addition to 17,946 unrestricted Class A shares referenced in the same footnote.