[Form 4] Townsquare Media, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Townsquare Media director B. James Ford received a grant of 24,030 shares of Class A common stock on January 14, 2026. This award was granted as restricted stock for his service on the company’s Board of Directors. The restricted shares are scheduled to vest in full on the first anniversary of the grant, meaning all 24,030 shares vest at the same time rather than gradually.

After this grant, Ford beneficially owns 103,790 shares of Townsquare Media Class A common stock in total. That amount includes 79,760 shares that are already fully vested and not subject to vesting or transfer restrictions, with the balance tied to this new restricted stock award.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ford B James

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 — 103,790 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 79,760 shares of Class A common stock that are not subject to vesting or transfer restrictions.

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
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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^*

Ford B James

(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	103,790(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 79,760 shares of Class A common stock that are not subject to vesting or transfer restrictions.

Remarks:

	/s/ B. James Ford	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) disclose for B. James Ford?

Townsquare Media disclosed that director B. James Ford received a grant of 24,030 shares of Class A common stock as restricted stock on January 14, 2026 in respect of his services on the company’s Board of Directors.

How many Townsquare Media shares does B. James Ford hold after this grant?

Following the reported transaction, B. James Ford beneficially owns 103,790 shares of Townsquare Media Class A common stock. This total includes 79,760 shares that are not subject to vesting or transfer restrictions.

What are the vesting terms of the 24,030 restricted Townsquare Media shares?

The 24,030 restricted shares of Townsquare Media Class A common stock granted to B. James Ford vest with respect to 100% of the shares on the first anniversary of the grant, according to the disclosure.

Is B. James Ford a director, officer, or major shareholder of Townsquare Media?

B. James Ford is identified as a director of Townsquare Media. He is not listed as an officer and is not identified as a 10% owner in the disclosure.

Was the Townsquare Media transaction reported as a direct or indirect holding for B. James Ford?

The filing shows that the securities are held under direct ownership by B. James Ford, as indicated by the ownership form marked “D” in the non-derivative securities table.

At what price was the new Townsquare Media stock grant valued in the Form 4?

The 24,030 shares of Townsquare Media Class A common stock were reported with a price of $5.41 per share in the transaction table for the January 14, 2026 grant.