Townsquare Media: Capital Management reports 18.7% stake

The reported position includes sole voting power over 3,398,881 shares and sole dispositive power over 3,409,181 shares.

Rhea-AI Filing Summary

Townsquare Media, Inc. (TSQ) is the issuer named in Amendment No. 2 to a beneficial-ownership report by The Capital Management Corporation, which reports beneficial ownership of 3,409,181 common shares, or 18.7% of the class. The corporation reports sole voting power over 3,398,881 shares and sole dispositive power over 3,409,181 shares, with shared voting and dispositive power each reported as 0. Pamela C. Simms, the corporation’s compliance officer, signed the statement.

Key Figures

Beneficially owned: 3,409,181 shares Percent of class: 18.7% Sole voting power: 3,398,881 shares +3 more

6 metrics

Beneficially owned 3,409,181 shares Townsquare Media, Inc. common shares

Percent of class 18.7% Townsquare Media, Inc. common shares

Sole voting power 3,398,881 shares Townsquare Media, Inc. common shares

Sole dispositive power 3,409,181 shares Townsquare Media, Inc. common shares

Shared voting power 0 shares Townsquare Media, Inc. common shares

Shared dispositive power 0 shares Townsquare Media, Inc. common shares

Key Terms

beneficially owned, Sole power to vote, Sole power to dispose

3 terms

beneficially owned regulatory

"Amount beneficially owned: 3,409,181"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole power to vote regulatory

"Sole power to vote or to direct the vote: 3,398,881"

Sole power to dispose regulatory

"Sole power to dispose or to direct the disposition of: 3,409,181"

FAQ

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

How many TSQ shares does The Capital Management Corporation report beneficially owning?

The Capital Management Corporation reports beneficial ownership of 3,409,181 TSQ common shares, equal to 18.7% of the class.

What voting and disposition power does The Capital Management Corporation report over TSQ shares?

The corporation reports sole voting power over 3,398,881 shares and sole dispositive power over 3,409,181 shares. Shared voting and shared dispositive power are each reported as 0.

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

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Available on EDGAR 10/22/2026 - 04:36 PM EDT Accepted by SEC EDGAR 10/22/2026 - 04:35 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Townsquare Media, Inc.

(Name of Issuer)

Common

(Title of Class of Securities)

892231101

(CUSIP Number)

09/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 892231101

1

Names of Reporting Persons

The Capital Management Corporation

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

VIRGINIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,398,881.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,409,181.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,409,181.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

18.7 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Townsquare Media, Inc.
(b)	Address of issuer's principal executive offices: 4 Manhattanville Road, Suite 107, Purchase, NY 10577
Item 2.
(a)	Name of person filing: Pamela C. Simms, Compliance Officer The Capital Management Corporation
(b)	Address or principal business office or, if none, residence: 4101 Cox Road, Suite 110 Glen Allen, VA 23060
(c)	Citizenship: Virginia
(d)	Title of class of securities: Common
(e)	CUSIP No.: 892231101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3,409,181
(b)	Percent of class: 18.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3,398,881
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 3,409,181
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Capital Management Corporation

Signature:	Pamela C. Simms
Name/Title:	Compliance Officer
Date:	10/22/2026