Townsquare Media, Inc. — Director's Dealing 2022

Oct 13, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Townsquare Media, Inc. (TSQ)
CIK: 0001499832
Period of Report: 2022-10-07

Reporting Person: Hellum Erik (COO, Local Media)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-10-07	Option to Purchase Class A Common Stock	$7.59	A	121235	Acquired	2032-10-07	Class A Common Stock (121235.0)	Direct
2022-10-07	Option to Purchase Class A Common Stock	$7.59	A	103627	Acquired	2032-10-07	Class A Common Stock (103627.0)	Direct

Footnotes

F1: The Reporting Person's options reported in this row will vest and become exercisable subject to the achievement of a specified volume weighted average trading price ("VWAP") over a period of 20 consecutive trading days, in each case subject to the achievement of such VWAP during the period beginning on the Grant Date and ending on the fifth anniversary of the Grant Date, and the Reporting Person's continued service through each vesting date. Subject to the foregoing conditions, achievement of a VWAP of $9.59, $11.59, $13.59, $15.59 and $17.59, will result in the vesting of 24,615, 23,952, 23,881, 24,096 and 24,691 options, respectively.

F2: The Reporting Person's options reported in this row will vest and become exercisable as to 33 1/3% on each of the first, second and third anniversaries of the Grant Date, subject to the Reporting Person's continued service through the applicable vesting date.