April 4, 2024 · Form 4 insider transaction
PRICE STEVEN bought 1,565,681 shares of Townsquare Media, Inc. at $8.74 per share, a transaction worth $13.68M. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 4 days after the transaction.
The Options to Purchase Class A Common Stock reported in Table II were expiring shortly, and were exercised for cash as a "deemed" issuance of shares by the Issuer, followed by an immediate "deemed" reacquisition of such shares by the Issuer for fair market value. No Common Stock was actually issued in connection with this exercise.