Schatz Scott 4

What Happened

• Scott Schatz, EVP, Finance Op and Tech at Townsquare Media (TSQ), acquired 2,000 shares on July 16, 2026 under the company's 2021 Employee Stock Purchase Plan. The shares were acquired at $4.57 per share for a total value of $9,140. This was an acquisition (award/purchase) rather than a sale.

Key Details

• Transaction date and price: 2026-07-16; 2,000 shares @ $4.57 each (total $9,140).
• Source: Shares were acquired under the 2021 Employee Stock Purchase Plan (ESPP) — filing notes this as an acquisition under plan terms.
• Holdings after transaction: Reported holdings include 42,994 Class A shares not subject to restrictions (40,994 prior + 2,000 acquired), 21,846 Class B shares not subject to restrictions, and fully vested options of 30,000 (Class A) and 175,000 (Class B).
• Filing timeliness: Form 4 filed 2026-07-20 for a 2026-07-16 transaction — filed within the standard two-business-day window (timely).

Context

• ESPP purchases are routine employee acquisitions under a company plan and do not by themselves indicate insider sentiment about near-term stock moves. This was a direct plan acquisition (transaction code A), not an option exercise or a sale.