Hellum Erik 4

What Happened Erik Hellum, Chief Operating Officer of Townsquare Media (TSQ), sold 20,106 shares on 2026-02-18 at $6.58 per share for aggregate proceeds of $132,297. The filing indicates the sale was to cover tax withholding obligations following the vesting of previously granted restricted stock units, so this appears to be a routine tax-withholding sale rather than a discretionary divestiture.

Key Details

• Transaction date and price: 2026-02-18 at $6.58 per share; proceeds $132,297.
• Filing date: Form 4 filed 2026-02-20 reporting the 2/18 transaction (within the typical two-business-day reporting window).
• Shares owned after transaction (per filing footnote): includes 158,615 Class A shares not subject to restrictions; 388,733 restricted stock units (RSUs); and 402,194 fully vested options to purchase Class A shares.
• Footnotes: F1 — shares sold to cover tax withholding following RSU vesting; F2 — details of post-transaction holdings (shares, RSUs, vested options).
• Transaction code: S (sale); related cashless/tax-withholding disposition noted.

Context Sales to cover tax withholding after RSU vesting are common and typically routine; they do not necessarily reflect the insider’s view of the company’s prospects. Hellum still holds substantial equity and derivative positions (RSUs and vested options) in Townsquare Media per the filing.