Hellum Erik 4
4 · Townsquare Media, Inc. · Filed Jun 11, 2026
Research Summary
AI-generated summary of this filing
Townsquare Media COO Erik Hellum Sells 35,000 Shares
What Happened
Erik Hellum, Chief Operating Officer of Townsquare Media (TSQ), sold 35,000 shares of the company's Class A stock in open-market transactions on June 9, 2026. The shares were disposed for a total of approximately $225,400 at a weighted-average price of $6.44 per share (individual trade prices ranged from $6.34 to $6.56).
Key Details
- Transaction type: Sale (open market), code S.
- Transaction date: 2026-06-09; Form 4 filed 2026-06-11 (appears timely under the two-business-day rule).
- Price: Weighted average $6.44; per-footnote prices ranged $6.34–$6.56. Footnote F1: Reporting person can provide the breakdown of shares sold at each separate price upon request by the SEC, issuer, or a security holder.
- Proceeds: ≈ $225,400.
- Shares owned after transaction: Not explicitly stated on the face of the Form 4; footnote F2 details beneficial holdings that include 123,615 unrestricted Class A shares, 388,733 restricted stock units (RSUs), and 402,194 fully vested options.
- No 10b5-1 plan, tax-withholding sale, or other special sale code is indicated in the filing.
Context
This was an open-market sale, which provides liquidity to the insider but does not by itself indicate a change in the company’s prospects. Footnote F2 clarifies the insider’s broader equity exposure (shares, RSUs, vested options), and F1 explains the reported price is a weighted average across multiple trades.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-06-09$6.44/sh−35,000$225,400→ 914,542 total
Footnotes (2)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.34 to $6.56. The Reporting Person undertakes, upon request by the Staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
- [F2]Includes: i) 123,615 shares of Class A common stock that are not subject to vesting or transfer restrictions; ii) 388,733 restricted stock units, and iii) 402,194 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.