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.