Schatz Scott 4

What Happened
Scott Schatz, EVP Finance, Operations & Technology at Townsquare Media (TSQ), acquired 980 shares on February 2, 2026 at an average price of $6.61 per share, for a total value of about $6,478. The filing classifies the transaction as a purchase (code P) and the shares were acquired through a dividend reinvestment transaction.

Key Details

• Transaction date and price: 2026-02-02; 980 shares at $6.61 each (total ~$6,478).
• Shares owned after transaction: the filing does not state a single post-transaction total. It reports beneficial holdings that include 38,051 Class A shares and 21,846 Class B shares.
• Options reported: 20,000 options to purchase Class A common stock (fully vested) and 175,000 options to purchase Class B common stock (fully vested).
• Notable footnote: F1 confirms the shares were acquired via dividend reinvestment. F2/F3 describe existing share and option holdings.
• Filing timeliness: No late filing indicated.

Context
Because this was a dividend reinvestment, the purchase reflects automatic reinvestment of dividends rather than a separate open-market trade; such transactions are routine and do not necessarily signal a change in an insider’s view. The reported options are fully vested and not subject to transfer restrictions, meaning they are exercisable but were not exercised as part of this transaction.