Schatz Scott 4
4 · Townsquare Media, Inc. · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Townsquare Media EVP Scott Schatz Receives Award, Sells Shares
What Happened
Scott Schatz, EVP, Finance Operations & Technology at Townsquare Media (TSQ), received an immediate stock award of 84,906 shares (reported as an acquisition) valued at $5.83/share ($495,002). The next day he sold 28,980 shares in open-market transactions at a weighted average price of $5.08/share, for total proceeds of $147,218. The award vested immediately (footnote F1), so the grant increased his share position even after the sale.
Key Details
- Transactions: 2026-03-18 — Award (A) 84,906 shares @ $5.83 = $495,002; 2026-03-19 — Sale (S) 28,980 shares @ weighted avg $5.08 = $147,218.
- Sale price range: shares sold in multiple trades at $5.00–$5.26; reported weighted avg $5.08 (footnote F2).
- Shares owned after transactions (per footnotes): approximately 149,903 Class A shares (93,977 previously unrestricted + 84,906 award − 28,980 sale). Also holds 21,846 Class B shares, 30,000 vested Class A options, and 175,000 vested Class B options (footnotes F3–F4).
- Filing: Form 4 filed 2026-03-20 reporting transactions on 2026-03-18 and 2026-03-19 — appears timely.
- Footnotes: F1 (award vested immediately), F2 (weighted average sale price; detailed per-trade prices available on request), F3–F4 list unrestricted shares and vested options.
Context
This filing shows both an immediate stock award (an acquisition) and a subsequent open-market sale of a portion of those shares. Awards that vest immediately increase an insider’s holdings; routine sales shortly after awards are common for liquidity or diversification and do not by themselves indicate company outlook. The filing discloses vested options and unrestricted shares separately; no indication of a 10b5-1 plan or gifting is provided.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-03-18$5.83/sh+84,906$495,002→ 152,957 total - Sale
Class A Common Stock
[F2][F3]2026-03-19$5.08/sh−28,980$147,218→ 123,977 total
- 196,846
Class B Common Stock
[F4]
Footnotes (4)
- [F1]The shares reported herein represent a grant of a stock award, which vests immediately.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.00 to $5.26 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.
- [F3]Includes 93,977 shares of Class A common stock that are not subject to vesting or transfer restrictions and 30,000 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.
- [F4]Includes 21,846 shares of Class B common stock that are not subject to vesting or transfer restrictions and 175,000 options to purchase Class B common stock that are fully vested and not subject to transfer restrictions.