Schatz Scott 4

What Happened Scott Schatz, Executive Vice President, Finance, Operations & Technology at Townsquare Media (TSQ), acquired 943 shares on 2026-05-04 in an open market/private purchase reported as a purchase (code P). The shares were bought at $6.51 each for a total transaction value of approximately $6,139. The filing notes these shares were acquired through a dividend reinvestment.

Key Details

• Transaction date and type: 2026-05-04 — Purchase (P) via dividend reinvestment (footnote F1).
• Price and amount: 943 shares at $6.51 per share; total ≈ $6,139.
• Filing date: Form 4 filed 2026-05-06 (timely within the typical two-business-day window).
• Reported beneficial ownership (per filing footnotes): 38,994 Class A common shares and 21,846 Class B common shares that are free of transfer/vesting restrictions.
• Vested options reported: 30,000 options to purchase Class A common stock and 175,000 options to purchase Class B common stock (fully vested, not subject to transfer restrictions) (footnotes F2, F3).

Context A dividend reinvestment means dividends were automatically used to buy additional shares rather than paid in cash; these transactions are typically routine and smaller in size. The filing also shows sizable existing holdings and fully vested options for Schatz, which are disclosed separately from this small reinvestment purchase. This purchase is factual disclosure of an insider acquiring a small block of stock and does not, on its own, indicate broader company outlook.