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STOCK TITAN

[Form 4] TOWNSQUARE MEDIA, INC. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Form 4 shows KLA Corp. (KLAC) EVP & CFO Bren D. Higgins settling tax withholdings triggered by scheduled RSU vesting, not an open-market trade. Two Code “F� transactions were reported:

  • 08/03/25: 722.381 shares withheld at $886.64 after 25 % of a 5,828-unit 2023 RSU grant vested.
  • 08/04/25: 738.743 shares withheld at the same price following 25 % vesting of a 5,961-unit 2022 RSU grant.

Post-withholding, Higgins directly owns 23,182.006 KLAC shares, including 13,213.912 unvested RSUs. Because Code “F� indicates share retention for taxes, the filing is routine and signals no directional change in insider sentiment or corporate outlook.

Il modulo 4 mostra che Bren D. Higgins, EVP e CFO di KLA Corp. (KLAC), ha regolato le ritenute fiscali derivanti dal vesting programmato delle RSU, non da una vendita sul mercato aperto. Sono state segnalate due transazioni con Codice “F�:

  • 03/08/25: 722,381 azioni trattenute a $886,64 dopo il vesting del 25% di un grant RSU 2023 da 5.828 unità.
  • 04/08/25: 738,743 azioni trattenute allo stesso prezzo a seguito del vesting del 25% di un grant RSU 2022 da 5.961 unità.

Dopo le ritenute, Higgins possiede direttamente 23.182,006 azioni KLAC, incluse 13.213,912 RSU non ancora vestite. Poiché il Codice “F� indica la trattenuta delle azioni per tasse, la segnalazione è di routine e non indica alcun cambiamento nella direzione del sentimento interno o delle prospettive aziendali.

El Formulario 4 muestra que Bren D. Higgins, EVP y CFO de KLA Corp. (KLAC), ajustó las retenciones fiscales derivadas del vesting programado de RSU, no de una operación en el mercado abierto. Se reportaron dos transacciones con Código “F�:

  • 03/08/25: 722,381 acciones retenidas a $886.64 tras el vesting del 25% de una concesión RSU 2023 de 5,828 unidades.
  • 04/08/25: 738,743 acciones retenidas al mismo precio tras el vesting del 25% de una concesión RSU 2022 de 5,961 unidades.

Después de las retenciones, Higgins posee directamente 23,182.006 acciones de KLAC, incluyendo 13,213.912 RSU no adquiridas aún. Debido a que el Código “F� indica retención de acciones para impuestos, el informe es rutinario y no señala ningún cambio en la dirección del sentimiento interno ni en las perspectivas corporativas.

Form 4� KLA Corp. (KLAC)� EVP � CFO� Bren D. Higgins가 예정� RSU 베스팅으� 인해 발생� 세금 원천징수� 정산했음� 보여주며, 이는 공개 시장 거래가 아닙니다. � 건의 코드 “F� 거래가 보고되었습니�:

  • 25� 08� 03�: 2023� RSU 5,828단위 � 25%가 베스팅된 � 주당 $886.64� 722.381주가 원천징수�.
  • 25� 08� 04�: 2022� RSU 5,961단위 � 25% 베스� � 동일 가격에 738.743� 원천징수.

원천징수 � Higgins� 23,182.006주의 KLAC 주식� 직접 보유하고 있으�, � � 13,213.912주는 아직 베스팅되지 않은 RSU입니�. 코드 “F”는 세금 납부� 위한 주식 보유� 의미하므�, 이번 신고� 일상적인 절차이며 내부� 심리� 기업 전망� 방향� 변화를 나타내지 않습니다.

Le formulaire 4 montre que Bren D. Higgins, EVP et CFO de KLA Corp. (KLAC), a réglé les retenues fiscales déclenchées par le vesting programmé des RSU, et non par une transaction sur le marché libre. Deux transactions avec le code « F » ont été rapportées :

  • 03/08/25 : 722,381 actions retenues à 886,64 $ après le vesting de 25 % d’une attribution RSU 2023 de 5 828 unités.
  • 04/08/25 : 738,743 actions retenues au même prix suite au vesting de 25 % d’une attribution RSU 2022 de 5 961 unités.

Après retenue, Higgins détient directement 23 182,006 actions KLAC, dont 13 213,912 RSU non acquises. Étant donné que le code « F » indique une conservation des actions pour le paiement des impôts, ce dépôt est de routine et ne signale aucun changement dans la tendance des initiés ni dans les perspectives de l’entreprise.

Formular 4 zeigt, dass Bren D. Higgins, EVP & CFO von KLA Corp. (KLAC), Steuerabzüge aufgrund der planmäßigen RSU-Vesting beglichen hat, nicht durch einen Handel am offenen Markt. Zwei Transaktionen mit Code „F� wurden gemeldet:

  • 03.08.25: 722,381 Aktien wurden zu $886,64 einbehalten, nachdem 25 % eines RSU-Grants 2023 mit 5.828 Einheiten vesteten.
  • 04.08.25: 738,743 Aktien wurden zum gleichen Preis einbehalten nach 25 % Vesting eines RSU-Grants 2022 mit 5.961 Einheiten.

Nach den Einbehalten besitzt Higgins direkt 23.182,006 KLAC-Aktien, darunter 13.213,912 nicht vestete RSUs. Da Code „F� auf die Zurückhaltung von Aktien für Steuern hinweist, ist die Meldung routinemäßig und signalisiert keine Richtungsänderung im Insider-Sentiment oder der Unternehmensperspektive.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine tax-withholding; no bullish or bearish signal.

These Code “F� dispositions reflect automatic share surrender to cover taxes on vested RSUs. Higgins retains a sizable holding (� 23 k shares), so equity exposure remains intact. No open-market selling or buying occurred, limiting market relevance. Neutral for valuation or sentiment models.

TL;DR: Standard Section 16 compliance; administrative.

The filing complies with Section 16(a) and Rule 10b5-1(c) disclosure standards. Transactions are plan-based, avoiding potential optics of opportunistic trading. No governance red flags emerge.

Il modulo 4 mostra che Bren D. Higgins, EVP e CFO di KLA Corp. (KLAC), ha regolato le ritenute fiscali derivanti dal vesting programmato delle RSU, non da una vendita sul mercato aperto. Sono state segnalate due transazioni con Codice “F�:

  • 03/08/25: 722,381 azioni trattenute a $886,64 dopo il vesting del 25% di un grant RSU 2023 da 5.828 unità.
  • 04/08/25: 738,743 azioni trattenute allo stesso prezzo a seguito del vesting del 25% di un grant RSU 2022 da 5.961 unità.

Dopo le ritenute, Higgins possiede direttamente 23.182,006 azioni KLAC, incluse 13.213,912 RSU non ancora vestite. Poiché il Codice “F� indica la trattenuta delle azioni per tasse, la segnalazione è di routine e non indica alcun cambiamento nella direzione del sentimento interno o delle prospettive aziendali.

El Formulario 4 muestra que Bren D. Higgins, EVP y CFO de KLA Corp. (KLAC), ajustó las retenciones fiscales derivadas del vesting programado de RSU, no de una operación en el mercado abierto. Se reportaron dos transacciones con Código “F�:

  • 03/08/25: 722,381 acciones retenidas a $886.64 tras el vesting del 25% de una concesión RSU 2023 de 5,828 unidades.
  • 04/08/25: 738,743 acciones retenidas al mismo precio tras el vesting del 25% de una concesión RSU 2022 de 5,961 unidades.

Después de las retenciones, Higgins posee directamente 23,182.006 acciones de KLAC, incluyendo 13,213.912 RSU no adquiridas aún. Debido a que el Código “F� indica retención de acciones para impuestos, el informe es rutinario y no señala ningún cambio en la dirección del sentimiento interno ni en las perspectivas corporativas.

Form 4� KLA Corp. (KLAC)� EVP � CFO� Bren D. Higgins가 예정� RSU 베스팅으� 인해 발생� 세금 원천징수� 정산했음� 보여주며, 이는 공개 시장 거래가 아닙니다. � 건의 코드 “F� 거래가 보고되었습니�:

  • 25� 08� 03�: 2023� RSU 5,828단위 � 25%가 베스팅된 � 주당 $886.64� 722.381주가 원천징수�.
  • 25� 08� 04�: 2022� RSU 5,961단위 � 25% 베스� � 동일 가격에 738.743� 원천징수.

원천징수 � Higgins� 23,182.006주의 KLAC 주식� 직접 보유하고 있으�, � � 13,213.912주는 아직 베스팅되지 않은 RSU입니�. 코드 “F”는 세금 납부� 위한 주식 보유� 의미하므�, 이번 신고� 일상적인 절차이며 내부� 심리� 기업 전망� 방향� 변화를 나타내지 않습니다.

Le formulaire 4 montre que Bren D. Higgins, EVP et CFO de KLA Corp. (KLAC), a réglé les retenues fiscales déclenchées par le vesting programmé des RSU, et non par une transaction sur le marché libre. Deux transactions avec le code « F » ont été rapportées :

  • 03/08/25 : 722,381 actions retenues à 886,64 $ après le vesting de 25 % d’une attribution RSU 2023 de 5 828 unités.
  • 04/08/25 : 738,743 actions retenues au même prix suite au vesting de 25 % d’une attribution RSU 2022 de 5 961 unités.

Après retenue, Higgins détient directement 23 182,006 actions KLAC, dont 13 213,912 RSU non acquises. Étant donné que le code « F » indique une conservation des actions pour le paiement des impôts, ce dépôt est de routine et ne signale aucun changement dans la tendance des initiés ni dans les perspectives de l’entreprise.

Formular 4 zeigt, dass Bren D. Higgins, EVP & CFO von KLA Corp. (KLAC), Steuerabzüge aufgrund der planmäßigen RSU-Vesting beglichen hat, nicht durch einen Handel am offenen Markt. Zwei Transaktionen mit Code „F� wurden gemeldet:

  • 03.08.25: 722,381 Aktien wurden zu $886,64 einbehalten, nachdem 25 % eines RSU-Grants 2023 mit 5.828 Einheiten vesteten.
  • 04.08.25: 738,743 Aktien wurden zum gleichen Preis einbehalten nach 25 % Vesting eines RSU-Grants 2022 mit 5.961 Einheiten.

Nach den Einbehalten besitzt Higgins direkt 23.182,006 KLAC-Aktien, darunter 13.213,912 nicht vestete RSUs. Da Code „F� auf die Zurückhaltung von Aktien für Steuern hinweist, ist die Meldung routinemäßig und signalisiert keine Richtungsänderung im Insider-Sentiment oder der Unternehmensperspektive.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Schatz Scott

(Last) (First) (Middle)
C/O TOWNSQUARE MEDIA, INC.
ONE MANHATTANVILLE ROAD SUITE 202

(Street)
PURCHASE NY 10577

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Townsquare Media, Inc. [ TSQ ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Finance Op and Tech
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 08/01/2025 P(1) 743 A $7.05 54,065(2) D
Class B Common Stock 218,833(3) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The shares reported herein represent shares acquired in a dividend reinvestment transaction.
2. Includes 34,065 shares of Class A common stock that are not subject to vesting or transfer restrictions and 20,000 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.
3. Includes 21,846 shares of Class B common stock that are not subject to vesting or transfer restrictions and 196,987 options to purchase Class B common stock that are fully vested and not subject to transfer restrictions.
Remarks:
/s/Allison Zolot as Attorney-in-Fact for Scott Schatz 08/05/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many KLA (KLAC) shares did CFO Bren Higgins dispose of?

A total of 1,461.124 shares were withheld for taxes across two vesting events.

What price was used for the tax-withholding transactions?

Both withholdings were calculated at the $886.64 closing price on 08/01/25.

How many KLAC shares does the CFO now own?

Higgins now directly owns 23,182.006 shares, including unvested RSUs.

What does transaction code “F� mean on Form 4 filings?

Code “F� indicates shares were withheld by the issuer solely to pay taxes due on equity-award vesting.

Is this insider activity considered a sell signal for KLAC stock?

No; the shares were surrendered for tax purposes and do not reflect discretionary selling.
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