Wilson Bill

SEC source: 0001613712-26-000003 · wk-form4_1786574721.xml · nonDerivative · entry 2

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,979,061

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.50 to $5.70. The reporting person undertakes to provide to Townsquare Media, any security holder of Townsqaure Media, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.

F3 · balance_after: Includes: i) 681,623 shares of Class A common stock that are not subject to vesting or transfer restrictions; ii) 971,830 restricted stock units and iii) 1,325,608 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

SEC source: 0001613712-26-000003 · wk-form4_1786574721.xml · nonDerivative · entry 1

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,000,481

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.50 to $5.90. The reporting person undertakes to provide to Townsquare Media, any security holder of Townsqaure Media, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.

SEC source: 0001499832-26-000009 · wk-form4_1768599120.xml · nonDerivative · entry 2

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,347,976

F2 · security: The Reporting Person's performance-based restricted stock units reported in this row will vest subject to the achievement of a specified volume weighted average trading price ("VWAP") over a period of 20 consecutive trading days, in each case subject to the achievement of such VWAP during the period beginning on the Grant Date and ending on the third anniversary of the Grant Date, and the Reporting Person's continued service through each vesting date. Subject to the foregoing conditions, achievement of a VWAP of $6.49, $7.57, and $8.66, will result in the vesting of 115,420, 153,752 and 204,248 of the performance-based restricted stock units, respectively.

F3 · balance_after: Includes: i) 668,428 shares of Class A common stock that are not subject to vesting or transfer restrictions; ii) 1,353,940 restricted stock units and iii) 1,325,608 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

SEC source: 0001499832-26-000009 · wk-form4_1768599120.xml · nonDerivative · entry 1

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,874,556

F1 · security: The Reporting Person's time-based restricted stock units reported in this row will vest as to 33.33% on the first anniversary of the Grant Date, 33.33% on the second anniversary of the Grant Date, and 33.34% on the third anniversary of the Grant Date, in each case, subject to the Reporting Person's continued service through each applicable vesting date.

SEC source: 0001499832-25-000016 · wk-form4_1737151225.xml · nonDerivative · entry 2

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,623,507

F3 · security: The Reporting Person's performance-based restricted stock units reported in this row will vest subject to the achievement of a specified volume weighted average trading price ("VWAP") over a period of 20 consecutive trading days, in each case subject to the achievement of such VWAP during the period beginning on the Grant Date and ending on the third anniversary of the Grant Date, and the Reporting Person's continued service through each vesting date. Subject to the foregoing conditions, achievement of a VWAP of $9.98, $10.43, and $10.88, will result in the vesting of 58,697, 58,697 and 58,716 of the performance-based restricted stock units, respectively.

F2 · date: Award issued for service to be performed in 2025.

F4 · balance_after: Includes: i) 574,979 shares of Class A common stock that are not subject to vesting or transfer restrictions; ii) 742,915 restricted stock units and iii) 1,305,613 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

SEC source: 0001499832-25-000016 · wk-form4_1737151225.xml · nonDerivative · entry 1

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,447,397

F1 · security: The Reporting Person's time-based restricted stock units reported in this row will vest as to 33.33% on the first anniversary of the Grant Date, 33.33% on the second anniversary of the Grant Date, and 33.34% on the third anniversary of the Grant Date, in each case, subject to the Reporting Person's continued service through each applicable vesting date.

F2 · date: Award issued for service to be performed in 2025.

SEC source: 0001499832-24-000155 · wk-form4_1735684133.xml · nonDerivative · entry 2

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Indirect · By Son

Disclosed balance after: 165

F1 · ownership.nature: The reported securities were purchased by the reporting person's adult child and the reporting person disclaims beneficial ownership.

SEC source: 0001499832-24-000155 · wk-form4_1735684133.xml · nonDerivative · entry 1

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Indirect · By Son

Disclosed balance after: 103

F1 · ownership.nature: The reported securities were purchased by the reporting person's adult child and the reporting person disclaims beneficial ownership.

SEC source: 0001499832-24-000069 · wk-form4_1712587064.xml · derivative · entry 3

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,640,646

Underlying: Class A Common Stock · 391,420 shares

Expires 2024-07-25

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · price: Column 8 has been intentionally left blank because the transaction was an exercise of a derivative security.

F3 · derivative.exercise_date: All of the shares subject to this option are fully vested and exercisable as of the date hereof.

SEC source: 0001499832-24-000069 · wk-form4_1712587064.xml · nonDerivative · entry 2

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,139,135

F1 · shares: The Options to Purchase Class A Common Stock reported in Table II were expiring shortly, and were exercised for cash as a "deemed" issuance of shares by the Issuer, followed by an immediate "deemed" reacquisition of such shares by the Issuer for fair market value. No Common Stock was actually issued in connection with this exercise.

F2 · balance_after: Includes: i) 498,460 shares of Class A common stock that are not subject to vesting or transfer restrictions; ii) 505,507 restricted stock units and iii) 1,135,168 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

SEC source: 0001499832-24-000069 · wk-form4_1712587064.xml · nonDerivative · entry 1

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,530,555

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: The Options to Purchase Class A Common Stock reported in Table II were expiring shortly, and were exercised for cash as a "deemed" issuance of shares by the Issuer, followed by an immediate "deemed" reacquisition of such shares by the Issuer for fair market value. No Common Stock was actually issued in connection with this exercise.

SEC source: 0001499832-24-000004 · wk-form4_1704231352.xml · nonDerivative · entry 2

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,530,555

F2 · security: The Reporting Person's performance-based restricted stock units reported in this row will vest subject to the achievement of a specified volume weighted average trading price ("VWAP") over a period of 20 consecutive trading days, in each case subject to the achievement of such VWAP during the period beginning on the Grant Date and ending on the third anniversary of the Grant Date, and the Reporting Person's continued service through each vesting date. Subject to the foregoing conditions, achievement of a VWAP of $12.40, $14.40, and $16.40, will result in the vesting of 38,258, 38,258 and 38,268 of the performance-based restricted stock units, respectively.

F3 · balance_after: Includes: i) 443,273 shares of Class A common stock that are not subject to vesting or transfer restrictions; ii) 560,694 restricted stock units and iii) 1,526,588 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

SEC source: 0001499832-24-000004 · wk-form4_1704231352.xml · nonDerivative · entry 1

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,415,771

F1 · security: The Reporting Person's time-based restricted stock units reported in this row will vest as to 33.33% on the first anniversary of the Grant Date, 33.33% on the second anniversary of the Grant Date, and 33.34% on the third anniversary of the Grant Date, in each case, subject to the Reporting Person's continued service through each applicable vesting date.

SEC source: 0001499832-23-000010 · wf-form4_167418112648469.xml · nonDerivative · entry 2

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,978,728

F2 · security: The Reporting Person's performance-based restricted stock units reported in this row will vest subject to the achievement of a specified volume weighted average trading price ("VWAP") measured over the last 20 trading days of the performance period that begins on the Grant Date and ends on Jannuary 18, 2026, subject to the Reporting Person's continued service through the end of the performance period. Subject to the foregoing conditions, achievement of a VWAP of $8.74, $10.75 and $13.05, will result in the vesting of 55,188, 55,188 and 55,187 of the performance-based restricted stock units, respectively.

F3 · balance_after: Includes 443,232 shares of Class A common stock that are not subject to vesting or transfer restrictions and 1,204,370 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

SEC source: 0001499832-23-000010 · wf-form4_167418112648469.xml · nonDerivative · entry 1

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,813,165

F1 · security: The Reporting Person's time-based restricted stock units reported in this row will vest as to 33.33% on the first anniversary of the Grant Date, 33.33% on the second anniversary of the Grant Date, and 33.34% on the third anniversary of the Grant Date, in each case, subject to the Reporting Person's continued service through each applicable vesting date.

SEC source: 0001499832-22-000078 · wf-form4_166562291878012.xml · derivative · entry 2

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,032,066

Underlying: Class A Common Stock · 323,834 shares

Expires 2032-10-07

F2 · derivative.exercise_date: The Reporting Person's options in this row will vest and become exercisable as to 33.1/3% upon each of the first, second and third anniversaries of the Grant Date, subject to the Reporting Person's continued service through the applicable vesting date.

SEC source: 0001499832-22-000078 · wf-form4_166562291878012.xml · derivative · entry 1

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,708,232

Underlying: Class A Common Stock · 378,862 shares

Expires 2032-10-07

F1 · derivative.exercise_date: The Reporting Person's options in this row will vest and become exercisable subject to achievement of a specified volume weighted average trading price ("VWAP") over a period of 20 consecutive trading days, in each case subject to achievement of such VWAP during the period beginning on the Grant Date and ending on the fifth anniversary of the Grant Date, and the Reporting Person's continued service through each vesting date. Subject to the foregoing conditions, achievement of a VWAP of $9.59, $11.59, $13.59, $15.59 and $17.59, will result in the vesting of 76,923, 74,850, 74,627, 75,301 and 77,160 options, respectively.

SEC source: 0001499832-22-000068 · wf-form4_166552277591896.xml · nonDerivative · entry 1

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,435,102

F1 · security: The shares reported herein represent shares acquired under the terms of the Company's 2021 Employee Stock Purchase Plan.

F1 · acquired: The shares reported herein represent shares acquired under the terms of the Company's 2021 Employee Stock Purchase Plan.

SEC source: 0001499832-22-000017 · wf-form4_164505031886593.xml · nonDerivative · entry 1

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,433,102

F1 · security: The shares reported herein represent a grant of stock award, which vests immediately.

F2 · balance_after: Includes 441,232 shares of Class A common stock that are not subject to vesting or transfer restrictions and 991,870 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

SEC source: 0001613712-21-000006 · wf-form4_162275246063820.xml · nonDerivative · entry 1

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,320,602

F1 · security: The shares disclosed hereunder were repurchased by Townsquare Media, Inc. (the "Company") in accordance with Rule 16b-3 in order to assist Mr. Wilson with the 2020 and 2021 tax obligations he incurred upon the vesting of 200,000 shares of restricted Class A common stock of the Company that were previously issued to Mr. Wilson.

F2 · balance_after: Includes 400,000 shares of restricted Class A common stock, which vests with respect to twenty-five percent (25%) of the shares on each of the first, second, third and fourth anniversaries of the date of grant. 300,000 of these shares have vested as of the date hereof. Also includes 929,370 options to purchase Class A common stock that have vested.

SEC source: 0001499832-20-000116 · wf-form4_160876061587492.xml · derivative · entry 1

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,424,246

Underlying: Class A Common Stock · 250,000 shares

Expires 2030-12-21

F1 · derivative.exercise_date: The Reporting Person's options vest and become exercisable with respect to twenty-five percent (25%) of the shares on each of the first, second, third and fourth anniversaries of the Grant Date.

SEC source: 0001613712-19-000006 · wf-form4_157376776495495.xml · nonDerivative · entry 1

Wilson Bill · CIK 0001613712 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,168,040

F1 · security: The shares disclosed hereunder were repurchased by Townsquare Media, Inc. (the "Company") in accordance with Rule 16b-3 in order to assist Mr. Wilson with the 2019 tax obligations he incurred upon the vesting of 100,000 shares of restricted Class A common stock of the Company that were previously issued to Mr. Wilson.

F2 · balance_after: Includes 400,000 shares of restricted Class A common stock, which vests with respect to twenty-five percent (25%) of the shares on each of the first, second, third and fourth anniversaries of the date of grant. 100,000 of these shares have vested as of the date hereof. Also includes 676,808 options to purchase Class A common stock that have vested.

SEC source: 0001499832-18-000108 · wf-form4_153480172954816.xml · derivative · entry 6

Wilson Bill · CIK 0001613712 · President and Co-CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,174,246

Underlying: Class A Common Stock · 94,876 shares

Expires 2021-01-26

F3 · derivative.exercise_price: The exercise price per share of the Replacement Options equals the closing price per share of the Company's Class A common stock as reported on the New York Stock Exchange on August 16, 2018, the closing of the Exchange Offer.

F4 · kind: This transaction reflects the grant of Replacement Options in connection with the Exchange Offer.

F6 · derivative.exercise_date: The Surrendered Options were granted on January 26, 2016 and were scheduled to vest as to 50% on January 26, 2019 and 50% on January 26, 2020; the Replacement Options granted in respect thereof will become vested on the same schedule.

SEC source: 0001499832-18-000108 · wf-form4_153480172954816.xml · derivative · entry 4

Wilson Bill · CIK 0001613712 · President and Co-CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,179,370

Underlying: Class A Common Stock · 87,950 shares

Expires 2025-08-19

F3 · derivative.exercise_price: The exercise price per share of the Replacement Options equals the closing price per share of the Company's Class A common stock as reported on the New York Stock Exchange on August 16, 2018, the closing of the Exchange Offer.

F4 · kind: This transaction reflects the grant of Replacement Options in connection with the Exchange Offer.

F5 · derivative.exercise_date: The Surrendered Options were granted on August 19, 2015 and were fully vested at grant with transfer restrictions scheduled to lapse as to 30% on August 19, 2019; the Replacement Options granted in respect thereof are fully vested and will become fully transferable on the same schedule.

SEC source: 0001499832-18-000108 · wf-form4_153480172954816.xml · derivative · entry 2

Wilson Bill · CIK 0001613712 · President and Co-CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,191,420

Underlying: Class A Common Stock · 391,420 shares

Expires 2024-07-25

F3 · derivative.exercise_price: The exercise price per share of the Replacement Options equals the closing price per share of the Company's Class A common stock as reported on the New York Stock Exchange on August 16, 2018, the closing of the Exchange Offer.

F4 · kind: This transaction reflects the grant of Replacement Options in connection with the Exchange Offer.

F2 · derivative.exercise_date: The Surrendered Options were granted on July 25, 2014 and were fully vested at grant, with transfer restrictions that have fully lapsed as of the date hereof; the Replacement Options granted in respect thereof are fully vested and fully transferable.

SEC source: 0001499832-18-000108 · wf-form4_153480172954816.xml · derivative · entry 5

Wilson Bill · CIK 0001613712 · President and Co-CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,079,370

Underlying: Class A Common Stock · 100,000 shares

Expires 2021-01-26

F1 · kind: This transaction reflects the cancellation of certain outstanding stock options ("Surrendered Options") to purchase Class B common stock of Townsquare Media, Inc. (the "Company") that were previously granted to the Reporting Persons and voluntarily surrendered by the Reporting Person to the Company in connection with the Company's offer to exchange certain outstanding options for new replacement options to purchase Class B common stock of the Company ("Replacement Options") as more fully described in the Schedule TO-I filed with the Securities Exchange Commission on July 18, 2018 and as amended on July 31, 2018, August 9, 2018, August 14, 2018, August 16, 2018 and August 17, 2018 (the "Exchange Offer").

F6 · derivative.exercise_date: The Surrendered Options were granted on January 26, 2016 and were scheduled to vest as to 50% on January 26, 2019 and 50% on January 26, 2020; the Replacement Options granted in respect thereof will become vested on the same schedule.

SEC source: 0001499832-18-000108 · wf-form4_153480172954816.xml · derivative · entry 3

Wilson Bill · CIK 0001613712 · President and Co-CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,091,420

Underlying: Class A Common Stock · 100,000 shares

Expires 2025-08-19

F1 · kind: This transaction reflects the cancellation of certain outstanding stock options ("Surrendered Options") to purchase Class B common stock of Townsquare Media, Inc. (the "Company") that were previously granted to the Reporting Persons and voluntarily surrendered by the Reporting Person to the Company in connection with the Company's offer to exchange certain outstanding options for new replacement options to purchase Class B common stock of the Company ("Replacement Options") as more fully described in the Schedule TO-I filed with the Securities Exchange Commission on July 18, 2018 and as amended on July 31, 2018, August 9, 2018, August 14, 2018, August 16, 2018 and August 17, 2018 (the "Exchange Offer").

F5 · derivative.exercise_date: The Surrendered Options were granted on August 19, 2015 and were fully vested at grant with transfer restrictions scheduled to lapse as to 30% on August 19, 2019; the Replacement Options granted in respect thereof are fully vested and will become fully transferable on the same schedule.

SEC source: 0001499832-18-000108 · wf-form4_153480172954816.xml · derivative · entry 1

Wilson Bill · CIK 0001613712 · President and Co-CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 800,000

Underlying: Class A Common Stock · 456,005 shares

Expires 2024-07-25

F1 · kind: This transaction reflects the cancellation of certain outstanding stock options ("Surrendered Options") to purchase Class B common stock of Townsquare Media, Inc. (the "Company") that were previously granted to the Reporting Persons and voluntarily surrendered by the Reporting Person to the Company in connection with the Company's offer to exchange certain outstanding options for new replacement options to purchase Class B common stock of the Company ("Replacement Options") as more fully described in the Schedule TO-I filed with the Securities Exchange Commission on July 18, 2018 and as amended on July 31, 2018, August 9, 2018, August 14, 2018, August 16, 2018 and August 17, 2018 (the "Exchange Offer").

F2 · derivative.exercise_date: The Surrendered Options were granted on July 25, 2014 and were fully vested at grant, with transfer restrictions that have fully lapsed as of the date hereof; the Replacement Options granted in respect thereof are fully vested and fully transferable.

SEC source: 0001499832-18-000029 · wf-form4_152814845991938.xml · nonDerivative · entry 1

Wilson Bill · CIK 0001613712 · Director · Co-Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 541,232

F1 · balance_after: Includes 400,000 shares of restricted Class A common stock, which vests with respect to twenty-five (25%) of the shares on each of the first, second, third and fourth anniversaries of the date of grant.

SEC source: 0001499832-18-000032 · wf-form4a_152840586382565.xml · nonDerivative · entry 1

Wilson Bill · CIK 0001613712 · Director · Co-Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,097,237

F1 · balance_after: Includes 556,005 options to purchase Class A common stock which were fully vested upon grant but subject to transfer restrictions.

F2 · balance_after: Includes 400,000 shares of restricted Class A common stock, which vests with respect to twenty-five (25%) of the shares on each of the first, second, third and fourth anniversaries of the date of grant.

SEC source: 0001499832-18-000019 · wf-form4_152788565680957.xml · derivative · entry 2

Wilson Bill · CIK 0001613712 · Director · Co-Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,256,005

Underlying: Class A Common Stock · 600,000 shares

Expires 2028-05-31

F2 · derivative.exercise_date: The Reporting Person's options vest and become exercisable with respect to twenty-five percent (25%) of the shares of Class A common stock underlying the options on each of the first, second, third and fourth anniversaries of the date of grant.

SEC source: 0001499832-18-000019 · wf-form4_152788565680957.xml · nonDerivative · entry 1

Wilson Bill · CIK 0001613712 · Director · Co-Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 536,232

F1 · security: The shares reported herein represent a grant of restricted stock, which vests with respect to twenty-five (25%) of the shares on each of the first, second, third and fourth anniversaries of the date of grant.

SEC source: 0001571049-17-000174 · t1700023_x1.xml · derivative · entry 4

Wilson Bill · CIK 0001613712 · EVP and Chief Content Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 656,005

Underlying: Class A Common Stock · 100,000 shares

Expires 2025-08-19

F1 · kind: The transaction reported herein reflects a repricing of options (the "Repricing") that became effective on January 3, 2017. The stock options were originally granted to the reporting person pursuant to two grants, on July 25, 2014 and August 19, 2015 respectively. As a result of the Repricing, such options now have a lower exercise price; other than the reduced exercise price, there have been no other changes in the terms of such options. However, under Section 16 of the Securities Exchange Act of 1934 and the rules thereunder, a reduction in the exercise price of any option is treated as effectively canceling the old option and granting a new option as of the effective date of the repricing, and thus is being reported accordingly in this Form 4.

F2 · derivative.exercise_date: The Reporting Person's options to purchase Class A Common Stock were fully vested upon issuance, but remain subject to certain transfer restrictions.

SEC source: 0001571049-17-000174 · t1700023_x1.xml · derivative · entry 3

Wilson Bill · CIK 0001613712 · EVP and Chief Content Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 556,005

Underlying: Class A Common Stock · 100,000 shares

Expires 2025-08-19

F1 · kind: The transaction reported herein reflects a repricing of options (the "Repricing") that became effective on January 3, 2017. The stock options were originally granted to the reporting person pursuant to two grants, on July 25, 2014 and August 19, 2015 respectively. As a result of the Repricing, such options now have a lower exercise price; other than the reduced exercise price, there have been no other changes in the terms of such options. However, under Section 16 of the Securities Exchange Act of 1934 and the rules thereunder, a reduction in the exercise price of any option is treated as effectively canceling the old option and granting a new option as of the effective date of the repricing, and thus is being reported accordingly in this Form 4.

F2 · derivative.exercise_date: The Reporting Person's options to purchase Class A Common Stock were fully vested upon issuance, but remain subject to certain transfer restrictions.

SEC source: 0001571049-17-000174 · t1700023_x1.xml · derivative · entry 2

Wilson Bill · CIK 0001613712 · EVP and Chief Content Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 656,005

Underlying: Class A Common Stock · 456,005 shares

Expires 2024-07-25

F1 · kind: The transaction reported herein reflects a repricing of options (the "Repricing") that became effective on January 3, 2017. The stock options were originally granted to the reporting person pursuant to two grants, on July 25, 2014 and August 19, 2015 respectively. As a result of the Repricing, such options now have a lower exercise price; other than the reduced exercise price, there have been no other changes in the terms of such options. However, under Section 16 of the Securities Exchange Act of 1934 and the rules thereunder, a reduction in the exercise price of any option is treated as effectively canceling the old option and granting a new option as of the effective date of the repricing, and thus is being reported accordingly in this Form 4.

F2 · derivative.exercise_date: The Reporting Person's options to purchase Class A Common Stock were fully vested upon issuance, but remain subject to certain transfer restrictions.

SEC source: 0001571049-17-000174 · t1700023_x1.xml · derivative · entry 1

Wilson Bill · CIK 0001613712 · EVP and Chief Content Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 200,000

Underlying: Class A Common Stock · 456,005 shares

Expires 2024-07-25

F1 · kind: The transaction reported herein reflects a repricing of options (the "Repricing") that became effective on January 3, 2017. The stock options were originally granted to the reporting person pursuant to two grants, on July 25, 2014 and August 19, 2015 respectively. As a result of the Repricing, such options now have a lower exercise price; other than the reduced exercise price, there have been no other changes in the terms of such options. However, under Section 16 of the Securities Exchange Act of 1934 and the rules thereunder, a reduction in the exercise price of any option is treated as effectively canceling the old option and granting a new option as of the effective date of the repricing, and thus is being reported accordingly in this Form 4.

F2 · derivative.exercise_date: The Reporting Person's options to purchase Class A Common Stock were fully vested upon issuance, but remain subject to certain transfer restrictions.