Rosenstein Stuart B

SEC source: 0001499832-26-000010 · wk-form4_1768599139.xml · nonDerivative · entry 2

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,008,273

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 55,402, 73,801 and 98,039 of the performance-based restricted stock units, respectively.

F3 · balance_after: Includes: i) 121,721 shares of Class A common stock that are not subject to vesting or transfer restrictions; ii) 546,227 restricted stock units and ii) 340,325 Class A options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

SEC source: 0001499832-26-000010 · wk-form4_1768599139.xml · nonDerivative · entry 1

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 781,031

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: 0001499832-26-000001 · wk-form4_1768252677.xml · nonDerivative · entry 1

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 670,125

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

F2 · balance_after: Includes: i) 121,721 shares of Class A common stock that are not subject to vesting or transfer restrictions; ii) 208,079 restricted stock units and ii) 340,325 Class A options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

SEC source: 0001499832-25-000102 · wk-form4_1751921286.xml · nonDerivative · entry 1

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 616,311

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

F2 · balance_after: Includes: i) 100,590 shares of Class A common stock that are not subject to vesting or transfer restrictions; ii) 227,210 restricted stock units and ii) 288,511 Class A options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

SEC source: 0001499832-25-000018 · wk-form4_1737151326.xml · nonDerivative · entry 3

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 558,294

F3 · acquired: The shares reported herein represent shares acquired under the terms of the Company's 2021 Employee Stock Purchase Plan.

F4 · balance_after: Includes: i) 98,590 shares of Class A common stock that are not subject to vesting or transfer restrictions; ii) 227,210 restricted stock units and ii) 232,494 Class A options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

SEC source: 0001499832-25-000018 · wk-form4_1737151326.xml · nonDerivative · entry 2

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 556,632

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 $9.98, $10.43, and $10.88, will result in the vesting of 28,175, 28,175 and 28,183 of the performance-based restricted stock units, respectively.

SEC source: 0001499832-25-000018 · wk-form4_1737151326.xml · nonDerivative · entry 1

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 472,930

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: 0001499832-24-000102 · wk-form4_1722631244.xml · nonDerivative · entry 1

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 354,965

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

F2 · balance_after: Includes: i) 78,629 shares of Class A common stock that are not subject to vesting or transfer restrictions; ii) 95,655 restricted stock units and iii) 180,681 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

SEC source: 0001499832-24-000070 · wk-form4_1712587225.xml · derivative · entry 4

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,160,858

Underlying: Class B Common Stock · 782,840 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.

F5 · price: Column 8 has been intentionally left blank because the transaction was an exercise of a derivative security.

F4 · derivative.exercise_date: All of the shares subject to this option are fully vested and exercisable as of the date hereof.

SEC source: 0001499832-24-000070 · wk-form4_1712587225.xml · nonDerivative · entry 2

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 492,663

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 117,213 shares of Class B common stock that are not subject to vesting or transfer restrictions and 375,450 Class B options to purchase Class B common stock that are fully vested and not subject to transfer restrictions.

SEC source: 0001499832-24-000070 · wk-form4_1712587225.xml · nonDerivative · entry 1

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,275,503

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: 0001499832-24-000006 · wk-form4_1704231495.xml · nonDerivative · entry 2

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 296,948

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 19,129, 19,129 and 19,134 of the performance-based restricted stock units, respectively.

F3 · balance_after: Includes: i) 57,500 shares of Class A common stock that are not subject to vesting or transfer restrictions; ii) 114,784 restricted stock units and ii) 124,664 Class A options to purchase Class A common stock that are fully vested and not subject to transfer restrictions.

SEC source: 0001499832-24-000006 · wk-form4_1704231495.xml · nonDerivative · entry 1

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 239,556

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: 0001499832-23-000013 · wf-form4_167418148739624.xml · derivative · entry 2

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,943,698

Underlying: Class A Common Stock · 217,547 shares

Expires 2033-01-18

F2 · derivative.exercise_date: The Reporting Person's performance-based options reported in this row will vest and become exercisable 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 January 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 65,147, 71,429 and 80,972 of the performance-based options, respectively.

SEC source: 0001499832-23-000013 · wf-form4_167418148739624.xml · derivative · entry 1

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,726,151

Underlying: Class A Common Stock · 168,067 shares

Expires 2033-01-18

F1 · derivative.exercise_date: The Reporting Person's time-based options reported in this row will vest and become exercisable 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: 0001499832-22-000079 · wf-form4_166562298285415.xml · derivative · entry 2

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,558,084

Underlying: Class A Common Stock · 155,440 shares

Expires 2032-10-07

F2 · derivative.exercise_date: The Reporting Person's options reported in this row will vest and become exercisable as to 33 1/3% on 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: 0001499832-22-000079 · wf-form4_166562298285415.xml · derivative · entry 1

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,402,644

Underlying: Class A Common Stock · 181,854 shares

Expires 2032-10-07

F1 · derivative.exercise_date: The Reporting Person's options reported in this row will vest and become exercisable 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 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 36,923, 35,928, 35,821, 36,145 and 37,037 options, respectively.

SEC source: 0001499832-22-000069 · wf-form4_166552286561861.xml · nonDerivative · entry 1

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,500

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

SEC source: 0001499832-22-000016 · wf-form4_164505023608260.xml · nonDerivative · entry 1

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 55,500

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

F2 · balance_after: Includes 55,500 shares of Class A common stock that are not subject to vesting or transfer restrictions.

SEC source: 0001499832-20-000114 · wf-form4_160876041607165.xml · derivative · entry 1

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,386,824

Underlying: Class B 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: 0001499832-18-000124 · wf-form4_154211127652468.xml · derivative · entry 1

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,136,824

Underlying: Class B Common Stock · 50,000 shares

Expires 2028-11-08

F1 · derivative.exercise_date: The Reporting Person's options vest and become exercisable as follows: (i) the options shall vest and become exercisable with respect to fifty percent (50%) of the shares of Class B Common Stock underlying the options on the third anniversary of the date of the grant (the "Grant Date") and (ii) the options shall vest and become exercisable with respect to the remaining fifty percent (50%) of the shares of Class B Common Stock underlying the options upon the fourth anniversary of the Grant Date

SEC source: 0001499832-18-000100 · wf-form4_153479764937877.xml · derivative · entry 6

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,086,824

Underlying: Class B Common Stock · 166,034 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: 0001499832-18-000100 · wf-form4_153479764937877.xml · derivative · entry 4

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,095,790

Underlying: Class B 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: 0001499832-18-000100 · wf-form4_153479764937877.xml · derivative · entry 2

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,107,840

Underlying: Class B Common Stock · 782,840 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: 0001499832-18-000100 · wf-form4_153479764937877.xml · derivative · entry 5

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 920,790

Underlying: Class B Common Stock · 175,000 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: 0001499832-18-000100 · wf-form4_153479764937877.xml · derivative · entry 3

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,007,840

Underlying: Class B 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: 0001499832-18-000100 · wf-form4_153479764937877.xml · derivative · entry 1

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 325,000

Underlying: Class B Common Stock · 912,009 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: 0001499832-18-000039 · wf-form4_153022506042358.xml · derivative · entry 1

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 117,213

Underlying: Class A Common Stock · 54,243 shares

Expires not disclosed

F1 · kind: The shares of Class B common stock reported herein are being received by the Reporting Person as a result of the dissolution and distribution of the assets of FiveWire Media Ventures, LLC, of which the Reporting Person was a non-managing member.

F2 · price: The Reporting Person's Class B common stock is convertible at any time or times, into an equal number of shares of Class A common stock.

F2 · derivative.exercise_date: The Reporting Person's Class B common stock is convertible at any time or times, into an equal number of shares of Class A common stock.

F2 · derivative.expiration_date: The Reporting Person's Class B common stock is convertible at any time or times, into an equal number of shares of Class A common stock.

F2 · derivative.underlying_shares: The Reporting Person's Class B common stock is convertible at any time or times, into an equal number of shares of Class A common stock.

SEC source: 0001499832-18-000018 · wf-form4_152788563781888.xml · derivative · entry 1

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,237,009

Underlying: Class B Common Stock · 50,000 shares

Expires 2028-05-31

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

SEC source: 0001571049-17-000183 · t1700023_x10.xml · derivative · entry 4

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,187,009

Underlying: Class B 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 B Common Stock were fully vested upon issuance but remain subject to certain transfer restrictions.

F3 · balance_after: In connection with the issuer's initial public offering (the "IPO") in July 2014, the Reporting Person entered into a stockholders' agreement (the "Stockholders' Agreement") with OCM POF IV AIF GAP Holdings, L.P. ("GAP Holdings"), OCM PF/FF Radio Holdings PT, L.P. ("Radio Holdings"), FiveWire Media Ventures, LLC ("FiveWire") and the other members of FiveWire. Pursuant to the Stockholders' Agreement, FiveWire and its members have agreed to support certain nominees of GAP Holdings, Radio Holdings and their affiliates (collectively, "Oaktree"), as directors of the issuer, and have granted to Oaktree an irrevocable proxy to vote the shares of Class B common stock of the issuer into which the securities held by FiveWire and its members were converted at the time of the IPO. As a result, Oaktree may be deemed to form a "group" with FiveWire and its members.

F4 · balance_after: The Reporting Person disclaims beneficial ownership of any securities held by the other parties to the Stockholders' Agreement, except to the extent of his pecuniary interest therein.

SEC source: 0001571049-17-000183 · t1700023_x10.xml · derivative · entry 3

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,087,009

Underlying: Class B 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 B Common Stock were fully vested upon issuance but remain subject to certain transfer restrictions.

F3 · balance_after: In connection with the issuer's initial public offering (the "IPO") in July 2014, the Reporting Person entered into a stockholders' agreement (the "Stockholders' Agreement") with OCM POF IV AIF GAP Holdings, L.P. ("GAP Holdings"), OCM PF/FF Radio Holdings PT, L.P. ("Radio Holdings"), FiveWire Media Ventures, LLC ("FiveWire") and the other members of FiveWire. Pursuant to the Stockholders' Agreement, FiveWire and its members have agreed to support certain nominees of GAP Holdings, Radio Holdings and their affiliates (collectively, "Oaktree"), as directors of the issuer, and have granted to Oaktree an irrevocable proxy to vote the shares of Class B common stock of the issuer into which the securities held by FiveWire and its members were converted at the time of the IPO. As a result, Oaktree may be deemed to form a "group" with FiveWire and its members.

F4 · balance_after: The Reporting Person disclaims beneficial ownership of any securities held by the other parties to the Stockholders' Agreement, except to the extent of his pecuniary interest therein.

SEC source: 0001571049-17-000183 · t1700023_x10.xml · derivative · entry 2

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,187,009

Underlying: Class B Common Stock · 912,009 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 B Common Stock were fully vested upon issuance but remain subject to certain transfer restrictions.

F3 · balance_after: In connection with the issuer's initial public offering (the "IPO") in July 2014, the Reporting Person entered into a stockholders' agreement (the "Stockholders' Agreement") with OCM POF IV AIF GAP Holdings, L.P. ("GAP Holdings"), OCM PF/FF Radio Holdings PT, L.P. ("Radio Holdings"), FiveWire Media Ventures, LLC ("FiveWire") and the other members of FiveWire. Pursuant to the Stockholders' Agreement, FiveWire and its members have agreed to support certain nominees of GAP Holdings, Radio Holdings and their affiliates (collectively, "Oaktree"), as directors of the issuer, and have granted to Oaktree an irrevocable proxy to vote the shares of Class B common stock of the issuer into which the securities held by FiveWire and its members were converted at the time of the IPO. As a result, Oaktree may be deemed to form a "group" with FiveWire and its members.

F4 · balance_after: The Reporting Person disclaims beneficial ownership of any securities held by the other parties to the Stockholders' Agreement, except to the extent of his pecuniary interest therein.

SEC source: 0001571049-17-000183 · t1700023_x10.xml · derivative · entry 1

Rosenstein Stuart B · CIK 0001292179 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 275,000

Underlying: Class B Common Stock · 912,009 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 B Common Stock were fully vested upon issuance but remain subject to certain transfer restrictions.

F3 · balance_after: In connection with the issuer's initial public offering (the "IPO") in July 2014, the Reporting Person entered into a stockholders' agreement (the "Stockholders' Agreement") with OCM POF IV AIF GAP Holdings, L.P. ("GAP Holdings"), OCM PF/FF Radio Holdings PT, L.P. ("Radio Holdings"), FiveWire Media Ventures, LLC ("FiveWire") and the other members of FiveWire. Pursuant to the Stockholders' Agreement, FiveWire and its members have agreed to support certain nominees of GAP Holdings, Radio Holdings and their affiliates (collectively, "Oaktree"), as directors of the issuer, and have granted to Oaktree an irrevocable proxy to vote the shares of Class B common stock of the issuer into which the securities held by FiveWire and its members were converted at the time of the IPO. As a result, Oaktree may be deemed to form a "group" with FiveWire and its members.

F4 · balance_after: The Reporting Person disclaims beneficial ownership of any securities held by the other parties to the Stockholders' Agreement, except to the extent of his pecuniary interest therein.