Scott Schatz - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Scott Schatz. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

Companies with Reported Insider Positions

The SEC filings indicate Scott Schatz has reported holdings or trades in the following companies:

How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Scott Schatz. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases TSQ / Townsquare Media, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in TSQ / Townsquare Media, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Max	Price at Max	Max Profit ($)	Max Return (%)
2025-08-01	TSQ	Schatz Scott	743	7.0500	743	7.0500	5,238	38	7.3000	186	3.55
2025-05-01	TSQ	Schatz Scott	788	6.5700	788	6.5700	5,177
2021-11-16	TSQ	Schatz Scott	1,000	13.0000	1,000	13.0000	13,000
2018-06-19	TSQ	Schatz Scott	1,000	6.4594	1,000	6.4594	6,459

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Sales TSQ / Townsquare Media, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in TSQ / Townsquare Media, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Min	Price at Min	Max Loss Avoided ($)	Max Loss Avoided (%)
2025-03-26	TSQ	Schatz Scott	5,331	8.2500	5,331	8.2500	43,981	34	6.5300	-9,169	-20.85
2024-12-31	TSQ	Schatz Scott	100	9.1000	100	9.1000	910
2024-12-30	TSQ	Schatz Scott	2,066	9.3000	2,066	9.3000	19,214
2024-12-26	TSQ	Schatz Scott	4,594	9.6500	4,594	9.6500	44,332
2024-12-24	TSQ	Schatz Scott	2,108	9.6500	2,108	9.6500	20,342
2024-12-23	TSQ	Schatz Scott	5,000	9.6400	5,000	9.6400	48,200
2024-12-17	TSQ	Schatz Scott	5,000	9.7500	5,000	9.7500	48,750
2024-12-16	TSQ	Schatz Scott	150	10.2000	150	10.2000	1,530
2024-04-04	TSQ	Schatz Scott	131,929	12.3600	131,929	12.3600	1,630,642
2023-12-15	TSQ	Schatz Scott	4,133	10.5100	4,133	10.5100	43,438
2023-12-14	TSQ	Schatz Scott	2,355	10.5000	2,355	10.5000	24,728
2023-12-13	TSQ	Schatz Scott	9,374	10.3400	9,374	10.3400	96,927
2023-12-07	TSQ	Schatz Scott	12,616	10.2200	12,616	10.2200	128,936
2023-12-06	TSQ	Schatz Scott	1,522	10.2000	1,522	10.2000	15,524
2023-06-28	TSQ	Schatz Scott	18,441	12.1400	18,441	12.1400	223,874
2023-06-27	TSQ	Schatz Scott	10,002	11.9500	10,002	11.9500	119,524
2023-06-22	TSQ	Schatz Scott	5,337	12.1100	5,337	12.1100	64,631

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Trading History

This table shows the complete list of insider trades made by Scott Schatz as disclosed to the Securities Exchange Commission (SEC).