March taking place in Pride month (4)
I believe the answer is:
demo
'march' is the definition.
(as in a demonstration)
'place in pride month' is the wordplay.
'place in' indicates the answer is hidden within the clue (I've seen 'placed in' mean this).
'DEMO' is hidden in the letters of 'pride month'.
'taking' acts as a link.
(Other definitions for demo that I've seen before include "exhibit" , "Public protest meeting" , "March (abbr)" , "In brief, a public event as of protest under dome" , "Tape sent to recording studio" .)