Dana Zimmer - Sep 19, 2023 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role: President, Distribution
Signature: /s/ Mark Hoyla, Attorney-in-Fact for Dana Zimmer
Stock symbol: NXST
Transactions as of: Sep 19, 2023
Transactions value $: $202,766
Form type: 4
Date filed: 9/21/2023, 12:48 PM
Previous filing: Jun 16, 2023
Next filing: Mar 8, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXST	Common Stock	Options Exercise	$377K	+2.5K	+43.91%	$150.98	8.19K	Sep 19, 2023	Direct
transaction	NXST	Common Stock	Tax liability	-$175K	-1.16K	-14.12%	$150.98	7.04K	Sep 19, 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NXST	Restricted Stock Units	Options Exercise	$0	-2.5K	-10.81%	$0.00	20.6K	Sep 19, 2023	Common Stock	2.5K		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each time-based restricted stock unit ("RSU") is converted into one share of Nexstar's Common Stock at the vesting date.
F2	10,000 RSUs were awarded on September 19, 2019, of which, 2,500 RSUs vest at each anniversary of the award through September 19, 2023.
F3	The RSUs have no expiration. However, any and all unvested portion of RSUs shall be forfeited and cancelled should the awardee's employment terminate for any reason other than a company change of control.