Blake Russell - Apr 10, 2024 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role: EVP, Station Operations
Signature: /s/ Mark Hoyla, Attorney-in-Fact for Blake Russell
Stock symbol: NXST
Transactions as of: Apr 10, 2024
Transactions value $: $308,138
Form type: 4
Date filed: 4/12/2024, 08:58 PM
Previous filing: Dec 26, 2023
Next filing: May 21, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXST	Common Stock	Options Exercise	$407K	+2.5K	+11.2%	$162.95	24.8K	Apr 10, 2024	Direct
transaction	NXST	Common Stock	Tax liability	-$99.2K	-609	-2.45%	$162.95	24.2K	Apr 10, 2024	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	-100%	$0.00^*	0	Apr 10, 2024	Common Stock	2.5K		Direct	F1, F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	As restricted stock units ("RSUs") vest, they are converted into shares of Common Stock on a one-for-one basis at the vesting date.
F2	10,000 RSUs were awarded on April 10, 2020, of which, 2,500 RSUs vested on each of April 10, 2021, 2022, 2023 and 2024.
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.
F4	In the Reporting Person's prior Form 4, the number of other derivative securities beneficially owned following the reported transaction were included. Going forward, only the number of the derivative securities for which the transaction is being disclosed will be reflected.