Blake Russell - 17 May 2024 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role: EVP, Operations
Signature: /s/ Mark Hoyla, Attorney-in-Fact for Blake Russell
Issuer symbol: NXST
Transactions as of: 17 May 2024
Net transactions value: +$224,232
Form type: 4
Filing time: 21 May 2024, 18:11:29 UTC
Previous filing: 12 Apr 2024
Next filing: 28 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXST	Common Stock	Options Exercise	$296,730	+1,750	+7.2%	$169.56	25,970	17 May 2024	Direct
transaction	NXST	Common Stock	Sale	$72,498	-433	-1.7%	$167.43	25,537	20 May 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	-1,750	-50%	$0.000000	1,750	17 May 2024	Common Stock	1,750		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	7,000 RSUs were awarded on May 17, 2021, of which, 1,750 RSUs vest at each anniversary of the award through May 17, 2025.
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.