Rachel Morgan - Jun 27, 2024 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role: EVP General Counsel
Signature: /s/ Mark Hoyla, Attorney-in-Fact for Rachel Morgan
Stock symbol: NXST
Transactions as of: Jun 27, 2024
Transactions value $: $382,721
Form type: 4
Date filed: 7/1/2024, 04:47 PM
Previous filing: Jun 18, 2024
Next filing: Aug 28, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXST	Common Stock	Options Exercise	$599K	+3.75K	+98.66%	$159.80	7.55K	Jun 27, 2024	Direct
transaction	NXST	Common Stock	Tax liability	-$217K	-1.36K	-17.94%	$159.80	6.2K	Jun 27, 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	-3.75K	-100%	$0.00^*	0	Jun 27, 2024	Common Stock	3.75K		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	7,500 RSUs were awarded on June 27, 2022, of which, 3,750 RSUs vested on each of June 27, 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.