Michael Biard - Aug 21, 2024 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role: President & COO
Signature: /s/ Mark Hoyla, Attorney-in-Fact for Michael Biard
Stock symbol: NXST
Transactions as of: Aug 21, 2024
Transactions value $: -$416,095
Form type: 4
Date filed: 8/22/2024, 05:23 PM
Previous filing: May 28, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXST	Common Stock	Options Exercise	$0	+6.25K		$0.00	6.25K	Aug 21, 2024	Direct	F1
transaction	NXST	Common Stock	Sale	-$416K	-2.46K	-39.33%	$169.28	3.79K	Aug 22, 2024	Direct	F2

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	-6.25K	-25%	$0.00	18.8K	Aug 21, 2024	Common Stock	6.25K		Direct	F1, F3, F4

* 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	The sale reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction.
F3	25,000 RSUs were awarded on August 21, 2023, of which 6,250 RSUs vest at each anniversary of the award through August 21, 2027.
F4	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.