Perry A. Sook - Nov 7, 2024 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Signature
/s/ Mark Hoyla, Attorney-in-Fact for Perry A. Sook
Stock symbol
NXST
Transactions as of
Nov 7, 2024
Transactions value $
-$1,752,299
Form type
4
Date filed
11/12/2024, 01:06 PM
Previous filing
Aug 5, 2024
Next filing
Nov 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXST Common Stock Options Exercise $577K +12.2K +1.81% $47.11 687K Nov 7, 2024 Direct F1
transaction NXST Common Stock Sale -$2.33M -12.2K -1.78% $190.28 675K Nov 7, 2024 Direct F1
holding NXST Common Stock 976K Nov 7, 2024 PS Sook Ltd. 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 Stock options Options Exercise $0 -12.2K -6.12% $0.00 188K Nov 7, 2024 Common Stock 12.2K $47.11 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The exercise of these options and the subsequent sale of common stock reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted by the Reporting Person on December 26, 2023.
F2 The 975,956 shares of common stock are owned by PS Sook Ltd., of which Mr. Sook and his spouse are the beneficial owners.
F3 200,000 options were granted on January 14, 2015. These options became exercisable in 50,000 increments each anniversary of the grant date for four years. All options are fully vested as of January 14, 2019.