Lee Ann Gliha - 23 May 2025 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role: EVP, Chief Financial Officer
Signature: /s/ Mark Hoyla, Attorney-in-Fact for Lee Ann Gliha
Issuer symbol: NXST
Transactions as of: 23 May 2025
Net transactions value: -$249,453
Form type: 4
Filing time: 28 May 2025, 15:30:08 UTC
Previous filing: 26 Mar 2025
Next filing: 05 Jun 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Gliha Lee Ann	EVP, Chief Financial Officer	545 E. JOHN CARPENTER FREEWAY, IRVING	/s/ Mark Hoyla, Attorney-in-Fact for Lee Ann Gliha	28 May 2025	0001878264

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXST	Common Stock	Options Exercise	$0	+1,875	+22%	$0.000000	10,485	23 May 2025	Direct	F1, F2
transaction	NXST	Common Stock	Options Exercise	$0	+1,875	+18%	$0.000000	12,360	23 May 2025	Direct	F1, F3
transaction	NXST	Common Stock	Sale	$249,453	-1,437	-12%	$173.59	10,923	27 May 2025	Direct	F4

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	-1,875	-25%	$0.000000	5,625	23 May 2025	Common Stock	1,875		Direct	F1, F2, F5
transaction	NXST	Restricted Stock Units	Options Exercise	$0	-1,875	-25%	$0.000000	5,625	23 May 2025	Common Stock	1,875		Direct	F1, F3, F5

* 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. Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Nexstar's common stock, subject to the achievement of pre-established company performance metric.
F2	7,500 RSUs were awarded on May 23, 2024, of which, 1,875 RSUs vest at each anniversary of the award through May 23, 2028.
F3	7,500 PSUs were awarded on May 23, 2024, of which, 1,875 PSUs vest at each anniversary of the award through May 23, 2028, subject to the achievement of pre-established company performance metric. For the 1,875 PSUs that were scheduled to vest on May 23, 2025, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied. Thus, the 1,875 PSUs vested in full on May 23, 2025.
F4	The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of RSUs and PSUs that vested on May 23, 2025.
F5	The RSUs/PSUs have no expiration. However, any and all unvested portion of RSUs/PSUs shall be forfeited and cancelled should the awardee's employment terminate for any reason other than a company change of control.