Lisbeth McNabb - May 10, 2021 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role: Director
Signature: /s/ Mark Hoyla, Attorney-in-Fact for Lisbeth McNabb
Stock symbol: NXST
Transactions as of: May 10, 2021
Transactions value $: -$313,689
Form type: 4
Date filed: 5/11/2021, 06:35 PM
Next filing: May 13, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXST	Class A Common Stock	Options Exercise	$29.6K	+644	+16.73%	$46.03	4.49K	May 10, 2021	Direct
transaction	NXST	Class A Common Stock	Sale	-$98.5K	-644	-14.33%	$153.00	3.85K	May 10, 2021	Direct
transaction	NXST	Class A Common Stock	Sale	-$245K	-1.6K	-41.56%	$153.00	2.25K	May 10, 2021	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	Stock options	Options Exercise	$0	-644	-3.53%	$0.00	17.6K	May 10, 2021	Class A Common Stock	644	$46.03	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	20,000 options were granted on January 15, 2014. These options became exercisable in 5,000 increments each anniversary of the grant date for four years. All options are fully vested as of January 15, 2018.