Andrew Alford - Aug 18, 2021 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role: President, Broadcasting
Signature: /s/ Mark Hoyla, Attorney-in-Fact for Andrew Alford
Stock symbol: NXST
Transactions as of: Aug 18, 2021
Transactions value $: $63,918
Form type: 4
Date filed: 8/19/2021, 03:14 PM
Previous filing: Jun 10, 2021
Next filing: Mar 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXST	Class A Common Stock	Options Exercise	$90.9K	+625	+16.53%	$145.36	4.41K	Aug 18, 2021	Direct
transaction	NXST	Class A Common Stock	Sale	-$26.9K	-189	-4.29%	$142.50	4.22K	Aug 19, 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	Restricted Stock Units	Options Exercise	$0	-625	-3.57%	$0.00	16.9K	Aug 18, 2021	Class A Common Stock	625		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	As restricted stock units ("RSUs") vest, they are converted into shares of Class A Common Stock on a one-for-one basis at the vesting date.
F2	2,500 RSUs were awarded on August 18, 2017, of which 625 RSUs vest at each anniversary of the award through August 18, 2021.
F3	The RSUs have no expiration. However, 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.