Sean Compton - Sep 19, 2021 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role: President, Networks
Signature: /s/ Mark Hoyla, Attorney-in-Fact for Sean Compton
Stock symbol: NXST
Transactions as of: Sep 19, 2021
Transactions value $: $209,961
Form type: 4
Date filed: 9/21/2021, 05:52 PM
Previous filing: May 19, 2021
Next filing: Apr 12, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXST	Class A Common Stock	Options Exercise	$364K	+2.5K	+70.92%	$145.79	6.03K	Sep 19, 2021	Direct
transaction	NXST	Class A Common Stock	Sale	-$155K	-1.05K	-17.41%	$147.30	4.98K	Sep 21, 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	-2.5K	-10%	$0.00	22.5K	Sep 19, 2021	Class A Common Stock	2.5K		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	10,000 RSUs were awarded on September 19, 2019, of which, 2,500 RSUs vest at each anniversary of the award through September 19, 2023.
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.