Perry A. Sook - Feb 1, 2022 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role: Chief Executive Officer, Director
Signature: /s/ Mark Hoyla, Attorney-in-Fact for Perry A. Sook
Stock symbol: NXST
Transactions as of: Feb 1, 2022
Transactions value $: -$3,082,890
Form type: 4
Date filed: 2/3/2022, 04:08 PM
Previous filing: Jan 19, 2022
Next filing: Aug 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXST	Class A Common Stock	Options Exercise	$38.1K	+3.97K	+0.95%	$9.60^*	424K	Feb 1, 2022	Direct
transaction	NXST	Class A Common Stock	Sale	-$675K	-3.97K	-0.94%	$170.00	420K	Feb 1, 2022	Direct	F1
transaction	NXST	Class A Common Stock	Options Exercise	$146K	+15.2K	+3.63%	$9.60^*	435K	Feb 2, 2022	Direct
transaction	NXST	Class A Common Stock	Sale	-$2.59M	-15.2K	-3.5%	$170.00	420K	Feb 2, 2022	Direct	F1
transaction	NXST	Class A Common Stock	Options Exercise	$0	0	0%	$0.00^*	976K	Feb 2, 2022	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	-3.97K	-0.92%	$0.00	429K	Feb 1, 2022	Class A Common Stock	3.97K	$9.60	Direct	F3
transaction	NXST	Stock options	Options Exercise	$0	-15.2K	-3.56%	$0.00	414K	Feb 2, 2022	Class A Common Stock	15.2K	$9.60	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Sold by Mr. Sook pursuant to a plan of disposition adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
F2	The 975,956 shares of common stock owned by PS Sook Ltd., of which Mr. Sook and his spouse are the beneficial owners.
F3	400,000 options were granted on September 11, 2012. These options became exercisable in 100,000 increments each anniversary of the grant date for four years. All options are fully vested as of September 11, 2016.