Blake Russell - 20 Mar 2022 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role: EVP, Station Operations
Signature: /s/ Mark Hoyla, Attorney-in-Fact for Blake Russell
Issuer symbol: NXST
Transactions as of: 20 Mar 2022
Net transactions value: +$238,609
Form type: 4
Filing time: 22 Mar 2022, 21:20:22 UTC
Previous filing: 17 Mar 2022
Next filing: 12 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXST	Class A Common Stock	Options Exercise	$350,738	+1,875	+7.3%	$187.06	27,596	20 Mar 2022	Direct
transaction	NXST	Class A Common Stock	Sale	$112,128	-596	-2.2%	$188.13	27,000	22 Mar 2022	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	-1,875	-10%	$0.000000	16,375	20 Mar 2022	Class A Common Stock	1,875		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	7,500 RSUs were awarded on March 20, 2019, of which 1,875 RSUs vest at each anniversary of the award through March 20, 2023.
F3	The RSUs have no expiration. However, any and 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.