Karen A. Brophy - 15 Apr 2022 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role: President, Digital
Signature: /s/ Mark Hoyla, Attorney-in-Fact for Karen A. Brophy
Issuer symbol: NXST
Transactions as of: 15 Apr 2022
Net transactions value: +$79,831
Form type: 4
Filing time: 19 Apr 2022, 19:46:12 UTC
Previous filing: 22 Mar 2022
Next filing: 19 May 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	$127,935	+750	+146%	$170.58	1,264	15 Apr 2022	Direct
transaction	NXST	Class A Common Stock	Tax liability	$48,104	-282	-22%	$170.58	982	15 Apr 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	-750	-6%	$0.000000	11,812	15 Apr 2022	Class A Common Stock	750		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	3,000 RSUs were awarded on 4/15/2020, of which 750 RSUs vest at each anniversary of the award through 4/15/2024.
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.