Karen A. Brophy - Apr 15, 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
Stock symbol: NXST
Transactions as of: Apr 15, 2022
Transactions value $: $79,831
Form type: 4
Date filed: 4/19/2022, 07:46 PM
Previous filing: Mar 22, 2022
Next filing: May 19, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXST	Class A Common Stock	Options Exercise	$128K	+750	+145.91%	$170.58	1.26K	Apr 15, 2022	Direct
transaction	NXST	Class A Common Stock	Tax liability	-$48.1K	-282	-22.31%	$170.58	982	Apr 15, 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	-5.97%	$0.00	11.8K	Apr 15, 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.