Andrew Alford - Apr 15, 2022 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role: President, Broadcasting
Signature: /s/ Mark Hoyla, Attorney-in-Fact for Andrew Alford
Stock symbol: NXST
Transactions as of: Apr 15, 2022
Transactions value $: $107,124
Form type: 4
Date filed: 4/19/2022, 07:49 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	$171K	+1K	+15.62%	$170.58	7.4K	Apr 15, 2022	Direct
transaction	NXST	Class A Common Stock	Tax liability	-$63.5K	-372	-5.02%	$170.58	7.03K	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	-1K	-7.14%	$0.00	13K	Apr 15, 2022	Class A Common Stock	1K		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	4,000 RSUs were awarded on 4/15/2020, of which 1,000 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.