Elizabeth Ryder - 17 May 2022 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role: EVP General Counsel
Signature: /s/ Mark Hoyla, Attorney-in-Fact for Elizabeth Ryder
Issuer symbol: NXST
Transactions as of: 17 May 2022
Net transactions value: +$189,075
Form type: 4
Filing time: 19 May 2022, 12:18:40 UTC
Previous filing: 12 Apr 2022
Next filing: 13 Sep 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	$312,340	+1,750	+16%	$178.48	12,546	17 May 2022	Direct
transaction	NXST	Class A Common Stock	Sale	$123,265	-709	-5.7%	$173.86	11,837	18 May 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	-1,750	-13%	$0.000000	12,125	17 May 2022	Class A Common Stock	1,750		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	7,000 RSUs were awarded on May 17, 2021, of which 1,750 RSUs vest at each anniversary of the award through May 17, 2025.
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.