Blake Russell - Apr 10, 2023 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role: EVP, Station Operations
Signature: /s/ Mark Hoyla, Attorney-in-Fact for Blake Russell
Stock symbol: NXST
Transactions as of: Apr 10, 2023
Transactions value $: $333,043
Form type: 4
Date filed: 4/12/2023, 06:19 PM
Previous filing: Mar 22, 2023
Next filing: May 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXST	Common Stock	Options Exercise	$440K	+2.5K	+8.12%	$176.12	33.3K	Apr 10, 2023	Direct
transaction	NXST	Common Stock	Tax liability	-$107K	-609	-1.83%	$176.12	32.7K	Apr 10, 2023	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	-2.5K	-16.13%	$0.00	13K	Apr 10, 2023	Common Stock	2.5K		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 Common Stock on a one-for-one basis at the vesting date.
F2	10,000 RSUs were awarded on April 10, 2020, of which, 2,500 RSUs vest at each anniversary of the award through April 10, 2024.
F3	The restricted stock units have no expiration. However, any and all unvested portion of restricted stock units shall be forfeited and cancelled should the awardee's employment terminate for any reason other than a company change of control.

Remarks:

EVP/Chief Communications Officer