Andrew Alford - Apr 15, 2023 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, 2023
Transactions value $: $134,530
Form type: 4
Date filed: 4/18/2023, 05:48 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	$178K	+1K	+23.36%	$177.95	5.28K	Apr 15, 2023	Direct
transaction	NXST	Common Stock	Tax liability	-$43.4K	-244	-4.62%	$177.95	5.04K	Apr 15, 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	-1K	-5.88%	$0.00	16K	Apr 15, 2023	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 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.