Brett Jenkins - 17 May 2023 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role: EVP, Chief Technology Officer
Signature: /s/ Mark Hoyla, Attorney-in-Fact for Brett Jenkins
Issuer symbol: NXST
Transactions as of: 17 May 2023
Net transactions value: +$166,484
Form type: 4
Filing time: 19 May 2023, 16:34:40 UTC
Previous filing: 12 Apr 2023
Next filing: 06 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXST	Common Stock	Options Exercise	$285,740	+1,750	+7.4%	$163.28	25,517	17 May 2023	Direct
transaction	NXST	Common Stock	Sale	$119,256	-737	-2.9%	$161.81	24,780	18 May 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	-1,750	-13%	$0.000000	11,250	17 May 2023	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 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.