Nexstar exec plans $458K sale of 2,465 shares

NEXSTAR MEDIA GROUP, INC.

Rhea-AI Filing Summary

NEXSTAR MEDIA GROUP, INC. (NXST) received a Rule 144 notice relating to planned sales of its common stock by officer Michael Biard. The filing covers a proposed sale of 2,465 common shares of Nexstar through Fidelity Brokerage Services LLC, with Nexstar having 30,808,301 shares outstanding. The shares to be sold are tied to restricted stock vesting on 08/21/2026, issued by Nexstar as compensation. The notice states that the sale includes an amount necessary to cover a tax obligation arising from the settlement of a vested equity award distribution. In the prior three months, Biard reported sales of 989 shares on 05/27/2026 and 1,227 shares on 06/12/2026 of Nexstar common stock.

Key Figures

Shares to be sold: 2,465 shares Aggregate market value of planned sale: 458,047.04 Shares outstanding: 30,808,301 shares +4 more

7 metrics

Shares to be sold 2,465 shares Planned sale of Nexstar common stock under Rule 144

Aggregate market value of planned sale 458,047.04 Value associated with 2,465 shares of Nexstar common stock

Shares outstanding 30,808,301 shares Total Nexstar common shares outstanding for the class referenced

Recent sale 1 989 shares for 185,260.86 Sale of Nexstar common stock on 05/27/2026 by Michael Biard

Recent sale 2 1,227 shares for 213,750.15 Sale of Nexstar common stock on 06/12/2026 by Michael Biard

Approximate date of planned sale 08/24/2026 Approximate sale date listed for the 2,465-share transaction

Restricted stock vesting date 08/21/2026 Date the restricted stock related to the planned sale vests

Key Terms

Rule 144, restricted stock, vested equity award

3 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

restricted stock financial

"Common | 08/21/2026 | Restricted Stock Vesting | Issuer"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

vested equity award financial

"resulting from the settlement of a vested equity award distribution."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction is disclosed for NXST in this Form 144?

The notice reports that officer Michael Biard plans to sell 2,465 shares of Nexstar Media Group, Inc. common stock under Rule 144. The shares relate to restricted stock vesting on 08/21/2026 and will be sold through Fidelity Brokerage Services LLC.

How many NXST shares are planned to be sold and when?

The filing covers a planned sale of 2,465 Nexstar common shares, with an approximate sale date of 08/24/2026. The transaction is reported under Rule 144 and involves shares received from restricted stock vesting on 08/21/2026.

What is the stated market value and shares outstanding for NXST in this notice?

The Rule 144 notice lists an aggregate market value of 458,047.04 for the 2,465 shares to be sold and states that 30,808,301 Nexstar common shares were outstanding in total for the class referenced.

What prior NXST share sales by Michael Biard are disclosed?

Over the prior three months, the notice lists sales by Michael Biard of 989 shares of Nexstar common stock on 05/27/2026 for proceeds of 185,260.86, and 1,227 shares on 06/12/2026 for proceeds of 213,750.15.

Why does the Form 144 say part of the NXST sale is for taxes?

The remarks explain that the sale includes an amount necessary to cover a tax obligation resulting from the settlement of a vested equity award distribution. This indicates a portion of the planned 2,465-share sale is to satisfy resulting tax liabilities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/24/2026 - 03:49 PM Accepted by SEC EDGAR 08/24/2026 - 03:49 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001990398
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	NEXSTAR MEDIA GROUP, INC.
SEC File Number	000-50478
Address of Issuer	545 EAST JOHN CARPENTER FREEWAY SUITE 700 IRVING TEXAS 75062
Phone	972-373-8800
Name of Person for Whose Account the Securities are To Be Sold	Biard Michael
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	2465	458047.04	30808301	08/24/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/21/2026	Restricted Stock Vesting	Issuer			2465	08/21/2026	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Michael Biard 545 E. John Carpenter Freeway Suite 700 Irving TX 75062	Common	05/27/2026	989	185260.86
Michael Biard 545 E. John Carpenter Freeway Suite 700 Irving TX 75062	Common	06/12/2026	1227	213750.15

144: Remarks and Signature

Remarks	Sale includes an amount necessary to cover a tax obligation resulting from the settlement of a vested equity award distribution.
Date of Notice	08/24/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Adam Gehring, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Michael Biard
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)