Nexstar (NXST) EVP settles RSUs, sells shares to cover tax bill

Rhea-AI Filing Summary

Nexstar Media Group EVP of Human Resources Lindsey Knapp reported routine equity-compensation activity involving restricted stock units (RSUs) and common shares. On May 23, 2026, 375 time-based RSUs converted into 375 shares of Nexstar common stock as part of a grant that awards 1,500 RSUs, with 375 RSUs vesting on each anniversary of the May 23, 2024 grant date through May 23, 2028.

On May 27, 2026, Knapp sold 92 common shares at an average price of $187.3214 per share, with a footnote stating this sale was made to cover tax withholding obligations related to the RSUs that vested on May 23, 2026. Following these transactions, Knapp directly holds 1,160 shares of Nexstar common stock and 750 RSUs remain outstanding from the original award.

Insider Trade Summary

Net Seller: 92 shares ($17,234)

Net Sell 3 txns

Insider Knapp Lindsey

Role EVP, Human Resources

Sold 92 shs ($17K)

Type	Security	Shares	Price	Value
Sale	Common Stock	92	$187.3214	$17K
Exercise	Restricted Stock Units	375	$0.00	--
Exercise	Common Stock	375	$0.00	--

Holdings After Transaction: Common Stock — 1,160 shares (Direct, null); Restricted Stock Units — 750 shares (Direct, null)

Footnotes (1)

1. Each time-based restricted stock unit ("RSU") is converted into one share of Nexstar's Common Stock subject to the Reporting Person's continued service through the applicable vesting date. 1,500 RSUs were awarded on May 23, 2024, of which, 375 RSUs vest at each anniversary of the award through May 23, 2028. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of RSUs that vested on May 23, 2026.

Key Figures

Shares sold: 92 shares Sale price per share: $187.3214 per share RSUs converted: 375 RSUs +4 more

7 metrics

Shares sold 92 shares Open-market sale on May 27, 2026 to cover tax withholding

Sale price per share $187.3214 per share Average price for 92 shares sold on May 27, 2026

RSUs converted 375 RSUs RSUs converted into common stock on May 23, 2026

Common shares after transactions 1,160 shares Direct holdings following reported transactions

Original RSU grant 1,500 RSUs Time-based RSUs awarded on May 23, 2024

Annual RSU vesting 375 RSUs per year Vest on each anniversary through May 23, 2028

Remaining RSUs 750 RSUs RSUs outstanding after 375 converted on May 23, 2026

Key Terms

Restricted Stock Units, time-based restricted stock unit, vesting date, tax withholding obligations, +1 more

5 terms

Restricted Stock Units financial

"security_title": "Restricted Stock Units""

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

time-based restricted stock unit financial

"Each time-based restricted stock unit ("RSU") is converted into one share"

vesting date financial

"subject to the Reporting Person's continued service through the applicable vesting date"

tax withholding obligations financial

"shares sold by the Reporting Person to cover tax withholding obligations"

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Knapp Lindsey

(Last) (First) (Middle)

545 E. JOHN CARPENTER FREEWAY

SUITE 700

(Street)

IRVING TEXAS 75062

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NEXSTAR MEDIA GROUP, INC. [ NXST ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Human Resources

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/23/2026		M		375	A	$0(1)(2)	1,252	D
Common Stock	05/27/2026		S(3)		92	D	$187.3214	1,160	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	05/23/2026		M			375	(2)	(2)	Common Stock	375	$0	750	D

Explanation of Responses:

1. Each time-based restricted stock unit ("RSU") is converted into one share of Nexstar's Common Stock subject to the Reporting Person's continued service through the applicable vesting date.

2. 1,500 RSUs were awarded on May 23, 2024, of which, 375 RSUs vest at each anniversary of the award through May 23, 2028.

3. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of RSUs that vested on May 23, 2026.

	/s/ Mark Hoyla, Attorney-in-Fact for Lindsey Knapp	05/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did NXST executive Lindsey Knapp report?

Lindsey Knapp reported the conversion of 375 restricted stock units into Nexstar common shares and the sale of 92 shares. The sale was specifically described as covering tax withholding obligations related to RSUs that vested on May 23, 2026.

How many Nexstar (NXST) shares did Lindsey Knapp sell and at what price?

Lindsey Knapp sold 92 shares of Nexstar common stock at an average price of $187.3214 per share. A footnote explains the sale was executed to satisfy tax withholding obligations from recently vested restricted stock units.

What RSU award and vesting schedule does NXST disclose for Lindsey Knapp?

Nexstar granted Lindsey Knapp 1,500 time-based RSUs on May 23, 2024. According to the disclosure, 375 RSUs vest on each anniversary of the award through May 23, 2028, with each vested RSU converting into one share of Nexstar common stock.

How many Nexstar (NXST) shares does Lindsey Knapp hold after these transactions?

After the reported transactions, Lindsey Knapp directly holds 1,160 shares of Nexstar common stock. The filing also shows 750 restricted stock units remaining from the original award, which are scheduled to vest on future anniversaries if service conditions are met.

Were Lindsey Knapp’s Nexstar share sales discretionary or for tax withholding?

The filing states the 92-share sale was executed to cover tax withholding obligations tied to RSUs that vested on May 23, 2026. This indicates a tax-related disposition rather than a discretionary open-market sale for portfolio or valuation reasons.