Nexstar director exercises 1,123 RSUs into shares

Nexstar Media Group director John R. Muse exercised restricted stock units into common shares.

Rhea-AI Filing Summary

Nexstar Media Group director John R. Muse exercised restricted stock units into common shares. On March 24, 2026, 1,123 restricted stock units were converted into 1,123 shares of Nexstar common stock at a conversion price of $0.00 per share.

These RSUs were originally awarded on March 24, 2025 and became fully vested on March 24, 2026. Following the transaction, Muse directly holds 28,661 shares of Nexstar common stock, reflecting a routine compensation-related equity vesting rather than an open-market purchase or sale.

Insider Trade Summary

1,123 shares exercised/converted

Exercise 2 txns

Insider MUSE JOHN R

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,123	$0.00	$0.00
Exercise	Common Stock	1,123	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 28,661 shares (Direct)

Footnotes (2)

1. F1. Each 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. F2. 1,123 RSUs were awarded on March 24, 2025, all of which are fully vested on March 24, 2026.

FAQ

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

What insider transaction did Nexstar Media Group (NXST) report for John R. Muse?

Nexstar director John R. Muse exercised 1,123 restricted stock units, which converted into 1,123 shares of common stock at $0.00 per share. This was a compensation-related equity vesting, not an open-market purchase or sale.

When did John R. Muse’s restricted stock units in Nexstar (NXST) fully vest?

John R. Muse’s 1,123 restricted stock units were awarded on March 24, 2025 and became fully vested on March 24, 2026. Upon vesting, each unit converted into one share of Nexstar common stock at a stated price of $0.00.

How many Nexstar (NXST) shares does John R. Muse hold after this Form 4 transaction?

After the March 24, 2026 RSU conversion, John R. Muse directly holds 28,661 shares of Nexstar common stock. This reflects his updated ownership position following the routine vesting of 1,123 restricted stock units into common shares.

Was the Nexstar (NXST) Form 4 transaction an open-market buy or sell?

No, the Form 4 does not report an open-market buy or sell. It shows a derivative exercise, where 1,123 restricted stock units automatically converted into 1,123 common shares at $0.00 upon vesting as part of Muse’s equity compensation.

What does the $0.00 price mean for John R. Muse’s Nexstar (NXST) RSU exercise?

The $0.00 price indicates the restricted stock units converted into common shares without a cash exercise cost to John R. Muse. RSUs typically settle into shares automatically at vesting, reflecting earned compensation rather than a market transaction.

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

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Accepted by SEC EDGAR 03/25/2026 - 02:44 PM EDT Learn about SEC filing dates

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^*

MUSE JOHN R

(Last) (First) (Middle)

3131 TURTLE CREEK BLVD., SUITE 1020

(Street)

DALLAS TEXAS 75219

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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	03/24/2026		M		1,123	A	$0(1)(2)	28,661	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)	03/24/2026		M			1,123	(2)	(2)	Common Stock	1,123	$0	0	D

Explanation of Responses:

1. Each 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. 1,123 RSUs were awarded on March 24, 2025, all of which are fully vested on March 24, 2026.

	/s/ Mark Hoyla, Attorney-in-Fact for John R. Muse	03/25/2026
	** 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)