Nexstar director exercises 1,123 RSUs into shares

Nexstar Media Group director Lisbeth McNabb exercised restricted stock units that had fully vested into common shares.

Rhea-AI Filing Summary

Nexstar Media Group director Lisbeth McNabb exercised restricted stock units that had fully vested into common shares. On March 24, 2026, 1,123 RSUs converted into 1,123 shares of common stock at a stated price of $0.00 per share. Following the transaction, she directly holds 8,435 shares of Nexstar common stock. The RSUs were originally awarded on March 24, 2025 and became fully vested one year later, subject to her continued service.

Insider Trade Summary

1,123 shares exercised/converted

Exercise 2 txns

Insider McNabb Lisbeth

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 — 8,435 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

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What insider transaction did Nexstar (NXST) report for Lisbeth McNabb?

Nexstar reported that director Lisbeth McNabb exercised 1,123 restricted stock units, converting them into 1,123 shares of common stock. This transaction reflects the vesting and settlement of previously granted equity awards rather than an open-market purchase or sale.

How many Nexstar (NXST) shares does Lisbeth McNabb hold after this Form 4?

After the RSU conversion, Lisbeth McNabb directly holds 8,435 shares of Nexstar common stock. This total reflects the addition of 1,123 shares received from vested restricted stock units reported in the Form 4, with no sales or dispositions disclosed in this filing.

Were the Nexstar (NXST) restricted stock units fully vested before conversion?

Yes. The filing notes that 1,123 restricted stock units awarded on March 24, 2025 were fully vested on March 24, 2026. Upon vesting, each RSU converted into one share of Nexstar common stock, assuming the director’s continued service through the vesting date.

Did the Nexstar (NXST) Form 4 show any insider share sales?

No insider share sales were reported. The Form 4 only shows an exercise or conversion of 1,123 restricted stock units into common shares, with transaction code M. There are no sale (S) or tax-withholding (F) transactions disclosed in this particular filing.

What does transaction code M mean in the Nexstar (NXST) Form 4?

Transaction code M indicates an exercise or conversion of a derivative security. In this case, restricted stock units were converted into Nexstar common stock. It represents the settlement of an existing equity award rather than an open-market purchase or sale of shares.

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

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Accepted by SEC EDGAR 03/25/2026 - 02:42 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^*

McNabb Lisbeth

(Last) (First) (Middle)

C/O NEXSTAR MEDIA GROUP, INC.

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)

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)	8,435	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 Lisbeth McNabb	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)