Director Wells converts 1,123 RSUs into Nexstar (NXST) common stock

Rhea-AI Filing Summary

Nexstar Media Group director Royce A. Wells exercised restricted stock units into common shares. On March 24, 2026, 1,123 RSUs, granted on March 24, 2025 and fully vested on March 24, 2026, were converted 1-for-1 into 1,123 shares of common stock. Following the transaction, he holds 1,123 shares directly and 2,270 shares indirectly through the Wells Family Trust, of which his spouse is the beneficial owner.

Insider Trade Summary

1,123 shares exercised/converted

Mixed 3 txns

Insider Wells Royce A.

Role Director

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

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 1,123 shares (Direct); Common Stock — 2,270 shares (Indirect, Wells Family Trust dated September 8, 2009)

Footnotes (1)

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. 1,123 RSUs were awarded on March 24, 2025, all of which are fully vested on March 24, 2026. The 2,270 shares of common stock owned by Wells Family Trust dated September 8, 2009, of which Mr. Wells' spouse is the beneficial owner.

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
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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^*

Wells Royce A.

(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)	1,123	D
Common Stock								2,270	I	Wells Family Trust dated September 8, 2009(3)

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.

3. The 2,270 shares of common stock owned by Wells Family Trust dated September 8, 2009, of which Mr. Wells' spouse is the beneficial owner.

	/s/ Mark Hoyla, Attorney-in-Fact for Royce A. Wells	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)

FAQ

What insider transaction did Royce A. Wells report at Nexstar (NXST)?

Royce A. Wells reported exercising restricted stock units into common stock. He converted 1,123 RSUs into 1,123 Nexstar common shares on March 24, 2026, reflecting the vesting of previously granted equity compensation rather than an open-market stock purchase or sale.

How many Nexstar (NXST) restricted stock units did Wells convert to shares?

Wells converted 1,123 restricted stock units into 1,123 Nexstar common shares. Each RSU converted into one share after vesting, as disclosed, turning his equity award into directly held stock without an associated cash purchase price per share in this transaction.

When were Royce A. Wells’ Nexstar (NXST) RSUs granted and when did they vest?

The 1,123 RSUs were awarded on March 24, 2025 and became fully vested on March 24, 2026. Upon this full vesting date, they were converted into an equal number of Nexstar common shares, consistent with the stated 1-for-1 RSU-to-share conversion terms.

How many Nexstar (NXST) shares does Wells hold directly after this Form 4?

After the reported transaction, Wells directly holds 1,123 shares of Nexstar common stock. These shares result from the conversion of his vested restricted stock units and represent his disclosed direct ownership position following the March 24, 2026 equity award settlement.

What is the Wells Family Trust’s Nexstar (NXST) share position in this filing?

The Wells Family Trust dated September 8, 2009 holds 2,270 Nexstar common shares. The filing notes that Mr. Wells’ spouse is the beneficial owner of these shares, and this position is reported as indirect ownership associated with the reporting person.

Was Royce A. Wells’ Nexstar (NXST) transaction a market buy or sell?

The transaction was an equity award settlement, not a market trade. Wells exercised and converted 1,123 restricted stock units into common shares at a stated price of $0.00 per share, with no open-market purchase or sale activity reported in this Form 4.