Nexstar (NXST) director exercises 1,123 restricted stock units

Rhea-AI Filing Summary

Nexstar Media Group director Jay M. Grossman exercised previously awarded equity compensation. On March 24, 2026, 1,123 restricted stock units were converted into 1,123 shares of Nexstar common stock at no cash exercise price, reflecting the full vesting of RSUs granted on March 24, 2025.

Following this derivative exercise, Grossman directly holds 57,308 shares of common stock. The filing reflects an exercise-and-hold transaction with no open-market purchases or sales, indicating a routine equity award vesting rather than a discretionary trade.

Insider Trade Summary

1,123 shares exercised/converted

Mixed 2 txns

Insider Grossman Jay M.

Role Director

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

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 57,308 shares (Direct)

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.

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^*

Grossman Jay M.

(Last) (First) (Middle)

C/O ABRY PARTNERS, LLC

888 BOYLSTON ST. STE 1600

(Street)

BOSTON MASSACHUSETTS 02199

(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)	57,308	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 Jay Grossman	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 Nexstar (NXST) director Jay M. Grossman report?

Jay M. Grossman reported exercising 1,123 restricted stock units into 1,123 shares of Nexstar common stock. The RSUs represented equity compensation that fully vested on March 24, 2026, and were converted at no cash exercise price.

How many Nexstar (NXST) shares does Jay M. Grossman hold after this Form 4?

After the reported transactions, Jay M. Grossman directly holds 57,308 shares of Nexstar common stock. This total reflects the addition of 1,123 shares received from the conversion of fully vested restricted stock units on March 24, 2026.

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

The Form 4 does not show any open-market buy or sell. It records the exercise and conversion of 1,123 restricted stock units into common shares as part of equity compensation, with no reported market purchases or sales associated with this transaction.

What were the terms of the restricted stock units in Nexstar (NXST) director’s Form 4?

Each restricted stock unit converted into one share of Nexstar common stock. The 1,123 RSUs were awarded on March 24, 2025, and became fully vested on March 24, 2026, triggering the derivative exercise and issuance of 1,123 common shares.

Does the Nexstar (NXST) Form 4 show any remaining derivative holdings for Jay M. Grossman?

The filing’s derivative section shows no remaining derivative securities after this transaction. The 1,123 restricted stock units reported were fully converted into common stock, leaving no additional RSUs or similar derivative positions disclosed for this director in the document.