Nexstar Media Group (NXST) director converts 1,123 RSUs to common stock

Rhea-AI Filing Summary

Nexstar Media Group director Bernadette S. Aulestia exercised restricted stock units into common shares. On March 24, 2026, 1,123 restricted stock units converted into 1,123 shares of Nexstar common stock at a stated price of $0.00 per share.

The RSUs were originally awarded on March 24, 2025 and fully vested on March 24, 2026. Following the conversion, Aulestia directly holds 4,683 shares of Nexstar common stock, and no restricted stock units remain outstanding from this award.

Insider Trade Summary

1,123 shares exercised/converted

Mixed 2 txns

Insider Aulestia Bernadette S.

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 — 4,683 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^*

Aulestia Bernadette S.

(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)	4,683	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 Bernadette S. Aulestia	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 Media Group (NXST) report for Bernadette S. Aulestia?

Nexstar Media Group reported that director Bernadette S. Aulestia exercised 1,123 restricted stock units into 1,123 shares of common stock. The transaction, coded as an exercise or conversion of a derivative security, occurred on March 24, 2026 at a stated price of $0.00 per share.

How many Nexstar (NXST) shares does Bernadette S. Aulestia hold after this Form 4 transaction?

After the reported transaction, Bernadette S. Aulestia directly holds 4,683 shares of Nexstar common stock. This reflects the addition of 1,123 shares received from converting previously awarded restricted stock units that vested on March 24, 2026 into common shares on the same date.

What do the restricted stock units in the Nexstar (NXST) Form 4 represent?

Each restricted stock unit represents a right to receive one share of Nexstar common stock upon vesting, subject to continued service. In this case, 1,123 RSUs awarded on March 24, 2025 fully vested on March 24, 2026 and were then converted into common shares.

Was the Nexstar (NXST) insider transaction a market purchase or sale of shares?

The reported activity was not a market purchase or sale. It was an exercise and conversion of 1,123 restricted stock units into 1,123 shares of common stock at a stated price of $0.00, classified as a derivative exercise rather than an open-market trade.

When were the Nexstar (NXST) restricted stock units granted and when did they vest?

The 1,123 restricted stock units were awarded on March 24, 2025. According to the footnotes, all of these units became fully vested on March 24, 2026, at which time they were converted into an equal number of Nexstar common shares for the reporting person.

Does the Nexstar (NXST) director have any remaining derivative securities after this Form 4?

Based on the reported data, no restricted stock units remain from this specific award following the March 24, 2026 conversion. The derivative summary is empty, and total shares following the derivative transaction are listed as zero, indicating full exercise of this RSU grant.