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  4. [Form 4] NEXSTAR MEDIA GROUP, INC. Insider Trading Activity

Nexstar (NXST) EVP Blake sells 239 shares to cover RSU tax bill

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Nexstar Media Group EVP of Operations Russell Blake reported an open-market sale of 239 shares of common stock on June 10, 2026 at an average price of $176.417 per share. According to the footnote, the sale was made to cover tax withholding obligations tied to performance-based restricted stock units that vested on June 6, 2026. After this transaction, Blake directly holds 27,901 shares of Nexstar common stock.

Positive

  • None.

Negative

  • None.

Insights

Small sale to cover taxes on vested RSUs, routine and neutral.

Executive vice president of operations Russell Blake sold 239 shares of Nexstar Media Group common stock at $176.417 per share. The footnote states the sale covered tax withholding obligations from performance-based restricted stock units that vested on June 6, 2026.

Because the trade’s purpose is paying taxes on equity compensation, it is more mechanical than discretionary. Blake still holds 27,901 shares after the transaction, so the sale is small relative to his position and looks like routine portfolio housekeeping rather than a change in sentiment.

Insider Russell Blake
Role EVP, Operations
Sold 239 shs ($42K)
Type Security Shares Price Value
Sale Common Stock 239 $176.417 $42K
Holdings After Transaction: Common Stock — 27,901 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares sold 239 shares Open-market sale on June 10, 2026
Sale price $176.417 per share Average sale price for the 239 shares
Post-transaction holdings 27,901 shares Common stock held directly after the sale
Net shares sold 239 shares Net share change from this Form 4
Vesting date of performance RSUs June 6, 2026 Restricted stock units that triggered tax withholding
performance-based restricted stock units financial
"in connection with the settlement of performance-based restricted stock units that vested on June 6, 2026"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
tax withholding obligations financial
"represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"The sale reported on this Form 4 represents shares sold by the Reporting Person"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Russell Blake
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, Operations
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/10/2026S(1)239D$176.41727,901D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of performance-based restricted stock units that vested on June 6, 2026.
/s/ Mark Hoyla, Attorney-in-Fact for Blake Russell06/11/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Nexstar Media Group (NXST) report for Russell Blake?

Nexstar Media Group reported that EVP of Operations Russell Blake sold 239 shares of common stock. The transaction occurred on June 10, 2026, at an average price of $176.417 per share, as disclosed in a Form 4 insider trading report filed with regulators.

Why did Russell Blake sell Nexstar Media Group (NXST) shares in this Form 4?

The filing explains that Russell Blake’s sale was executed to cover tax withholding obligations. These obligations arose from performance-based restricted stock units that vested on June 6, 2026, making the transaction more of a compensation-related tax event than a discretionary portfolio decision.

How many Nexstar Media Group (NXST) shares did Russell Blake sell and at what price?

Russell Blake sold 239 shares of Nexstar Media Group common stock. The reported average sale price was $176.417 per share in an open-market transaction, according to the Form 4, which classifies the trade under the standard “S” sale transaction code.

How many Nexstar Media Group (NXST) shares does Russell Blake own after this transaction?

Following the reported sale, Russell Blake directly owns 27,901 shares of Nexstar Media Group common stock. This post-transaction holding figure in the Form 4 shows that the 239-share sale represents a small portion of his overall equity position in the company.

What type of compensation is mentioned in the Nexstar Media Group (NXST) Form 4 footnote?

The footnote references performance-based restricted stock units that vested on June 6, 2026. These RSUs are equity awards tied to performance conditions, and the sale of 239 shares was used to satisfy associated tax withholding obligations when the units settled into common stock.