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

Nexstar (NXST) EVP Russell Blake logs RSU vesting and tax-related share sale

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

Rhea-AI Filing Summary

Nexstar Media Group EVP of Operations Russell Blake reported routine equity compensation activity involving company stock. Time-based restricted stock units converted into 656 shares of Common Stock as part of a scheduled vesting on June 14, 2026. To cover related tax withholding obligations, Blake sold 261 shares of Common Stock at $170.81 per share. Following these transactions, he directly holds 28,296 shares of Common Stock and 656 RSUs that are scheduled to vest on June 14, 2027.

Positive

  • None.

Negative

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Insider Russell Blake
Role EVP, Operations
Sold 261 shs ($45K)
Type Security Shares Price Value
Sale Common Stock 261 $170.81 $45K
Exercise Restricted Stock Units 656 $0.00 --
Exercise Common Stock 656 $0.00 --
Holdings After Transaction: Common Stock — 28,296 shares (Direct, null); Restricted Stock Units — 656 shares (Direct, null)
Footnotes (1)
  1. Each time-based 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. 2,625 RSUs were awarded on June 14, 2023, of which, 656, 657 and 656 RSUs vested on June 14, 2024, 2025 and 2026, respectively, and, 656 RSUs will vest on June 14, 2027. 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 RSUs that vested on June 14, 2026.
Shares sold 261 shares Common Stock sold to cover tax withholding
Sale price per share $170.81 per share Price for 261 Common Stock shares sold
Shares after transaction 28,296 shares Direct Common Stock holdings following transactions
RSUs vested 2026 656 RSUs RSUs that vested and converted into Common Stock on June 14, 2026
Total RSU award 2,625 RSUs Time-based RSUs awarded on June 14, 2023
RSUs remaining 656 RSUs RSUs scheduled to vest on June 14, 2027
Restricted Stock Units financial
"security_title": "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
time-based restricted stock unit financial
"Each time-based restricted stock unit ("RSU") is converted into one share"
vesting date financial
"subject to the Reporting Person's continued service through the applicable vesting date"
tax withholding obligations financial
"shares sold by the Reporting Person to cover tax withholding obligations"
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
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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)
06/14/2026		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 Stock06/14/2026M656A(1)(2)28,557D
Common Stock06/16/2026S(3)261D$170.8128,296D
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
Restricted Stock Units(1)06/14/2026M656 (2) (2)Common Stock656$0656D
Explanation of Responses:
1. Each time-based 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. 2,625 RSUs were awarded on June 14, 2023, of which, 656, 657 and 656 RSUs vested on June 14, 2024, 2025 and 2026, respectively, and, 656 RSUs will vest on June 14, 2027.
3. 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 RSUs that vested on June 14, 2026.
/s/ Mark Hoyla, Attorney-in-Fact for Blake Russell06/16/2026
** 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 transactions did Russell Blake report for Nexstar (NXST)?

Russell Blake reported RSU vesting and a related stock sale. 656 restricted stock units converted into Common Stock, and 261 shares were sold to cover tax withholding obligations. The filing reflects scheduled equity compensation rather than a discretionary open-market trading decision.

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

Russell Blake sold 261 shares of Nexstar Common Stock at $170.81 per share. According to the filing, this sale was made specifically to cover tax withholding obligations arising from the settlement of restricted stock units that vested on June 14, 2026.

What RSU vesting did Russell Blake report in the latest Nexstar (NXST) Form 4?

The Form 4 shows 656 restricted stock units vesting and converting into an equal number of Nexstar Common Shares. These RSUs are part of a 2,625-unit grant awarded on June 14, 2023, with vesting scheduled annually from 2024 through 2027, subject to continued service.

How many Nexstar (NXST) shares does Russell Blake hold after these transactions?

After the reported transactions, Russell Blake directly holds 28,296 shares of Nexstar Common Stock. In addition, he retains 656 restricted stock units scheduled to vest on June 14, 2027, completing the vesting of the 2,625-unit award granted in June 2023.

Were Russell Blake’s Nexstar (NXST) stock sales discretionary or for tax withholding?

The filing states the 261-share sale was executed to cover tax withholding obligations tied to vested RSUs. This indicates a tax-related disposition associated with equity compensation, rather than a purely discretionary open-market sale based on a change in view of the company’s prospects.