Nexstar Media Group (NXST) director-linked trust sells 825 shares

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Nexstar Media Group director-related entity reports small share sale. A trust associated with director Royce A. Wells completed an open-market sale of 825 shares of Nexstar Media Group common stock at $212.7612 per share. After this sale, the Wells Family Trust held 1,445 shares, and Wells held 1,123 shares directly. The footnote explains that Mr. Wells’ spouse is the beneficial owner of the trust shares, so the transaction reflects activity in this family trust rather than a direct personal sale by the director.

Insider Trade Summary

Net Seller: 825 shares ($175,528)

Net Sell 2 txns

Insider Wells Royce A.

Role Director

Sold 825 shs ($176K)

Type	Security	Shares	Price	Value
Sale	Common Stock	825	$212.7612	$176K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,445 shares (Indirect, Wells Family Trust dated September 8, 2009); Common Stock — 1,123 shares (Direct)

Footnotes (1)

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Key Figures

Shares sold: 825 shares Sale price: $212.7612 per share Indirect holdings after: 1,445 shares +1 more

4 metrics

Shares sold 825 shares Open-market sale on 2026-03-27

Sale price $212.7612 per share Average price for the 825 shares sold

Indirect holdings after 1,445 shares Held by Wells Family Trust after sale

Direct holdings after 1,123 shares Common stock directly owned by Royce A. Wells

Key Terms

open-market sale, beneficial owner, indirect ownership, Form 4

4 terms

open-market sale financial

"completed an open-market sale of 825 shares of Nexstar Media Group common stock"

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.

beneficial owner financial

"of which Mr. Wells' spouse is the beneficial owner"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

indirect ownership financial

"The Wells Family Trust held 1,445 shares, and Wells held 1,123 shares directly."

Form 4 regulatory

"The sale was reported on Form 4 and reflects trading activity"

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.

Form 4 Insider Transactions: What Each Field Means →

03/31/2026 - 03:17 PM

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^*

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)
03/27/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/27/2026		S		825	D	$212.7612	1,445	I	Wells Family Trust dated September 8, 2009⁽¹⁾
Common Stock								1,123	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The 1,445 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	03/31/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Nexstar Media Group (NXST) report for Royce A. Wells?

Nexstar Media Group reported that a family trust associated with director Royce A. Wells sold 825 common shares in an open-market transaction. The sale was reported on Form 4 and reflects trading activity by the Wells Family Trust, not a direct personal sale.

At what price were the Nexstar Media Group (NXST) shares sold in the Wells Family Trust transaction?

The Wells Family Trust sold 825 Nexstar Media Group common shares at an average price of $212.7612 per share. This price reflects an open-market sale, meaning the trade occurred on the public market rather than through a private agreement or compensation grant.

How many Nexstar Media Group (NXST) shares does the Wells Family Trust hold after the sale?

After the reported sale, the Wells Family Trust held 1,445 shares of Nexstar Media Group common stock. According to the footnote, Mr. Wells’ spouse is the beneficial owner of these trust shares, clarifying that the holdings are indirect and family related.

What are Royce A. Wells’ direct holdings in Nexstar Media Group (NXST) after this Form 4 filing?

Following the reported transactions, Royce A. Wells held 1,123 Nexstar Media Group common shares directly. This figure is separate from the 1,445 shares held indirectly through the Wells Family Trust, providing a clearer picture of his direct equity position.

Who is the beneficial owner of the Wells Family Trust shares in Nexstar Media Group (NXST)?

The filing states that Mr. Wells’ spouse is the beneficial owner of the 1,445 Nexstar Media Group shares held by the Wells Family Trust. This means economic benefits from those trust shares accrue to the spouse, although they are reported in connection with Mr. Wells.