D. GEOFFREY ARMSTRONG - 03 Jun 2023 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role: Director
Signature: /s/ Mark Hoyla, Attorney-in-Fact for Geoffrey Armstrong
Issuer symbol: NXST
Transactions as of: 03 Jun 2023
Net transactions value: +$117,578
Form type: 4
Filing time: 06 Jun 2023, 17:11:43 UTC
Previous filing: 12 Apr 2023
Next filing: 16 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXST	Common Stock	Options Exercise	$117,578	+750	+5.2%	$156.77	15,125	03 Jun 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NXST	Restricted Stock Units	Options Exercise	$0	-750	-55%	$0.000000	625	03 Jun 2023	Common Stock	750		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As restricted stock units ("RSUs") vest, they are converted into shares of Common Stock on a one-for-one basis at the vesting date.
F2	750 RSUs were awarded on June 3, 2022, all of which are fully vested on June 3, 2023.
F3	The RSUs have no expiration. However, any and all unvested portion of RSUs shall be forfeited and cancelled should the awardee's employment terminate for any reason other than a company change of control.