NXST NEXSTAR MEDIA GROUP, INC.
Price Chart
Executive Summary
A cluster of 8 NXST insiders (including the CFO and multiple EVPs) executed open-market sales totaling $511K on June 4, 2026, immediately following a wave of option exercises on June 3-6. While the CFO selling alongside divisional presidents is noteworthy, the total dollar value represents just ~0.009% of NXST's $5.4B market cap — well below the 0.1% materiality threshold. The sales are likely routine tax- and diversification-related dispositions following option exercises, not a coordinated bearish signal.
Key Financial Metrics
Actionable Insight
The selling cluster is proportional to routine option-exercise monetization, not a material bearish signal. Monitor the next 10-Q for any fundamental deterioration or guidance revision, but this filing alone does not warrant a trading position. The 86% bullish analyst consensus offers a competing view.
Key Facts
- 8 insiders sold open-market on June 4, 2026, total $511K
- Sales followed large option exercises on June 3-6 by 7 of the same insiders (non-cash)
- CFO Gliha sold $47K; EVP of Broadcasting Alford sold $67K; EVP of Operations Russell sold $58K
- Total open-market sales equal ~0.009% of NXST's $5.4B market cap
- No insider open-market buys were reported in the same window
- Prior 30 days: 6 sells totaling $523K — pattern consistent with routine option monetization
Financial Impact
$511K in open-market insider selling, 0.009% of market cap — trivial in proportional terms
Risk Factors
- Ongoing insider selling pattern: 12 sales totaling $1.03M over the past 37 days, though still below materiality threshold
- Options exercises add ~14,000 shares to insider holdings, diluting the float modestly over time
- If upcoming earnings disappoint, the clustered post-exercise selling could be retrospectively viewed as informed
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NXST-1781046494591 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
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Jun 11, 2026
1d ago
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Insider Cluster
| $174.40 awaiting T+1 | awaiting T+1 | — | $174.50 (+0.06%) |
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Jun 11, 2026
1d ago
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Insider Cluster
| $174.40 awaiting T+1 | awaiting T+1 | — | $174.50 (+0.06%) |
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Jun 11, 2026
1d ago
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Insider Cluster
| $174.40 awaiting T+1 | awaiting T+1 | — | $174.50 (+0.06%) |
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Jun 11, 2026
1d ago
|
Insider Cluster
| $174.40 awaiting T+1 | awaiting T+1 | — | $174.50 (+0.06%) |
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Jun 11, 2026
1d ago
|
Insider Cluster
| $174.40 awaiting T+1 | awaiting T+1 | — | $174.50 (+0.06%) |
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Jun 11, 2026
1d ago
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Insider Cluster
| $174.40 awaiting T+1 | awaiting T+1 | — | $174.50 (+0.06%) |
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Jun 9, 2026
3d ago
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Insider Cluster
| $179.36 awaiting T+1 | awaiting T+1 | — | $174.50 (−2.71%) |
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Jun 9, 2026
3d ago
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Insider Cluster
| $179.36 awaiting T+1 | awaiting T+1 | — | $174.50 (−2.71%) |
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Jun 5, 2026
7d ago
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Insider Cluster
| $182.05 awaiting T+1 | awaiting T+1 | — | $174.50 (−4.15%) |
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Jun 5, 2026
7d ago
|
Insider Cluster
| $182.05 awaiting T+1 | awaiting T+1 | — | $174.50 (−4.15%) |
US Market Status
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