NXST NEXSTAR MEDIA GROUP, INC.
Price Chart
Executive Summary
Multiple Nexstar Media insiders, including the CFO and other C-suite executives, sold shares on the same day (June 4, 2026) following a wave of derivative exercises on June 3-6. The open-market sales total ~$511K, or ~0.0095% of the $5.4B market cap — a trivial amount relative to company size. The cluster appears entirely driven by tax-withholding share surrender after pre-planned option exercises, not a coordinated bearish signal.
Key Financial Metrics
Actionable Insight
The cluster is overwhelmingly driven by tax-related stock surrender after derivative exercises — a routine pattern with no informational content. Monitor upcoming Q2 2026 earnings (likely late July/August) for any operating guidance changes since insider sales are not signaling distress.
Key Facts
- 6 of the 8 open-market sales occurred on June 4, 2026, at ~$182.42/share, totaling ~$511K in proceeds
- 6 insiders sold — including EVP/CFO Gliha Lee Ann, President of Broadcasting, President of Networks, and other senior VPs
- All June 4 open-market sales followed or coincided with non-cash derivative exercises on June 3 and June 6 (tax-withholding share settlements)
- Total sales represent only ~0.0095% of NXST's $5.4B market cap — far below the 0.1% materiality threshold
- A separate 10b5-1 sale by director McMillen ($180K on June 9) is also routine in size and pattern
Financial Impact
Slightly under $700K in total insider open-market sales over the window; immaterial relative to $5.4B market cap
Risk Factors
- None from this cluster; the sales are trivial and mechanically tied to option vesting/tax withholding
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NXST-1781046873363 |
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
|
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
|
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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