NXST NEXSTAR MEDIA GROUP, INC.
Price Chart
Executive Summary
Insiders at Nexstar Media Group engaged in a cluster of open-market sales totaling ~$637K (including director McMillen's sale on June 9) and a separate set of derivative exercises worth $0 on June 6-8. At a $5.5B market cap, the aggregate selling amounts to ~0.012% of market cap, well below materiality thresholds. The derivative exercises are non-cash and non-economic. The selling pattern appears consistent with routine tax-withholding and liquidity diversification — no evidence of informed bearish conviction.
Key Financial Metrics
Actionable Insight
Insider selling is too small in absolute and relative terms to warrant a bearish read. The derivative exercises are cashless and create no market pressure. Focus on Nexstar's upcoming earnings and capital allocation decisions for the next signal. Monitor for any up-tick in insider buying, which would carry more informational weight.
Key Facts
- 8 insiders sold shares on June 4 at ~$182.42, totaling ~$603K; Director McMillen sold $180K on June 9
- 6 insiders exercised derivatives for net $0 on June 6-8 (non-cash, non-economic)
- Total open-market selling of ~$783K is ~0.014% of $5.5B market cap — trivial proportion
- No insider purchases were made; cluster is entirely sell-side
- Selling amounts per executive ($47K-$79K) are small relative to typical compensation and likely tied to tax withholding / vesting cycles
Financial Impact
Total insider selling of ~$783K represents ~0.014% of NXST's $5.5B market cap — economically negligible
Risk Factors
- Insiders could accelerate selling if fundamentals deteriorate, but current activity shows no such pattern
- The TV broadcasting ad market faces secular headwinds (cord-cutting, digital shift) — this insider cluster does not provide evidence for or against that thesis
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NXST-1781126414824 |
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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