NXST NEXSTAR MEDIA GROUP, INC.
Price Chart
Executive Summary
Multiple NXST insiders, including four division presidents and the CFO, collectively sold $637K in open-market shares during a 7-day window, with 8 out of 8 designated open-market trades being sells. The cluster is notable for its broad C-suite participation, but the total dollar value represents only ~0.012% of NXST's $5.5B market cap, well below the 0.1% materiality threshold, making this a routine liquidity-driven event. The simultaneous option exercises by several executives preceding the sales suggest these are standard cashless exercises for tax obligations, not a coordinated bearish signal.
Key Financial Metrics
Actionable Insight
The cluster's small size relative to market cap and the concurrent tax-motivated derivative exercises point to routine portfolio diversification, not a material bearish read. Per academic literature, cluster sells carry weak predictive power, and the C-suite participation here is likely driven by shared blackout-window activity. No actionable trading signal for NXST equity.
Key Facts
- 8 insiders sold open-market shares totaling ~$637K in a 7-day window.
- Total open-market sales represent ~0.012% of NXST's $5.5B market cap.
- C-suite participants include division presidents (Broadcasting, Networks), the EVP/CFO, and the COO.
- Multiple executives simultaneously exercised $0-strike derivatives on the same dates, typical of planned option exercises tied to tax withholding.
- No open-market purchases were reported in the cluster; every cash transaction was a sale.
- Director McMillen's $180K sale on June 9 was the largest single trade at $180/share.
Financial Impact
Total insider open-market sales of ~$637K, or ~0.012% of market cap.
Risk Factors
- Broad insider selling could be misinterpreted by the market as a negative signal.
- If a material adverse event follows (not currently indicated), the sales would appear poorly timed.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NXST-1781126814691 |
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
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Insider Cluster
| $182.05 awaiting T+1 | awaiting T+1 | — | $174.50 (−4.15%) |
US Market Status
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