Wells Royce A. 4

What Happened
Royce A. Wells, a director of Nexstar Media Group, sold 825 shares of NXST common stock in an open-market transaction on March 27, 2026. The shares were sold at $212.76 per share for total proceeds of $175,528. This was a sale (disposition) and, unlike purchases, does not generally signal insider confidence in the company by itself.

Key Details

• Transaction date & price: March 27, 2026 — 825 shares sold at $212.76 per share (total $175,528).
• Form 4 filed: March 31, 2026 (reports the March 27 transaction).
• Shares owned after transaction: The filing notes 1,445 shares held by the Wells Family Trust dated September 8, 2009 (footnote indicates Mr. Wells’ spouse is the beneficial owner). The Form 4 does not disclose other beneficial holdings for Mr. Wells.
• Footnote: F1 — "The 1,445 shares of common stock owned by Wells Family Trust dated September 8, 2009, of which Mr. Wells' spouse is the beneficial owner."
• No 10% owner status or option exercise is indicated in this filing.

Context
Insider sales are often routine (for liquidity, diversification, taxes, etc.) and do not on their own imply negative information about the company. Retail investors should view this single sale as a data point and consider other insider trades, company fundamentals, and market conditions before drawing conclusions. For full details, review the Form 4 on the SEC’s EDGAR system.