ZIMMER DANA 4

What Happened
Dana Zimmer, President, Distribution & Strategy at Nexstar Media Group (NXST), had 938 time‑based RSUs convert into common shares on June 3, 2026 (reported as an exercise/conversion of a derivative). On June 4, 2026 she sold 433 of those shares in an open‑market transaction at $182.42 per share, generating proceeds of $78,986. The conversion is reported at $0 per share because these were RSUs that vested rather than an out‑of‑pocket purchase.

Key Details

• Transaction types: conversion of RSUs to stock (code M) on 2026‑06‑03; open‑market sale (code S) on 2026‑06‑04.
• Sale price: 433 shares @ $182.42 = $78,986 (approx.). Conversion recorded as 938 shares @ $0.00.
• Of the 938 vested shares, 433 were sold to cover tax withholding; the remaining 505 shares from this vesting were retained.
• Footnotes: F1/F2/F3 explain these were time‑based RSUs granted June 3, 2022 (3,750 total) with annual vesting tranches (937/938/937/938), and the sale was to cover tax withholding on the 6/3/2026 vesting.
• Filing: Form 4 filed 2026‑06‑05 for transactions on 6/3 and 6/4 — appears to be filed within the normal two‑business‑day window.

Context
This was a routine RSU vesting and a partial sale to meet tax withholding obligations (common practice). The conversion of RSUs (derivative settlement) followed by a sale to cover taxes is not the same as an outright investment purchase and is typically administrative rather than a directional bet on the stock.