Biard Michael 4

What Happened

• Michael Biard, President & COO of Nexstar Media Group (NXST), disposed of 1,227 shares on June 12, 2026. The shares were sold at $174.21 per share for a total proceeds value of approximately $213,750. The filing indicates the sale was to cover tax withholding obligations tied to performance-based restricted stock units that vested on June 8, 2026.

Key Details

• Transaction date and price: 2026-06-12 — 1,227 shares sold at $174.21 per share.
• Total proceeds: ~$213,750.
• Reason/footnote: Footnote F1 — sale made to cover tax withholding for performance-based RSUs that vested June 8, 2026.
• Filing date and timeliness: Form 4 filed 2026-06-15 (timely; within required reporting window).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.

Context

• This was a sale to satisfy tax-withholding obligations tied to vested RSUs, a routine administrative transaction rather than a new purchase signal. Such sales are common following vesting events and do not, by themselves, indicate a change in the insider’s view of the company.