WEITMAN GARY 4

What Happened

• Gary Weitman, EVP and Chief Communications Officer of Nexstar Media Group (NXST), had 656 time‑based RSUs convert into common shares on June 14, 2026. To satisfy tax-withholding obligations tied to that RSU settlement, 261 of the resulting shares were sold in the open market on June 16, 2026 at $170.81 each for proceeds of $44,581. The Form 4 also shows 656 shares reported as disposed on June 14 in connection with the RSU settlement (reported at $0.00 as a derivative transaction).

Key Details

• Transaction dates: RSU conversion/exercise on 2026-06-14; open-market sale on 2026-06-16.
• Sale: 261 shares sold at $170.81 per share, net proceeds $44,581.
• RSU conversion: 656 RSUs converted to shares on 2026-06-14 (per footnote).
• Other disposition: 656 shares reported disposed on 2026-06-14 as a derivative transaction at $0.00 (related to RSU settlement/withholding).
• Shares owned after transaction: not specified in this Form 4.
• Footnotes: F1 explains each RSU converts to one share at vesting; F2 details the original 2,625 RSU award and vesting schedule (656/657/656/656); F3 states the open‑market sale was to cover tax withholding due to the RSU vesting.
• Filing: Form 4 was filed on 2026-06-16 for transactions occurring 2026-06-14 and 2026-06-16. No late filing is indicated on the form.

Context

• These entries reflect RSU vesting and routine settlement activity, not an independent market purchase signal. The open‑market sale was used to cover tax obligations tied to the vested RSUs (a common practice often called a cashless or sell-to-cover action). The filings do not indicate a 10% owner or a trading plan (e.g., 10b5-1).