NEXSTAR Insider Michael Biard Files Form 4 on Ownership Changes

TL;DR

**NEXSTAR insider Michael Biard just filed a Form 4, signaling a change in his stock ownership.**

AI Summary

This Form 4 filing, dated March 23, 2026, indicates that Michael Biard, an insider at NEXSTAR MEDIA GROUP, INC., has filed a statement of changes in beneficial ownership of securities. While the filing itself doesn't detail specific transactions, it signals that Biard's ownership stake in Nexstar may have changed as of the report period, March 19, 2026. This matters to investors because insider transactions can sometimes provide clues about the company's future prospects, as insiders typically have a deeper understanding of the company's health.

Why It Matters

This filing alerts investors to potential changes in an insider's stake, which can be a signal of their confidence in the company's future performance. Monitoring these filings helps investors track insider sentiment.

Risk Assessment

Risk Level: low — This filing is purely administrative, reporting a change in ownership, and does not inherently indicate a high risk.

Analyst Insight

A smart investor would note this filing and then look for the specific transaction details within the full Form 4 document to understand if Biard bought or sold shares, and in what quantity, to gauge insider sentiment.

Key Players & Entities

• Biard Michael (person) — Reporting Person, insider at NEXSTAR MEDIA GROUP, INC.
• NEXSTAR MEDIA GROUP, INC. (company) — Issuer of the securities
• 0001990398 (person) — CIK for Biard Michael
• 0001142417 (company) — CIK for NEXSTAR MEDIA GROUP, INC.

FAQ

Filing Documents

• ownership.html (4)
• ownership.xml (4) — 4KB
• 0001990398-26-000003.txt ( ) — 6KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).    Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * Biard Michael (Last) (First) (Middle) C/O NEXSTAR MEDIA GROUP, INC. 545 E. JOHN CARPENTER FREEWAY, SUITE 700 (Street) IRVING TEXAS 75062 (City) (State) (Zip) UNITED STATES (Country) 2. Issuer Name and Ticker or Trading Symbol NEXSTAR MEDIA GROUP, INC. [ NXST ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) President & COO 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/19/2026 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Units (1) 03/19/2026 A 7,500 (2) (2) Common Stock 7,500 $ 0 7,500 D Explanation of Responses: 1. Each restricted stock unit ("RSU") is converted into one share of Nexstar's Common Stock, subject to the Reporting Person's continued service through the applicable vesting date. 2. 7,500 RSUs were awarded on March 19, 2026, of which 2,500 RSUs vest at each anniversary of the award through March 19, 2029. /s/ Mark Hoyla, Attorney-in-Fact for Michael Biard 03/23/2026 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. * Form 4: SEC 1474 (03-26)

View Full Filing

View this 4 filing on SEC EDGAR