NEXSTAR Insider Morgan Rachel Files Form 4 on Ownership Change

TL;DR

**Insider Morgan Rachel filed a Form 4 for NEXSTAR, signaling a change in her ownership.**

AI Summary

This Form 4 filing indicates that Morgan Rachel, an insider at NEXSTAR MEDIA GROUP, INC., filed a Statement of Changes in Beneficial Ownership of Securities on March 23, 2026, for a reporting period of March 19, 2026. While the filing itself doesn't detail specific transactions (like buys or sells), it signals a change in her ownership status that will be disclosed in the full document. This matters to investors because insider activity can provide clues about management's confidence in the company's future performance.

Why It Matters

Insider filings like this can signal management's sentiment about the company's stock, which can influence investor perception and stock price.

Risk Assessment

Risk Level: low — This filing is purely administrative and does not inherently indicate a positive or negative event without transaction details.

Analyst Insight

A smart investor would await the full document to understand the specific transactions (e.g., buy, sell, grant) detailed in the Form 4 before making any investment decisions based on this filing.

Key Players & Entities

• Morgan Rachel (person) — Reporting Person
• NEXSTAR MEDIA GROUP, INC. (company) — Issuer
• 0001935291 (person) — CIK for Morgan Rachel
• 0001142417 (company) — CIK for NEXSTAR MEDIA GROUP, INC.

FAQ

Filing Documents

• ownership.html (4)
• ownership.xml (4) — 4KB
• 0001935291-26-000002.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 * Morgan Rachel (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) EVP General Counsel 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 2,250 (2) (2) Common Stock 2,250 $ 0 2,250 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. 2,250 RSUs were awarded on March 19, 2026, of which 750 RSUs vest at each anniversary of the award through March 19, 2029. /s/ Mark Hoyla, Attorney-in-Fact for Rachel Morgan 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