Insider Royce Wells Files Form 4 for Nexstar Media Group

TL;DR

**Insider Royce Wells just filed a Form 4 for Nexstar Media Group, signaling a change in their stock ownership.**

AI Summary

This Form 4 filing, submitted on March 23, 2026, indicates that Royce A. Wells, a reporting insider, has filed a statement of changes in beneficial ownership of securities for NEXSTAR MEDIA GROUP, INC. (Issuer CIK: 0001142417). While the filing itself doesn't detail specific transactions, it signals that Wells, whose CIK is 0001559292, has either bought, sold, or been granted shares of Nexstar Media Group. This matters to investors because insider activity can often be a signal of management's confidence (or lack thereof) in the company's future prospects, potentially influencing stock price.

Why It Matters

This filing alerts investors to potential changes in insider ownership at Nexstar Media Group, which can be a key indicator of future stock performance.

Risk Assessment

Risk Level: low — This filing is purely administrative, indicating a change in ownership without specifying the nature or magnitude of the transaction, thus posing low immediate risk.

Analyst Insight

A smart investor would monitor subsequent filings or news to determine the nature (buy or sell) and size of Royce A. Wells's transaction, as this initial Form 4 only signals a change in ownership without details.

Key Players & Entities

• Royce A. Wells (person) — Reporting Owner
• NEXSTAR MEDIA GROUP, INC. (company) — Issuer
• 0001559292 (person) — CIK for Royce A. Wells
• 0001142417 (company) — CIK for NEXSTAR MEDIA GROUP, INC.
• 2026-03-23 (date) — Filing Date
• 2026-03-19 (date) — Period of Report

FAQ

Filing Documents

• ownership.html (4)
• ownership.xml (4) — 4KB
• 0001193125-26-120276.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 * Wells Royce A. (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) X Director 10% Owner Officer (give title below) Other (specify below) 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 905 (2) (3) Common Stock 905 $ 0 905 D Explanation of Responses: 1. Each time-based restricted stock unit ("RSU") is converted into one share of Nexstar's Common Stock at the vesting date. 2. 905 RSUs were awarded on March 19, 2026, all of which will fully vest on March 19, 2027. 3. The RSUs have no expiration. However, any and all unvested portion of RSUs shall be forfeited and cancelled should the Reporting Person ceases being a director of the Company for any reason other than a company change of control. /s/ Mark Hoyla, Attorney-in-Fact for Royce A. Wells 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)

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View this 4 filing on SEC EDGAR