The insider selling cluster is too small relative to market cap to warrant a bearish read-through. Monitor next quarterly earnings (likely late July/early August) for any guidance changes, but this filing alone does not signal material deterioration.
Price Chart
Executive Summary
11 insiders at Nexstar Media Group sold a total of $853K in shares over a 7-day window, including the CFO, President & COO, and other senior executives. The cluster is dominated by open-market sales, with no material purchases, and the dollar value represents approximately 0.02% of the company's $5.5B market cap — a trivial amount. The sales are likely routine portfolio diversification or tax-related, given the small size and lack of any bearish catalyst in recent filings.
Key Financial Metrics
Key Facts
- 11 insiders sold shares totaling $853K over 7 days (May 27–June 3, 2026)
- Sales include CFO Lee Ann Gliha ($139K), President & COO Michael Biard ($185K), and President of Broadcasting Andrew Alford ($112K)
- Total sales represent ~0.02% of Nexstar's $5.5B market cap — well below the 0.1% materiality threshold
- No open-market purchases were reported in the cluster; all transactions were sales
- Two non-cash derivative exercises by CFO Gliha on June 3 (657 shares at $0 each) have no economic impact
Financial Impact
Total insider sales of $853K, or ~0.02% of market cap — immaterial relative to company size
Risk Factors
- Insider sales could accelerate if management anticipates headwinds in advertising or retransmission revenue
- No purchases to offset selling — lack of insider conviction may weigh on sentiment if broader market turns negative
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NXST-1780702677464 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $167.34 | awaiting T+20 | — | $164.75 (−1.55%) |
Oct 13, 2026 13d ago | Press Release | $160.56 | awaiting T+20 | — | $164.75 (+2.61%) |
Aug 24, 2026 9w ago | Insider Cluster | $189.39 $165.57 | ▼ −12.58% | ▼ −12.83% | $164.75 (−13.01%) |
Aug 17, 2026 10w ago | Court Ruling | $182.57 $163.67 | ▼ −10.35% | ▼ −8.61% | $164.75 (−9.76%) |
Aug 6, 2026 11w ago | 8-K | $187.97 $177.67 | ▼ −5.48% | ▼ −6.08% | $164.75 (−12.35%) |
Aug 3, 2026 12w ago | 8-K | $192.49 $181.14 | ▼ −5.90% | ▼ −7.14% | $164.75 (−14.41%) |
Jun 30, 2026 17w ago | Court Ruling | $178.59 $185.80 | ▲ +4.04% | ▲ +5.07% | $164.75 (−7.75%) |
Jun 29, 2026 17w ago | Insider Buy | $170.73 $183.31 | ▲ +7.37% | ▲ +7.65% | $164.75 (−3.50%) |
Jun 16, 2026 18w ago | 8-K | $172.11 $175.56 | ▲ +2.00% | ▲ +1.80% | $164.75 (−4.28%) |
Jun 15, 2026 19w ago | Insider Cluster | $172.29 $175.46 | ▲ +1.84% | ▲ +2.59% | $164.75 (−4.38%) |
US Market Status
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