This insider cluster is routine and non-informative. The sales are tied to option exercises and are trivial relative to market cap. No bearish signal. Monitor for any material change in insider behavior (e.g., large unplanned sales by C-suite) but no action warranted here.
Price Chart
Executive Summary
Eleven NXST insiders, including the CFO, President & COO, and multiple EVPs, sold shares totaling $853K in open-market transactions over a 7-day window ending June 3, 2026. The sales follow a pattern of derivative exercises on June 3 (non-cash, $0 value) where insiders exercised options and immediately sold a portion of the resulting shares, consistent with a tax-covering or cashless-exercise strategy. The total value represents ~0.015% of NXST's $5.5B market cap, which is trivial and routine. The cluster is not informative of a bearish view — the sales are liquidity-driven, tied to option exercises, and immaterial relative to company size.
Key Financial Metrics
Key Facts
- 11 insiders sold a total of $853K in open-market sales over 7 days (May 27–June 3, 2026)
- Sales represent ~0.015% of NXST's $5.5B market cap — trivial and routine
- On June 3, 7 insiders exercised derivatives (non-cash, $0 value) and sold shares the next day at $182.41, consistent with cashless exercise / tax-covering
- Key sellers include CFO Lee Ann Gliha ($139K + $47K), President & COO Michael Biard ($185K), and President of Broadcasting Andrew Alford ($112K + $67K)
- No single insider sold more than $185K; all sales are small relative to their likely holdings
- Prior 30-day insider activity showed 7 sells totaling $457K — this cluster is a continuation of routine pattern
Financial Impact
Total insider sales of $853K, or ~0.015% of market cap — immaterial
Risk Factors
- No material risk identified from this filing
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-1780703897489 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $167.34 | awaiting T+20 | — | $166.52 (−0.49%) |
Oct 13, 2026 14d ago | Press Release | $160.56 | awaiting T+20 | — | $166.52 (+3.71%) |
Aug 24, 2026 9w ago | Insider Cluster | $189.39 $165.57 | ▼ −12.58% | ▼ −12.83% | $166.52 (−12.08%) |
Aug 17, 2026 10w ago | Court Ruling | $182.57 $163.67 | ▼ −10.35% | ▼ −8.61% | $166.52 (−8.79%) |
Aug 6, 2026 11w ago | 8-K | $187.97 $177.67 | ▼ −5.48% | ▼ −6.08% | $166.52 (−11.41%) |
Aug 3, 2026 12w ago | 8-K | $192.49 $181.14 | ▼ −5.90% | ▼ −7.14% | $166.52 (−13.49%) |
Jun 30, 2026 17w ago | Court Ruling | $178.59 $185.80 | ▲ +4.04% | ▲ +5.07% | $166.52 (−6.76%) |
Jun 29, 2026 17w ago | Insider Buy | $170.73 $183.31 | ▲ +7.37% | ▲ +7.65% | $166.52 (−2.47%) |
Jun 16, 2026 18w ago | 8-K | $172.11 $175.56 | ▲ +2.00% | ▲ +1.80% | $166.52 (−3.25%) |
Jun 15, 2026 19w ago | Insider Cluster | $172.29 $175.46 | ▲ +1.84% | ▲ +2.59% | $166.52 (−3.35%) |
US Market Status
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