The selling cluster is proportional to routine option-exercise monetization, not a material bearish signal. Monitor the next 10-Q for any fundamental deterioration or guidance revision, but this filing alone does not warrant a trading position. The 86% bullish analyst consensus offers a competing view.
Price Chart
Executive Summary
A cluster of 8 NXST insiders (including the CFO and multiple EVPs) executed open-market sales totaling $511K on June 4, 2026, immediately following a wave of option exercises on June 3-6. While the CFO selling alongside divisional presidents is noteworthy, the total dollar value represents just ~0.009% of NXST's $5.4B market cap — well below the 0.1% materiality threshold. The sales are likely routine tax- and diversification-related dispositions following option exercises, not a coordinated bearish signal.
Key Financial Metrics
Key Facts
- 8 insiders sold open-market on June 4, 2026, total $511K
- Sales followed large option exercises on June 3-6 by 7 of the same insiders (non-cash)
- CFO Gliha sold $47K; EVP of Broadcasting Alford sold $67K; EVP of Operations Russell sold $58K
- Total open-market sales equal ~0.009% of NXST's $5.4B market cap
- No insider open-market buys were reported in the same window
- Prior 30 days: 6 sells totaling $523K — pattern consistent with routine option monetization
Financial Impact
$511K in open-market insider selling, 0.009% of market cap — trivial in proportional terms
Risk Factors
- Ongoing insider selling pattern: 12 sales totaling $1.03M over the past 37 days, though still below materiality threshold
- Options exercises add ~14,000 shares to insider holdings, diluting the float modestly over time
- If upcoming earnings disappoint, the clustered post-exercise selling could be retrospectively viewed as informed
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-1781046494591 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $167.34 | awaiting T+20 | — | $165.63 (−1.02%) |
Oct 13, 2026 14d ago | Press Release | $160.56 | awaiting T+20 | — | $165.63 (+3.16%) |
Aug 24, 2026 9w ago | Insider Cluster | $189.39 $165.57 | ▼ −12.58% | ▼ −12.83% | $165.63 (−12.55%) |
Aug 17, 2026 10w ago | Court Ruling | $182.57 $163.67 | ▼ −10.35% | ▼ −8.61% | $165.63 (−9.28%) |
Aug 6, 2026 11w ago | 8-K | $187.97 $177.67 | ▼ −5.48% | ▼ −6.08% | $165.63 (−11.88%) |
Aug 3, 2026 12w ago | 8-K | $192.49 $181.14 | ▼ −5.90% | ▼ −7.14% | $165.63 (−13.95%) |
Jun 30, 2026 17w ago | Court Ruling | $178.59 $185.80 | ▲ +4.04% | ▲ +5.07% | $165.63 (−7.26%) |
Jun 29, 2026 17w ago | Insider Buy | $170.73 $183.31 | ▲ +7.37% | ▲ +7.65% | $165.63 (−2.99%) |
Jun 16, 2026 18w ago | 8-K | $172.11 $175.56 | ▲ +2.00% | ▲ +1.80% | $165.63 (−3.77%) |
Jun 15, 2026 19w ago | Insider Cluster | $172.29 $175.46 | ▲ +1.84% | ▲ +2.59% | $165.63 (−3.87%) |
US Market Status
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