The cluster is fully consistent with routine equity-compensation cycles (option exercises followed by same-day sales for tax coverage or diversification). No negative signal. Monitor the next 8-K for any material operational news, but this insider activity alone does not warrant a trading action.
Price Chart
Executive Summary
Eight NXST insiders, including the CFO and multiple EVPs, collectively sold $511K of stock on June 4 at ~$182/share. The sales are small relative to the company's $5.5B market cap (under 0.01%) and cluster on a single day, likely driven by a shared vesting/blackout-window event. Non-cash derivative exercises by the same insiders on June 6-8 confirm a routine equity-compensation cycle rather than informed selling.
Key Financial Metrics
Key Facts
- 8 insiders sold total of $511K in open-market transactions on June 4, 2026
- Transactions cluster at $182.42/share, suggesting coordinated execution around a vesting event
- Sales represent ~0.009% of NXST's $5.5B market cap — trivial
- 4 insiders exercised derivative securities at $0 in the following days (June 6-8), consistent with routine option exercises
- A director sold $180K separately on June 9, but that is also small relative to market cap
- CFO Gliha Lee Ann sold $47K; President of Broadcasting Alford sold $67K; President of Networks Compton sold $76K
Financial Impact
Total insider open-market sales of $511,000, which is ~0.009% of the $5.5B market cap. Immaterial.
Risk Factors
- If the company reports weak Q2 earnings in late July/August, the modest insider sell-off could be viewed in hindsight as preemptive, but there is no evidence of that now.
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-1781125982924 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $167.34 | awaiting T+20 | — | $165.98 (−0.82%) |
Oct 13, 2026 14d ago | Press Release | $160.56 | awaiting T+20 | — | $165.98 (+3.37%) |
Aug 24, 2026 9w ago | Insider Cluster | $189.39 $165.57 | ▼ −12.58% | ▼ −12.83% | $165.98 (−12.36%) |
Aug 17, 2026 10w ago | Court Ruling | $182.57 $163.67 | ▼ −10.35% | ▼ −8.61% | $165.98 (−9.09%) |
Aug 6, 2026 11w ago | 8-K | $187.97 $177.67 | ▼ −5.48% | ▼ −6.08% | $165.98 (−11.70%) |
Aug 3, 2026 12w ago | 8-K | $192.49 $181.14 | ▼ −5.90% | ▼ −7.14% | $165.98 (−13.77%) |
Jun 30, 2026 17w ago | Court Ruling | $178.59 $185.80 | ▲ +4.04% | ▲ +5.07% | $165.98 (−7.06%) |
Jun 29, 2026 17w ago | Insider Buy | $170.73 $183.31 | ▲ +7.37% | ▲ +7.65% | $165.98 (−2.79%) |
Jun 16, 2026 18w ago | 8-K | $172.11 $175.56 | ▲ +2.00% | ▲ +1.80% | $165.98 (−3.56%) |
Jun 15, 2026 19w ago | Insider Cluster | $172.29 $175.46 | ▲ +1.84% | ▲ +2.59% | $165.98 (−3.67%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers