The insider sales are too small to signal material bearish conviction. Monitor for any larger cluster or C-suite sales above 0.5% of market cap, which would warrant closer attention. NXST's strong analyst consensus (86% bullish) and positive historical call performance suggest the stock's upward trend remains intact.
Price Chart
Executive Summary
Two Nexstar insiders — President of Networks Sean Compton and an executive — sold a combined $1.03M in open-market sales over a 5-day window. President & COO Michael Biard also sold $185K in a separate transaction, while exercising non-cash derivatives. The cluster is modest relative to NXST's $5.7B market cap (~0.02%), and the sales are likely liquidity-driven given the small dollar amounts and Biard's concurrent option exercises. No material negative signal is warranted.
Key Financial Metrics
Key Facts
- Sean Compton (President, Networks) sold 5,000 shares at ~$196 for $980K on 2026-05-19
- Dan Lanzano sold 237 shares at ~$196 for $47K on 2026-05-18
- Michael Biard (President & COO) sold 989 shares at ~$187 for $185K on 2026-05-27
- Biard also exercised 5,000 derivative shares at $0 (non-cash) on 2026-05-23
- Total cluster value of $1.03M represents ~0.02% of NXST's $5.7B market cap
- No 10b5-1 plan designation noted; sales are small and likely routine
Financial Impact
Total insider sales of $1.03M, or ~0.02% of market cap — trivial relative to company size
Risk Factors
- Insider sales could precede a negative catalyst, though dollar amounts are too small to be predictive
- Biard's option exercises and concurrent sale may indicate personal liquidity needs, not company outlook
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-1779921395716 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $167.34 | awaiting T+20 | — | $167.34 (−0.00%) |
Oct 13, 2026 13d ago | Press Release | $160.56 | awaiting T+20 | — | $167.34 (+4.22%) |
Aug 24, 2026 9w ago | Insider Cluster | $189.39 $165.57 | ▼ −12.58% | ▼ −12.83% | $167.34 (−11.64%) |
Aug 17, 2026 10w ago | Court Ruling | $182.57 $163.67 | ▼ −10.35% | ▼ −8.61% | $167.34 (−8.34%) |
Aug 6, 2026 11w ago | 8-K | $187.97 $177.67 | ▼ −5.48% | ▼ −6.08% | $167.34 (−10.98%) |
Aug 3, 2026 12w ago | 8-K | $192.49 $181.14 | ▼ −5.90% | ▼ −7.14% | $167.34 (−13.07%) |
Jun 30, 2026 17w ago | Court Ruling | $178.59 $185.80 | ▲ +4.04% | ▲ +5.07% | $167.34 (−6.30%) |
Jun 29, 2026 17w ago | Insider Buy | $170.73 $183.31 | ▲ +7.37% | ▲ +7.65% | $167.34 (−1.99%) |
Jun 16, 2026 18w ago | 8-K | $172.11 $175.56 | ▲ +2.00% | ▲ +1.80% | $167.34 (−2.77%) |
Jun 15, 2026 19w ago | Insider Cluster | $172.29 $175.46 | ▲ +1.84% | ▲ +2.59% | $167.34 (−2.87%) |
US Market Status
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