Michael Larson (NYSE: FMX) reports 65,000 BD Units held via ADRs

Rhea-AI Filing Summary

Mexican Economic Development Inc. director Michael Larson filed an initial ownership report showing direct holdings of 65,000 BD Units. The securities are held as American Depositary Shares, where each ADR represents 10 BD Units, and each BD Unit is a bundle of different series of FMX shares.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

LARSON MICHAEL

(Last) (First) (Middle)

AVENIDA GENERAL AYALA 601

BELLA VISTA

(Street)

MONTERREY O5 64410

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

3. Issuer Name and Ticker or Trading Symbol
MEXICAN ECONOMIC DEVELOPMENT INC [ FMX ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
BD Units	65,000(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The securities reported herein are held in the form of American Depositary Shares, evidenced by American Depositary Receipts (ADRs). Each ADR represents 10 BD Units. Each BD Unit consists of one Series B Share, two Series D-B Shares and two Series D-L Shares (BD Unit), without par value ("Series D-B Shares" and "Series D-L Shares", respectively).

Remarks:

	Sergio Rodriguez Perez, Attorney in Fact	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does Michael Larson report owning in FEMSA (FMX) on this Form 3?

Michael Larson reports direct ownership of 65,000 BD Units of Mexican Economic Development Inc. These holdings are reported as his initial beneficial ownership position as a director of the company, with no new purchase or sale activity disclosed.

How are Michael Larson’s FMX BD Units held according to the Form 3?

The filing states that the securities are held as American Depositary Shares, evidenced by American Depositary Receipts. Each ADR represents 10 BD Units, giving investors a U.S.-traded instrument backed by bundles of FEMSA shares.

What is inside each BD Unit reported by Michael Larson in FMX?

Each BD Unit consists of one Series B Share, two Series D-B Shares and two Series D-L Shares of Mexican Economic Development Inc., all without par value. This unit structure is specified directly in the ownership footnote.

Does this FMX Form 3 show Michael Larson buying or selling shares?

No buy or sell transactions are shown. The Form 3 is an initial statement of beneficial ownership listing 65,000 BD Units held directly, rather than reporting a new purchase, sale, or option exercise in FEMSA securities.

Is Michael Larson’s ownership in FMX direct or indirect on this Form 3?

The filing classifies the 65,000 BD Units as direct ownership, using the code "D" for the nature of ownership. No trusts, LLCs, or other intermediary entities are referenced in the provided footnote for these securities.