Televisa director reports CPO holdings on Form 3

GRUPO TELEVISA, S.A.B. director Michael T. Fries filed an initial Form 3 reporting his holdings of the company’s CPOs.

Rhea-AI Filing Summary

GRUPO TELEVISA, S.A.B. director Michael T. Fries filed an initial Form 3 reporting his holdings of the company’s CPOs. He reports 605,275 CPOs held directly and an additional position through a director Stock Purchase Plan.

The Stock Purchase Plan position covers 277,500 underlying CPOs with an exercise price of $0.0900 per CPO. A trust that administers the plan will sell part of these CPOs at vesting to pay the plan price of Ps.1.60 per CPO, delivering the remaining CPOs to him.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider FRIES MICHAEL T

Role Director

Type	Security	Shares	Price	Value
holding	CPOs held in the Stock Purchase Plan	--	--	--
holding	CPOs	--	--	--

Holdings After Transaction: CPOs held in the Stock Purchase Plan — 277,500 contracts (Indirect, Stock Purchase Plan); CPOs — 605,275 shares (Direct)

Footnotes (3)

1. F1. Each Certificado de Participacion Ordinarios ("CPO") represents twenty-five Series "A" Shares, twenty-two Series "B" Shares, thirty-five Series "L" Shares and thirty-five Series "D" Shares of Grupo Televisa, S.A.B.
2. F2. At the date of vesting, the trust that administers the Stock Purchase Plan for Directors, acting on behalf of the reporting person, will sell a portion of these CPOs to pay the price of Ps.1.60 per CPO and deliver the remainder of these CPOs to the reporting person. The reported exercise price was converted into US dollars based on the currency conversion rate of 17.9437 Mexican Pesos per US dollar as of March 13, 2026.
3. F3. Not applicable.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Michael T. Fries report on his Grupo Televisa (TV) Form 3?

He reports his initial beneficial ownership of Grupo Televisa CPOs, including direct and Stock Purchase Plan holdings. This filing establishes his starting position as a director rather than signaling a new purchase or sale of shares.

How many Grupo Televisa (TV) CPOs does Michael T. Fries hold directly?

He reports direct ownership of 605,275 CPOs. This figure reflects his personal holdings outside the director Stock Purchase Plan and forms part of his overall economic exposure to Grupo Televisa as disclosed in the Form 3 filing.

What is disclosed about Michael T. Fries’ Stock Purchase Plan in Grupo Televisa (TV)?

He has an indirect position in CPOs through the director Stock Purchase Plan, covering 277,500 underlying CPOs. These are administered by a trust that handles vesting, payment of the plan price, and eventual delivery of remaining CPOs to him.

What is the exercise price for Michael T. Fries’ Stock Purchase Plan CPOs at Grupo Televisa (TV)?

The reported exercise price is $0.0900 per CPO, derived from a plan price of Ps.1.60 converted using a stated exchange rate. This price applies to the 277,500 underlying CPOs in the director Stock Purchase Plan.

How will the Grupo Televisa (TV) Stock Purchase Plan CPOs be settled for Michael T. Fries?

At vesting, the administering trust will sell part of the CPOs to pay the Ps.1.60 per CPO plan price. The remaining CPOs will then be delivered to Michael T. Fries, giving him net share ownership after the purchase price is covered.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/18/2026 - 08:31 PM EDT Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

FRIES MICHAEL T

(Last) (First) (Middle)

C/O LIBERTY GLOBAL, INC.

1550 WEWATTA STREET STE 1000

(Street)

DENVER COLORADO 80202

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
GRUPO TELEVISA, S.A.B. [ TV ]

3a. Foreign Trading Symbol

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

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

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

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)
CPOs(1)	605,275	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
CPOs held in the Stock Purchase Plan(1)(2)	04/10/2026	(3)	CPOs(1)(2)	277,500	$0.09(2)	I	Stock Purchase Plan(2)

Explanation of Responses:

1. Each Certificado de Participacion Ordinarios ("CPO") represents twenty-five Series "A" Shares, twenty-two Series "B" Shares, thirty-five Series "L" Shares and thirty-five Series "D" Shares of Grupo Televisa, S.A.B.

2. At the date of vesting, the trust that administers the Stock Purchase Plan for Directors, acting on behalf of the reporting person, will sell a portion of these CPOs to pay the price of Ps.1.60 per CPO and deliver the remainder of these CPOs to the reporting person. The reported exercise price was converted into US dollars based on the currency conversion rate of 17.9437 Mexican Pesos per US dollar as of March 13, 2026.

3. Not applicable.

	/s/ Michael T. Fries	03/18/2026
	** 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.
* Form 3: SEC 1473 (03-26)