Long-term CPO retention awards reported by Grupo Televisa (TV) executive

Rhea-AI Filing Summary

GRUPO TELEVISA, S.A.B. corporate VP of Finance Carlos Phillips Margain filed an initial ownership report showing indirect interests in Certificados de Participacion Ordinarios (CPOs) held through a Long-Term Retention Plan. The filing lists several derivative awards over CPOs with different exercise prices and maturities.

The positions cover underlying CPOs in blocks of 20,020, 210,240, 923,368 and 1,671,310 CPOs, with exercise prices ranging from $0.09 to $2.14 per CPO and expiration dates from April 2026 through April 2031. Each CPO represents baskets of Series A, B, L and D shares.

Insider Trade Summary

7 transactions reported

Mixed 7 txns

Insider PHILLIPS MARGAIN Carlos

Role Corporate VP of Finance

Type	Security	Shares	Price	Value
holding	CPOs held in Long-Term Retention Plan	--	--	--
holding	CPOs held in Long-Term Retention Plan	--	--	--
holding	CPOs held in Long-Term Retention Plan	--	--	--
holding	CPOs held in Long-Term Retention Plan	--	--	--
holding	CPOs held in Long-Term Retention Plan	--	--	--
holding	CPOs held in Long-Term Retention Plan	--	--	--
holding	CPOs held in Long-Term Retention Plan	--	--	--

Holdings After Transaction: CPOs held in Long-Term Retention Plan — 20,020 shares (Indirect, Long-Term Retention Plan)

Footnotes (1)

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. The reported exercise price was converted into US dollars based on the currency conversion rate of 17.8874 Mexican Pesos per US dollar as of March 20, 2026.

Key Figures

CPO tranche: 20,020 CPOs CPO tranche: 20,020 CPOs CPO tranche: 210,240 CPOs +5 more

8 metrics

CPO tranche 20,020 CPOs Underlying shares for awards expiring April 10, 2026 at $1.37

CPO tranche 20,020 CPOs Underlying shares for awards expiring April 10, 2027 at $1.74

CPO tranche 210,240 CPOs Underlying shares for awards expiring April 10, 2028 at $2.14

Large CPO tranche 923,368 CPOs Underlying shares for awards expiring April 10, 2030 at $0.09

Largest CPO tranche 1,671,310 CPOs Underlying shares for awards expiring April 10, 2031 at $0.09

Lowest exercise price $0.09 per CPO Multiple tranches with expirations in 2029, 2030 and 2031

Highest exercise price $2.14 per CPO Tranche of 210,240 underlying CPOs expiring April 10, 2028

FX rate used 17.8874 MXN per USD Conversion rate for exercise prices as of March 20, 2026

Key Terms

Certificado de Participacion Ordinarios ("CPO"), Long-Term Retention Plan, exercise price, expiration date, +2 more

6 terms

Certificado de Participacion Ordinarios ("CPO") financial

"Each Certificado de Participacion Ordinarios ("CPO") represents twenty-five Series "A" Shares..."

Long-Term Retention Plan financial

"CPOs held in Long-Term Retention Plan"

exercise price financial

"The reported exercise price was converted into US dollars..."

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

expiration date financial

"expiration_date": "2026-04-10T00:00:00.000Z""

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

underlying security financial

"underlying_security_title": "CPOs""

indirect ownership financial

"ownershipType": "indirect""

Understanding Insider Trading Forms →

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^*

PHILLIPS MARGAIN Carlos

(Last) (First) (Middle)

AV. VASCO DE QUIROGA NO. 2000

COLONIA SANTA FE

(Street)

MEXICO CITY 01210

(City) (State) (Zip)

MEXICO

(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
[TLEVISACPO.MX]

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Corporate VP of Finance

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)

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 Long-Term Retention Plan(1)(2)	04/10/2023	04/10/2026	CPOs(1)(2)	20,020	$1.37(2)	I	Long-Term Retention Plan(2)
CPOs held in Long-Term Retention Plan(1)(2)	04/10/2024	04/10/2027	CPOs(1)(2)	20,020	$1.74(2)	I	Long-Term Retention Plan(2)
CPOs held in Long-Term Retention Plan(1)(2)	04/10/2025	04/10/2028	CPOs(1)(2)	210,240	$2.14(2)	I	Long-Term Retention Plan(2)
CPOs held in Long-Term Retention Plan(1)(2)	04/10/2026	04/10/2029	CPOs(1)(2)	210,240	$0.96(2)	I	Long-Term Retention Plan(2)
CPOs held in Long-Term Retention Plan(1)(2)	04/10/2026	04/10/2029	CPOs(1)(2)	210,240	$0.09(2)	I	Long-Term Retention Plan(2)
CPOs held in Long-Term Retention Plan(1)(2)	04/10/2027	04/10/2030	CPOs(1)(2)	923,368	$0.09(2)	I	Long-Term Retention Plan(2)
CPOs held in Long-Term Retention Plan(1)(2)	04/10/2028	04/10/2031	CPOs(1)(2)	1,671,310	$0.09(2)	I	Long-Term Retention 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. The reported exercise price was converted into US dollars based on the currency conversion rate of 17.8874 Mexican Pesos per US dollar as of March 20, 2026.

	/s/ Carlos Phillips Margain	03/31/2026
	** 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)

FAQ

What does Grupo Televisa (TV) executive Carlos Phillips Margain report in this Form 3?

He reports indirect interests in CPO-based awards under a Long-Term Retention Plan. The filing lists several derivative positions over CPOs with specified exercise prices, share amounts, and expiration dates, establishing his initial beneficial ownership disclosure as a corporate VP of Finance.

How many Grupo Televisa (TV) CPOs are covered by the reported retention plan awards?

The filing shows awards tied to 20,020, 20,020, 210,240, 210,240, 210,240, 923,368 and 1,671,310 underlying CPOs. These entries represent multiple tranches of CPO-based incentives within the Long-Term Retention Plan, each with its own exercise terms and maturities.

What exercise prices are disclosed for the Grupo Televisa (TV) CPO awards?

Exercise prices disclosed include $1.37, $1.74, $2.14, $0.96 and $0.09 per CPO. A footnote explains the reported exercise prices were converted into US dollars using a 17.8874 Mexican peso per US dollar exchange rate as of March 20, 2026.

When do the reported Grupo Televisa (TV) CPO awards expire?

Expiration dates range from April 10, 2026, to April 10, 2031. Each derivative position over CPOs has a specified maturity, reflecting a staggered long-term incentive structure within the retention plan that extends over several years for the reporting executive.

What is a CPO in the context of Grupo Televisa (TV) and this Form 3?

A CPO, or Certificado de Participacion Ordinarios, represents baskets of Televisa shares. Each CPO corresponds to twenty-five Series A shares, twenty-two Series B shares, thirty-five Series L shares and thirty-five Series D shares, according to the footnote included in the ownership disclosure.

Are the reported Grupo Televisa (TV) CPO holdings direct or indirect for this executive?

All reported CPO-related positions are shown as indirect interests. The filing labels ownership type as indirect and nature of ownership as a Long-Term Retention Plan, indicating these interests arise from plan-based derivative awards rather than directly held common equity.