Televisa (TV) executive discloses long-term CPO awards with low exercise prices

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

GRUPO TELEVISA, S.A.B. executive Valim Francisco filed an initial ownership report showing indirect holdings of CPO-related awards through a Long-Term Retention Plan. The filing lists four derivative positions over CPOs with exercise prices of $0.96 and $0.09 per CPO and expirations between 2029 and 2031, without recording any explicit purchases or sales.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Valim Francisco

Role See remarks

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

Holdings After Transaction: CPOs held in the Long-Term Retention Plan — 225,000 shares (Indirect, Long-Term Retention Plan)

Footnotes (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 of 17.8874 Mexican Pesos per US dollar as of March 20, 2026.

Key Figures

Exercise price 1: $0.96 per CPO Exercise price 2: $0.09 per CPO Underlying CPO block 1: 225,000 CPOs +5 more

8 metrics

Exercise price 1 $0.96 per CPO Long-Term Retention Plan derivative position, expiration April 10, 2029

Exercise price 2 $0.09 per CPO Long-Term Retention Plan derivative positions, expirations 2029–2031

Underlying CPO block 1 225,000 CPOs Indirect holding, exercise price $0.96, expiration April 10, 2029

Underlying CPO block 2 225,000 CPOs Indirect holding, exercise price $0.09, expiration April 10, 2029

Underlying CPO block 3 1,931,226 CPOs Indirect holding, exercise price $0.09, expiration April 10, 2030

Underlying CPO block 4 3,495,560 CPOs Indirect holding, exercise price $0.09, expiration April 10, 2031

FX conversion rate 17.8874 MXN per USD Rate used to convert exercise prices as of March 20, 2026

CPO share bundle 25A, 22B, 35L, 35D shares Underlying shares represented by each CPO of GRUPO TELEVISA, S.A.B.

Key Terms

CPOs, Long-Term Retention Plan, exercise price, Certificado de Participacion Ordinarios, +1 more

5 terms

CPOs financial

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

Long-Term Retention Plan financial

"CPOs held in the Long-Term Retention Plan"

exercise price financial

"The reported exercise price was converted into US dollars based on the currency conversion"

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.

Certificado de Participacion Ordinarios financial

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

underlying security financial

"underlying_security_title": "CPOs", "underlying_security_shares""

Understanding Insider Trading Forms →

04/01/2026 - 04:53 PM

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^*

Valim Francisco

(Last)

(First)

(Middle)

AV VASCO DE QUIROGA 2000

COLONIA SANTA FE

(Street)

MEXICO, D.F.

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)
	See remarks

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
CPOs held in the Long-Term Retention Plan⁽¹⁾⁽²⁾	04/10/2026	04/10/2029	CPOs⁽¹⁾⁽²⁾	225,000	$0.96⁽²⁾	I	Long-Term Retention Plan⁽²⁾
CPOs held in the Long-Term Retention Plan⁽¹⁾⁽²⁾	04/10/2026	04/10/2029	CPOs⁽¹⁾⁽²⁾	225,000	$0.09⁽²⁾	I	Long-Term Retention Plan⁽²⁾
CPOs held in the Long-Term Retention Plan⁽¹⁾⁽²⁾	04/10/2027	04/10/2030	CPOs⁽¹⁾⁽²⁾	1,931,226	$0.09⁽²⁾	I	Long-Term Retention Plan⁽²⁾
CPOs held in the Long-Term Retention Plan⁽¹⁾⁽²⁾	04/10/2027	04/10/2031	CPOs⁽¹⁾⁽²⁾	3,495,560	$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 of 17.8874 Mexican Pesos per US dollar as of March 20, 2026.

Remarks:

Mr. Valim is the Executive General Director of Grupo Televisa, S.A.B.'s Cable Segment and on that basis he may be considered an officer of Grupo Televisa, S.A.B.

	/s/ Francisco Valim	04/01/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What does Valim Francisco report in this Form 3 for GRUPO TELEVISA (TV)?

Valim Francisco reports indirect holdings of CPO-related derivative awards through a Long-Term Retention Plan. The filing lists four blocks of underlying CPOs with specific exercise prices and expiration dates, but does not show any open-market purchases or sales; it establishes an initial ownership baseline.

Are there any buy or sell transactions in this GRUPO TELEVISA (TV) Form 3?

The Form 3 does not record explicit buy or sell transactions. All entries are classified as holdings with unknown transaction codes, and the transaction summary shows zero buys, zero sells, and four unknown entries, indicating this filing primarily discloses existing positions rather than new trades.

What derivative positions over CPOs are disclosed for Valim Francisco at GRUPO TELEVISA (TV)?

The filing discloses four derivative positions over CPOs held in a Long-Term Retention Plan, with exercise prices of $0.96 and $0.09 per CPO. Underlying CPO amounts include 225,000, 225,000, 1,931,226, and 3,495,560, each tied to expiration dates between 2029 and 2031.

How are the GRUPO TELEVISA (TV) CPOs structured in this Form 3 filing?

Each CPO represents a bundle of underlying Series A, B, L, and D shares of GRUPO TELEVISA, S.A.B. The footnote states that one CPO equates to twenty-five Series A shares, twenty-two Series B shares, thirty-five Series L shares, and thirty-five Series D shares in the company.

How were exercise prices in the GRUPO TELEVISA (TV) Form 3 converted to U.S. dollars?

The reported exercise prices were converted into U.S. dollars from Mexican pesos. A footnote specifies a conversion rate of 17.8874 Mexican pesos per U.S. dollar, using the exchange rate as of March 20, 2026, to express the exercise prices in dollar terms in the filing.