Televisa (NYSE: TV) director discloses CPO stake and plan holdings

Rhea-AI Filing Summary

GRUPO TELEVISA, S.A.B. director Guillermo Garcia Naranjo Alvarez has reported his initial holdings of the company’s CPOs. He holds 605,275 CPOs directly and has an indirect interest in 277,500 CPOs through a Stock Purchase Plan. At vesting, a trust will sell part of these plan CPOs at Ps.1.60 per CPO to cover the purchase price and deliver the remaining CPOs to him.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider GARCIA NARANJO ALVAREZ Guillermo

Role Director

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

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

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. 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 17.8874 Mexican Pesos per US dollar as of March 20, 2026. Not applicable

Key Figures

Direct CPO holdings: 605,275 CPOs Indirect CPOs in Stock Purchase Plan: 277,500 CPOs Plan CPO price: Ps.1.60 per CPO +2 more

5 metrics

Direct CPO holdings 605,275 CPOs Total CPOs held directly following the reported holdings

Indirect CPOs in Stock Purchase Plan 277,500 CPOs Underlying CPOs held in a Stock Purchase Plan trust

Plan CPO price Ps.1.60 per CPO Portion sold at vesting by trust to pay purchase price

Exercise price in USD $0.0900 per CPO Reported exercise price converted into US dollars

FX rate used 17.8874 MXN per USD Currency conversion rate as of March 20, 2026

Key Terms

Certificado de Participacion Ordinarios ("CPO"), Stock Purchase Plan, vesting, exercise price, +1 more

5 terms

Certificado de Participacion Ordinarios ("CPO") financial

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

Stock Purchase Plan financial

"the trust that administers the Stock Purchase Plan for Directors, acting on behalf of the reporting person..."

vesting financial

"At the date of vesting, the trust that administers the Stock Purchase Plan for Directors..."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

exercise price financial

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

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.

currency conversion rate financial

"based on the currency conversion rate of 17.8874 Mexican Pesos per US dollar..."

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^*

GARCIA NARANJO ALVAREZ Guillermo

(Last) (First) (Middle)

C/O GRUPO TELEVISA, S.A.B.

AV. VASCO DE QUIROGA NO. 2000

(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)

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

3. Not applicable

	/s/ Guillermo Garcia Naranjo Alvarez	03/30/2026
	** 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 CPO holdings did Televisa (TV) director Guillermo Garcia Naranjo report?

He reported direct ownership of 605,275 CPOs and an indirect interest in 277,500 CPOs held in a Stock Purchase Plan. Together, these figures describe his initial reported position in GRUPO TELEVISA, S.A.B. certificates of participation.

How are the 277,500 Televisa (TV) CPOs in the Stock Purchase Plan handled at vesting?

At vesting, a trust administering the Stock Purchase Plan will sell a portion of the 277,500 CPOs at Ps.1.60 per CPO to pay the purchase price, then deliver the remaining CPOs to Guillermo Garcia Naranjo Alvarez.

What is the exercise price and currency conversion used for Televisa (TV) plan CPOs?

The Stock Purchase Plan CPOs carry a price of Ps.1.60 per CPO, which corresponds to an exercise price of $0.0900 per CPO. This reflects a currency conversion rate of 17.8874 Mexican pesos per US dollar as of March 20, 2026.

Does the Televisa (TV) director hold CPOs directly or indirectly?

He holds CPOs both ways: 605,275 CPOs are held directly in his name, while 277,500 CPOs are held indirectly through a Stock Purchase Plan trust acting on his behalf, as described in the filing footnotes.

What does a CPO represent for GRUPO TELEVISA, S.A.B. (TV)?

Each Certificado de Participacion Ordinarios (CPO) represents bundles of underlying Series A, B, L, and D shares of GRUPO TELEVISA, S.A.B. This structure lets investors hold an interest in multiple share series through a single listed instrument.