Grupo Televisa (TV) legal chief reports initial CPO equity holdings

Rhea-AI Filing Summary

Grupo Televisa, S.A.B. filed an initial ownership report for Luis Alejandro Bustos Olivares, its Legal VP and General Counsel. The filing lists 3,085,551 CPOs held directly, plus additional CPO interests held indirectly through a stock purchase plan and several long-term retention plans.

The derivative positions relate to CPOs with exercise prices ranging from $0.09 to $2.14 per CPO and expiration dates running through 2031, showing a mix of near- and longer-dated equity-based compensation tied to the company’s 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^*

BUSTOS OLIVARES Luis Alejandro

(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)
03/25/2026

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
X	Officer (give title below)		Other (specify below)
	Legal VP and General Counsel

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)	3,085,551	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)
CPOs held in Long-Term Retention Plan(1)(4)	04/10/2023	04/10/2026	CPOs(1)(4)	51,480	$1.37(4)	I	Long-Term Retention Plan(4)
CPOs held in Long-Term Retention Plan(1)(4)	04/10/2024	04/10/2027	CPOs(1)(4)	51,480	$1.74(4)	I	Long-Term Retention Plan(4)
CPOs held in Long-Term Retention Plan(1)(4)	04/10/2025	04/10/2028	CPOs(1)(4)	51,480	$2.14(4)	I	Long-Term Retention Plan(4)
CPOs held in Long-Term Retention Plan(1)(4)	04/10/2026	04/10/2029	CPOs(1)(4)	128,040	$0.96(4)	I	Long-Term Retention Plan(4)
CPOs held in Long-Term Retention Plan(1)(4)	04/10/2026	04/10/2029	CPOs(1)(4)	128,040	$0.09(4)	I	Long-Term Retention Plan(4)
CPOs held in Long-Term Retention Plan(1)(4)	04/10/2027	04/10/2030	CPOs(1)(4)	706,277	$0.09(4)	I	Long-Term Retention Plan(4)
CPOs held in Long-Term Retention Plan(1)(4)	04/10/2028	04/10/2031	CPOs(1)(4)	1,278,370	$0.09(4)	I	Long-Term Retention Plan(4)

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

4. 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/ Luis Alejandro Bustos Olivares	03/27/2026
	** 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 Luis Alejandro Bustos Olivares report owning in Grupo Televisa (TV)?

Luis Alejandro Bustos Olivares reports direct ownership of 3,085,551 CPOs in Grupo Televisa. He also has indirect interests in additional CPOs through a stock purchase plan and several long-term retention plans with specified exercise prices and expiration dates.

Are there any buy or sell transactions in this Grupo Televisa (TV) Form 3?

This Form 3 reports holdings only for Luis Alejandro Bustos Olivares, with no recorded buy or sell transactions. All entries are classified as holdings, establishing his initial reported ownership and plan-based positions in Grupo Televisa CPOs.

What long-term retention plans are disclosed for Grupo Televisa (TV) in this filing?

The filing discloses multiple Long-Term Retention Plan positions in Grupo Televisa CPOs. These positions have exercise prices between $0.09 and $2.14 per CPO and expiration dates extending from 2026 to 2031, reflecting staggered, long-dated equity incentives.

How many Grupo Televisa (TV) CPOs are held under the stock purchase plan?

Under a Stock Purchase Plan, the filing shows an indirect position over CPOs with 277,500 underlying CPOs. A trust administers this plan and, at vesting, will sell a portion of CPOs to pay the purchase price and deliver the remainder to the reporting person.

What role does Luis Alejandro Bustos Olivares hold at Grupo Televisa (TV)?

Luis Alejandro Bustos Olivares is identified as a director and as Legal VP and General Counsel of Grupo Televisa, S.A.B. This Form 3 establishes his initial reported ownership and plan-based equity interests in the company’s CPOs.