Televisa (TV) director discloses CPO awards in Long-Term Retention Plan Form 3

Rhea-AI Filing Summary

GRUPO TELEVISA, S.A.B. director Denise Maerker Salmon filed an initial ownership report showing indirect interests in compensation-linked CPO positions held through a Long-Term Retention Plan. This Form 3 does not show any new purchases or sales, only existing holdings.

The filing lists several derivative awards over CPOs with different exercise prices and expiration dates. Examples include 44,740 underlying CPOs at an exercise price of $1.3700 per CPO expiring on April 10, 2026, and 139,026 underlying CPOs at $0.0900 per CPO with the same expiration date.

Additional tranches include 46,530 underlying CPOs at $1.7400 per CPO expiring on April 10, 2027, along with multiple low exercise price ($0.0900) awards expiring in 2027, 2028, and 2029. A footnote explains that each CPO represents a bundle of different Televisa share series and that the exercise prices have been converted into U.S. dollars using an exchange rate of 17.8874 Mexican pesos per U.S. dollar as of March 20, 2026.

Insider Trade Summary

8 transactions reported

Mixed 8 txns

Insider MAERKER SALMON Denise

Role Director

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	--	--	--
holding	CPOs held in Long-Term Retention Plan	--	--	--

Holdings After Transaction: CPOs held in Long-Term Retention Plan — 44,740 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

Underlying CPOs tranche: 44,740 CPOs Underlying CPOs tranche: 139,026 CPOs Underlying CPOs tranche: 46,530 CPOs +3 more

6 metrics

Underlying CPOs tranche 44,740 CPOs Exercise price $1.3700, expiration April 10, 2026, indirect holding

Underlying CPOs tranche 139,026 CPOs Exercise price $0.0900, expiration April 10, 2026, indirect holding

Underlying CPOs tranche 46,530 CPOs Exercise price $1.7400, expiration April 10, 2027, indirect holding

Underlying CPOs tranche 94,286 CPOs Exercise price $0.0900, expiration April 10, 2027, indirect holding

Underlying CPOs tranche 140,580 CPOs Exercise price $0.0900, expiration April 10, 2027, indirect holding

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

Key Terms

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

4 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 are reported as indirect ownership for the director."

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.

expiration date financial

"Several CPO awards show an expiration date between 2026 and 2029 under the plan."

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.

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

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1. Name and Address of Reporting Person^*

MAERKER SALMON Denise

(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)

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)	44,740	$1.37(2)	I	Long-Term Retention Plan(2)
CPOs held in Long-Term Retention Plan(1)(2)	04/10/2023	04/10/2026	CPOs(1)(2)	139,026	$0.09(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)	46,530	$1.74(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)	94,286	$0.09(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)	140,580	$0.09(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)	94,050	$0.09(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)	97,142	$0.09(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)	96,900	$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/ Denise Maerker Salmon	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 does Denise Maerker Salmon’s Form 3 filing for GRUPO TELEVISA (TV) show?

The Form 3 shows Denise Maerker Salmon’s existing indirect interests in CPO-based awards held under a Long-Term Retention Plan. It lists several derivative tranches over CPOs with specified exercise prices and expiration dates, but does not report any new share purchases or sales.

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

No, the Form 3 does not report any buy or sell transactions. It only records existing holdings in CPO-related derivative awards within a Long-Term Retention Plan, with transaction codes and summaries indicating holdings rather than market purchases, sales, or option exercises.

What types of CPO awards are reported for GRUPO TELEVISA (TV) in this filing?

The filing lists multiple derivative awards over CPOs with different exercise prices and expirations. Examples include tranches at $1.3700 and $1.7400 per CPO, as well as several low exercise price awards at $0.0900 per CPO, expiring between 2026 and 2029.

How many GRUPO TELEVISA (TV) CPOs are tied to the reported derivative positions?

The filing lists several tranches of underlying CPOs, including 44,740, 139,026, 46,530, 94,286, 140,580, 94,050, 97,142, and 96,900 underlying CPOs. Each figure corresponds to a specific exercise price and expiration date within the Long-Term Retention Plan structure.

What does the footnote about CPOs mean in the GRUPO TELEVISA (TV) Form 3?

The footnote explains that each Certificado de Participacion Ordinarios (CPO) represents defined numbers of Series A, B, L, and D Televisa shares. It also notes that the reported exercise prices were converted into U.S. dollars using a 17.8874 MXN per USD exchange rate as of March 20, 2026.

How are the GRUPO TELEVISA (TV) holdings classified for Denise Maerker Salmon?

All reported positions are classified as indirect holdings through a Long-Term Retention Plan. The filing labels ownership as “indirect” with the nature of ownership described as the plan itself, indicating these are compensation-related awards rather than directly held common shares.