What does each GRUPO TELEVISA (TV) Global Depositary Share (GDS) represent?

Each GDS carries a financial interest in, and limited voting rights with respect to, five CPOs. Each CPO in turn represents specified numbers of Series A, B, L and D shares of GRUPO TELEVISA, S.A.B., linking the GDSs to underlying Mexican equity.

Director Zaslav trades Televisa (NYSE: TV) GDSs, exercises 111K units

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

GRUPO TELEVISA, S.A.B. director David Zaslav reported a mix of sales and option exercises in the company’s Global Depositary Shares (GDSs). On April 30, 2026, he sold 8,900 GDSs in an open-market transaction at $2.88 per GDS, leaving 46,600 GDSs held directly.

On the same date, he exercised derivative securities for a total of 111,000 GDSs at an exercise price of $0.46 per GDS, split between direct holdings and a Stock Purchase Plan. One block of 55,500 GDSs is held indirectly through the plan, where a trust will sell some GDSs at Ps.8.00 per GDS to cover the purchase price and deliver the remainder to him.

Insider Trade Summary

Net Seller: 8,900 shares ($25,632)

Net Sell 3 txns

Insider Zaslav David

Role null

Sold 8,900 shs ($26K)

Type	Security	Shares	Price	Value
X	GDS held in Stock Purchase Plan	55,500	$0.00	--
X	GDSs	55,500	$0.46	$26K
Sale	GDSs	8,900	$2.88	$26K

Holdings After Transaction: GDS held in Stock Purchase Plan — 55,500 shares (Indirect, Stock Purchase Plan); GDSs — 55,500 shares (Direct, null)

Footnotes (1)

Each Global Depositary Share ("GDS") is entitled to a financial interest in and limited voting rights with respect to five Certificados de Participacion Ordinarios (each a "CPO"), each of which 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. Reflects conversion from Mexican pesos into US dollars based on the currency conversion rate of 17.3853 Mexican pesos per US dollar as of April 24, 2026. Price is the average price of all sales described in footnote 5, which were effected by the trust on behalf of the reporting person together with several similarly situated persons, without distinction among them, in a series of sales concluding on the transaction date. Not applicable. 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 GDSs or related CPOs to pay the price of Ps.8.00 per GDS and deliver the remainder of these GDSs to the reporting person.

Key Figures

GDSs sold: 8,900 GDSs Sale price: $2.88 per GDS GDSs exercised total: 111,000 GDSs +5 more

8 metrics

GDSs sold 8,900 GDSs Open-market sale on April 30, 2026 at $2.88 per GDS

Sale price $2.88 per GDS Average price for 8,900 GDSs sold

GDSs exercised total 111,000 GDSs Derivative exercises on April 30, 2026

Exercise price $0.46 per GDS Price for in-the-money derivative exercises

Direct GDSs after sale 46,600 GDSs Direct holdings following April 30, 2026 transactions

Indirect GDSs in Stock Purchase Plan 55,500 GDSs Held via Stock Purchase Plan after exercise

Plan purchase price Ps.8.00 per GDS Price the trust will pay for plan GDSs at vesting

FX conversion rate 17.3853 pesos per US dollar Conversion rate as of April 24, 2026

Key Terms

Global Depositary Share ("GDS"), CPOs, Stock Purchase Plan, currency conversion rate, +2 more

6 terms

CPOs financial

"five Certificados de Participacion Ordinarios (each a "CPO")"

Stock Purchase Plan financial

"GDS held in Stock Purchase Plan"

currency conversion rate financial

"based on the currency conversion rate of 17.3853 Mexican pesos per US dollar"

Series "A" Shares financial

"each of which represents twenty-five Series "A" Shares"

in-the-money derivative exercise financial

"transaction_action": "in-the-money derivative exercise""

Form 4 Insider Transactions: What Each Field Means →

05/04/2026 - 09:56 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Zaslav David

(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. Issuer Name and Ticker or Trading Symbol
GRUPO TELEVISA, S.A.B. [ TV ]

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol
[TLEVISACPO.MX]

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
GDS held in Stock Purchase Plan⁽¹⁾	$0.46⁽²⁾	04/30/2026		X			55,500	04/10/2026	⁽⁴⁾	GDSs⁽¹⁾	55,500	$0	55,500	I	Stock Purchase Plan⁽¹⁾
GDSs⁽¹⁾	⁽¹⁾	04/30/2026		X		55,500		⁽⁴⁾	⁽⁴⁾	CPOs⁽¹⁾	55,500	$0.46⁽²⁾	55,500	D
GDSs⁽¹⁾	⁽¹⁾	04/30/2026		S			8,900	⁽⁴⁾	⁽⁴⁾	CPOs⁽¹⁾	8,900	$2.88⁽²⁾⁽³⁾⁽⁵⁾	46,600	D

Explanation of Responses:

1. Each Global Depositary Share ("GDS") is entitled to a financial interest in and limited voting rights with respect to five Certificados de Participacion Ordinarios (each a "CPO"), each of which 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. Reflects conversion from Mexican pesos into US dollars based on the currency conversion rate of 17.3853 Mexican pesos per US dollar as of April 24, 2026.

3. Price is the average price of all sales described in footnote 5, which were effected by the trust on behalf of the reporting person together with several similarly situated persons, without distinction among them, in a series of sales concluding on the transaction date.

4. Not applicable.

5. 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 GDSs or related CPOs to pay the price of Ps.8.00 per GDS and deliver the remainder of these GDSs to the reporting person.

	/s/ Carlos Javier Luevanos Ortiz de Rosas, attorney in fact for David Zaslav	05/04/2026
	** 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 4 (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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did David Zaslav report at GRUPO TELEVISA (TV)?

David Zaslav reported selling 8,900 GDSs and exercising derivatives for 111,000 GDSs. The activity combines an open-market sale with significant option exercises, increasing his overall exposure while realizing some liquidity through the sale.

How many GRUPO TELEVISA (TV) GDSs did David Zaslav sell and at what price?

He sold 8,900 GDSs in an open-market transaction at a price of $2.88 per GDS. This sale occurred on April 30, 2026, and represents a relatively small portion of his total reported direct and indirect GDS holdings.

How many GRUPO TELEVISA (TV) GDSs did Zaslav acquire through derivative exercises?

He exercised derivative securities for a total of 111,000 GDSs at an exercise price of $0.46 per GDS. These exercises were split between directly held GDSs and GDSs held in a Stock Purchase Plan structure on his behalf.

What are David Zaslav’s GRUPO TELEVISA (TV) GDS holdings after these transactions?

After the reported sale, he directly holds 46,600 GDSs. In addition, 55,500 GDSs are held indirectly through a Stock Purchase Plan, bringing his total visible position in this filing to over 100,000 GDSs across direct and indirect holdings.

How does the GRUPO TELEVISA (TV) Stock Purchase Plan affect Zaslav’s GDSs?

Under the Stock Purchase Plan, a trust administers 55,500 GDSs on his behalf. At vesting, the trust will sell some GDSs or related CPOs at Ps.8.00 per GDS to pay the purchase price and deliver the remaining GDSs to him.