Televisa director exercises CPOs, sells 44,500 units

GRUPO TELEVISA, S.A.B. director Jean Michel Enriquez Dahlhaus exercised and sold CPOs linked to a directors’ stock purchase plan.

Rhea-AI Filing Summary

GRUPO TELEVISA, S.A.B. director Jean Michel Enriquez Dahlhaus exercised and sold CPOs linked to a directors’ stock purchase plan. He exercised 277,500 CPOs at an effective price of $0.09 per CPO through the plan, then sold 44,500 CPOs in an open-market transaction at an average price of $0.57 per CPO.

Following these transactions, he holds 233,000 CPOs directly. The exercised CPOs originated from a trust that administers the Stock Purchase Plan for Directors, which sells a portion of the CPOs to fund the plan price in Mexican pesos and delivers the remaining CPOs to the director.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider ENRIQUEZ DAHLHAUS Jean Michel

Role Director

Sold 44,500 shs ($25K)

Approx. gross sale proceeds $25K

Approx. exercise cost $25K

Type	Security	Shares	Price	Value
In-the-Money Exercise	CPOs held in Stock Purchase Plan	277,500	$0.00	$0.00
In-the-Money Exercise	CPOs	277,500	$0.09	$25K
Sale	CPOs	44,500	$0.57	$25K

Holdings After Transaction: CPOs held in Stock Purchase Plan — 0 contracts (Indirect, Stock Purchase Plan); CPOs — 233,000 shares (Direct)

Footnotes (5)

1. F1. 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. F2. Reflects conversion from Mexican pesos into US dollars based on the currency conversion rate of 17.5161 Mexican Pesos per US dollar as of April 30, 2026.
3. F3. Price is the average price of all sales described in footnote 4, 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. F4. 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.
5. F5. Not applicable.

Key Figures

CPOs sold: 44,500 CPOs Sale price per CPO: $0.57 per CPO CPOs exercised: 277,500 CPOs +4 more

7 metrics

CPOs sold 44,500 CPOs Open-market sale on 2026-05-04

Sale price per CPO $0.57 per CPO Average price for 44,500 CPOs sold

CPOs exercised 277,500 CPOs Exercise from Stock Purchase Plan on 2026-05-04

Exercise price $0.09 per CPO Effective exercise price for 277,500 CPOs

Plan price in pesos Ps.1.60 per CPO Price paid by trust at vesting under Stock Purchase Plan

Post-transaction holding 233,000 CPOs Director’s direct ownership after transactions

FX conversion rate 17.5161 Mexican pesos per US dollar Rate used to convert prices as of April 30, 2026

Key Terms

CPOs, Certificado de Participacion Ordinarios, Stock Purchase Plan for Directors, derivative security, +1 more

5 terms

CPOs financial

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

Certificado de Participacion Ordinarios financial

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

Stock Purchase Plan for Directors financial

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

derivative security financial

"Exercise of in-the-money or at-the-money derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Televisa (TV) director Jean Michel Enriquez Dahlhaus report?

He reported exercising 277,500 CPOs through a directors’ stock purchase plan and selling 44,500 CPOs in an open-market transaction. After these moves, he directly owns 233,000 CPOs in GRUPO TELEVISA, S.A.B., according to the Form 4 filing.

How many GRUPO TELEVISA (TV) CPOs did the director sell and at what price?

Jean Michel Enriquez Dahlhaus sold 44,500 CPOs in an open-market transaction at an average price of $0.57 per CPO. This sale was part of activity related to his stock purchase plan, while he retained a larger remaining position in CPOs after the transactions.

How many GRUPO TELEVISA (TV) CPOs did the director acquire through exercise?

He exercised rights to acquire 277,500 CPOs at an effective exercise price of $0.09 per CPO. These CPOs came from a Stock Purchase Plan for Directors administered by a trust, which handles the purchase and delivery of the resulting CPOs.

What is the director’s GRUPO TELEVISA (TV) CPO holding after the reported Form 4 transactions?

After the reported exercise and sale, Jean Michel Enriquez Dahlhaus directly holds 233,000 CPOs. The Form 4 shows this as his total direct ownership following the open-market sale and the exercise of CPOs through the directors’ stock purchase plan.

How does the Televisa (TV) Stock Purchase Plan for Directors work in this Form 4?

A trust administers the Stock Purchase Plan for Directors, exercising CPOs at Ps.1.60 per CPO. At vesting, the trust sells part of the CPOs to pay this price and then delivers the remaining CPOs to the director, as reflected in the reported transactions.

What are CPOs in the context of GRUPO TELEVISA (TV)?

Each Certificado de Participacion Ordinarios, or CPO, represents bundles of several Televisa share series, including Series A, B, L, and D shares. The Form 4 clarifies that each CPO corresponds to specific numbers of these underlying share classes within GRUPO TELEVISA, S.A.B.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/06/2026 - 05:33 PM Learn about SEC filing dates

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^*

ENRIQUEZ DAHLHAUS Jean Michel

(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)
05/04/2026

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)
			Code	V	Amount	(A) or (D)	Price
CPOs(1)	05/04/2026		X		277,500	A	$0.09(2)	277,500	D
CPOs(1)	05/04/2026		S		44,500	D	$0.57(2)(3)(4)	233,000	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
CPOs held in Stock Purchase Plan(1)	$0.09(2)	05/04/2026		X			277,500	04/10/2026	(5)	CPOs(1)	277,500	$0(2)	0	I	Stock Purchase Plan(1)

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. Reflects conversion from Mexican pesos into US dollars based on the currency conversion rate of 17.5161 Mexican Pesos per US dollar as of April 30, 2026.

3. Price is the average price of all sales described in footnote 4, 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. 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.

5. Not applicable.

	/s/ Jean Michel Enriquez Dahlhaus	05/06/2026
	** 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)