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[Form 4] GRUPO TELEVISA, S.A.B. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

GRUPO TELEVISA, S.A.B. director Michael T. Fries reported a mix of sales and exercises of CPOs. On May 4, 2026, he executed an open-market sale of 44,500 CPOs at an average price of $0.57 per CPO.

On the same date, he acquired 277,500 CPOs through an in-the-money exercise linked to a Stock Purchase Plan for Directors, at an exercise price of $0.09 per CPO. Following these transactions, he directly held 882,775 CPOs, and his plan-related derivative position was reduced to zero.

Positive

  • None.

Negative

  • None.

Insights

Routine stock plan exercise with a modest sale and higher net holdings.

Director Michael T. Fries combined an open-market sale of 44,500 CPOs at $0.57 with an in-the-money exercise of 277,500 CPOs at $0.09 per CPO under a Stock Purchase Plan for Directors.

The filing shows his directly held CPOs increased to 882,775 after these moves, while the plan-related derivative balance fell to zero. This pattern is characteristic of compensation-related exercises where a portion is sold and the remainder retained, and it appears routine in scale relative to his resulting position.

Insider FRIES MICHAEL T
Role null
Sold 44,500 shs ($25K)
Type Security Shares Price Value
X CPOs held in Stock Purchase Plan 277,500 $0.00 --
X CPOs 277,500 $0.09 $25K
Sale CPOs 44,500 $0.57 $25K
Holdings After Transaction: CPOs held in Stock Purchase Plan — 0 shares (Indirect, Stock Purchase Plan); CPOs — 882,775 shares (Direct, null)
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. 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. 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. 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. Not applicable.
CPOs sold 44,500 CPOs Open-market sale on May 4, 2026
Sale price per CPO $0.57 per CPO Average price across trust-executed sales
CPOs acquired via exercise 277,500 CPOs In-the-money derivative exercise on May 4, 2026
Exercise price per CPO $0.09 per CPO Equivalent to Ps.1.60 using Ps.17.5161 per USD
Holdings after transactions 882,775 CPOs Direct ownership following sale and exercise
Exercised derivative balance 277,500 CPOs Stock Purchase Plan derivative position reduced to zero
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 financial
"the trust that administers the Stock Purchase Plan for Directors, acting on behalf of the reporting person..."
in-the-money derivative exercise financial
"transaction_action": "in-the-money derivative exercise""
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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
FRIES MICHAEL T
(Last)(First)(Middle)
C/O GRUPO TELEVISA, S.A.B.
AV. VASCO DE QUIROGA NO. 2000
(Street)
MEXICO CITY01210
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
CPOs(1)05/04/2026X277,500A$0.09(2)882,775D
CPOs(1)05/04/2026S44,500D$0.57(2)(3)(4)838,275D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
CPOs held in Stock Purchase Plan(1)$0.09(2)05/04/2026X277,50004/10/2026 (5)CPOs(1)277,500$0(2)0IStock 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/ Michael T. Fries05/06/2026
** Signature of Reporting PersonDate
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 GRUPO TELEVISA (TV) director Michael T. Fries report?

He reported an open-market sale of 44,500 CPOs and an in-the-money exercise for 277,500 CPOs tied to a Stock Purchase Plan. After these transactions, he held 882,775 CPOs directly and had no remaining plan-related derivative balance.

How many GRUPO TELEVISA (TV) CPOs did Michael T. Fries sell and at what price?

He sold 44,500 CPOs in an open-market transaction at an average price of $0.57 per CPO. The price reflects the average across sales executed by a trust on behalf of multiple participants concluding on May 4, 2026.

How many GRUPO TELEVISA (TV) CPOs did Michael T. Fries acquire through exercise?

He acquired 277,500 CPOs via an in-the-money derivative exercise related to a Stock Purchase Plan for Directors. The exercise price was $0.09 per CPO, corresponding to Ps.1.60 per CPO using the disclosed exchange rate.

What are Michael T. Fries’ GRUPO TELEVISA (TV) holdings after these Form 4 transactions?

Following the reported sale and exercise, he directly held 882,775 CPOs. The derivative entry associated with the Stock Purchase Plan showed a post-transaction balance of zero, indicating those plan-related rights were fully exercised.

How does the GRUPO TELEVISA (TV) Stock Purchase Plan for Directors work in this filing?

A trust administering the Stock Purchase Plan exercised 277,500 CPOs at Ps.1.60 per CPO, then sold a portion to fund the purchase price. The remaining CPOs from this exercise were delivered to Michael T. Fries as part of his compensation.

What does one GRUPO TELEVISA (TV) CPO represent according to the Form 4 footnotes?

Each CPO represents an interest in multiple underlying Televisa share series: twenty-five Series A shares, twenty-two Series B shares, and thirty-five each of Series L and Series D shares. This structure is specific to Televisa’s CPO instruments.