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Grupo Televisa (NYSE: TV) director exercises 277,500 CPOs, sells 44,500

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

Rhea-AI Filing Summary

Grupo Televisa director Michael T. Fries exercised 277,500 CPOs from a Stock Purchase Plan on May 4, 2026 at 0.0900 per CPO, then sold 44,500 CPOs at 0.5700 per CPO in a market transaction. After these moves he holds 838,275 CPOs directly.

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 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 shares (Indirect, Stock Purchase Plan); CPOs — 838,275 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.
CPOs exercised 277500.0000 CPOs Non-derivative CPOs acquired on 2026-05-04 from Stock Purchase Plan exercise at 0.0900 per CPO
CPOs sold 44500.0000 CPOs Non-derivative sale on 2026-05-04 at 0.5700 per CPO in an open market or private transaction
Post-transaction CPO holding 838,275 CPOs Direct ownership reported after all transactions in the filing
Exercise price 0.0900 per CPO Conversion or exercise price for 277500.0000 underlying CPOs in the Stock Purchase Plan
Sale price 0.5700 per CPO Per-share price for the 44500.0000 CPOs sold in the reported transaction
Currency conversion rate 17.5161 Mexican Pesos per US dollar Rate used to convert plan-related amounts from pesos into US dollars as of April 30, 2026
Plan purchase price Ps.1.60 per CPO Price per CPO paid by the trust when administering the Stock Purchase Plan for directors
Certificado de Participacion Ordinarios ("CPO") financial
"Each Certificado de Participacion Ordinarios ("CPO") represents twenty-five Series "A" Shares"
Stock Purchase Plan financial
"CPOs held in Stock Purchase Plan and administered by a trust for directors"
A stock purchase plan is a company-run program that lets employees or qualifying investors buy the company’s shares regularly, often through paycheck deductions and sometimes at a discounted price or with matching contributions. It matters because it encourages ownership—like a workplace discount for buying company products—aligning interests between holders and managers, while affecting share supply and potential value for outside investors.
currency conversion rate financial
"conversion from Mexican pesos into US dollars based on the currency conversion rate of 17.5161"

FAQ

What did Grupo Televisa (TV) director Michael T. Fries report in this Form 4?
Michael T. Fries exercised 277,500 CPOs and sold 44,500 CPOs on May 4, 2026. The exercise came from a Stock Purchase Plan, followed by a market sale of part of the position, leaving him with 838,275 CPOs held directly.

How many Grupo Televisa (TV) CPOs did Michael T. Fries exercise and at what price?
He exercised 277,500 CPOs at 0.0900 per CPO on May 4, 2026. These CPOs originated from a Stock Purchase Plan for directors, converting derivative rights into directly held CPOs in the company.

How many Grupo Televisa (TV) CPOs did Michael T. Fries sell and at what price?
He sold 44,500 CPOs at 0.5700 per CPO in a non-derivative sale on May 4, 2026. The sale was reported as a market or private transaction, using an average price described in accompanying plan-related footnote disclosures.

What is Michael T. Fries' remaining Grupo Televisa (TV) CPO holding after these transactions?
Following the reported exercise and sale, Michael T. Fries holds 838,275 CPOs directly. This post-transaction balance reflects his remaining ownership, as reported in the authoritative holdings data accompanying the Form 4.

Were Michael T. Fries' Grupo Televisa (TV) transactions under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox as unchecked, so these trades are not affirmed as 10b5-1 plan transactions. They are linked instead to a director Stock Purchase Plan administered by a trust.

What does a Grupo Televisa (TV) CPO represent for shareholders?
Each CPO (Certificado de Participacion Ordinarios) represents interests in multiple share series: 25 Series A, 22 Series B, 35 Series L and 35 Series D shares of Grupo Televisa, S.A.B., according to the footnote disclosure.

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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