Televisa Co-CEO sells CPOs, exercises stock plan

Grupo Televisa Co-CEO Alfonso de Angoitia reported both a sale and an option-style exercise of CPOs.

Rhea-AI Filing Summary

Grupo Televisa Co-CEO Alfonso de Angoitia reported both a sale and an option-style exercise of CPOs. On May 4, 2026, he completed an open-market sale of 44,500 CPOs at $0.57 per CPO.

On the same date, he also exercised 277,500 CPOs held through a Stock Purchase Plan at a conversion price of $0.09 per CPO, moving those CPOs from the plan into direct ownership while eliminating the corresponding derivative position. Following these transactions, he continues to hold a very large direct stake in the company’s CPOs.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider DE ANGOITIA ALFONSO

Role Co-Chief Executive Officer

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 — 38,813,509 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 +3 more

6 metrics

CPOs sold 44,500 CPOs Open-market sale on May 4, 2026

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 May 4, 2026

Exercise price per CPO $0.09 per CPO Conversion price for 277,500 CPOs exercised

FX rate 17.5161 MXN/USD Peso-to-dollar rate as of April 30, 2026

CPO share basket 25 A, 22 B, 35 L, 35 D shares Underlying shares represented by each CPO

Key Terms

CPOs, Stock Purchase Plan, in-the-money derivative exercise, Certificado de Participacion Ordinarios, +1 more

5 terms

CPOs financial

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

Stock Purchase Plan financial

"CPOs held in Stock Purchase Plan"

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.

in-the-money derivative exercise financial

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

Certificado de Participacion Ordinarios financial

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

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 GRUPO TELEVISA (TV) report for Alfonso de Angoitia?

Alfonso de Angoitia reported an open-market sale of 44,500 CPOs and an exercise of 277,500 CPOs from a Stock Purchase Plan. Both transactions involved CPOs and occurred on May 4, 2026, according to the Form 4 data.

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

He sold 44,500 CPOs in an open-market transaction at a reported price of $0.57 per CPO. The price reflects an average sale price for trades executed by a trust on his behalf together with similarly situated participants.

What was the size and price of the GRUPO TELEVISA (TV) CPOs exercised from the Stock Purchase Plan?

He exercised 277,500 CPOs held in a Stock Purchase Plan at a conversion price of $0.09 per CPO. These CPOs were moved from indirect plan ownership into direct ownership, and the related derivative position in the plan was reduced to zero.

How are GRUPO TELEVISA (TV) CPOs structured in terms of underlying shares?

Each CPO, or Certificado de Participacion Ordinarios, represents a basket of underlying shares: 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., as disclosed in the footnotes.

What currency conversion rate was used for GRUPO TELEVISA (TV) Form 4 prices?

The filing notes that conversions from Mexican pesos to U.S. dollars used a rate of 17.5161 Mexican pesos per U.S. dollar as of April 30, 2026. This rate underlies the U.S. dollar transaction prices shown in the Form 4.

How does the GRUPO TELEVISA (TV) Stock Purchase Plan affect the Co-CEO’s CPOs?

A trust administers the Stock Purchase Plan for Directors. At vesting, it sells part of the CPOs to pay the plan price of Ps.1.60 per CPO and delivers the remaining CPOs to the participant, such as the reporting person.

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

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Accepted by SEC EDGAR 05/06/2026 - 05:21 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^*

DE ANGOITIA ALFONSO

(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
X	Officer (give title below)		Other (specify below)
	Co-Chief Executive Officer

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)	38,858,009	D
CPOs(1)	05/04/2026		S		44,500	D	$0.57(2)(3)(4)	38,813,509	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/ Alfonso De Angoitia Noriega	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)