Grupo Televisa counsel awarded CPO-based equity

GRUPO TELEVISA, S.A.B. reported that Legal V.P. and General Counsel Luis Alejandro Bustos Olivares received indirect awards of derivative interests in CPOs on June 8, 2026.

Rhea-AI Filing Summary

GRUPO TELEVISA, S.A.B. reported that Legal V.P. and General Counsel Luis Alejandro Bustos Olivares received indirect awards of derivative interests in CPOs on June 8, 2026. He was granted 774,550 CPOs under a Long-Term Retention Plan and 268,470 CPOs under a Stock Purchase Plan, both at a conversion or exercise price of $0.09 per CPO. These awards are compensation grants, not open-market purchases or sales.

Insights

Equity compensation analyst

Routine equity compensation grants via company plans; no open-market trading.

The filing shows two A-code transactions, which are awards of derivative interests in CPOs through a Long-Term Retention Plan and a Stock Purchase Plan. The reporting person did not pay a purchase price; the exercise price is set at $0.09 per CPO.

Both holdings are classified as indirect, tied to structured plans rather than direct market activity. With no buys or sells reported and no remaining derivative positions listed beyond these grants, the events appear as standard incentive compensation rather than a signal of changing sentiment.

Footnotes clarify that each CPO represents a specific combination of underlying share classes of Grupo Televisa, S.A.B., which affects the economic exposure but does not change the fact that these are award-type transactions, not market trades.

Insider Trade Summary

Grant/Award: 1,043,020 shares

Grant/Award 2 txns

Insider BUSTOS OLIVARES Luis Alejandro

Role Legal V.P. and General Counsel

Type	Security	Shares	Price	Value
Grant/Award	CPOs held in Stock Purchase Plan	268,470	$0.00	$0.00
Grant/Award	CPOs held in Long-Term Retention Plan	774,550	$0.00	$0.00

Holdings After Transaction: CPOs held in Stock Purchase Plan — 268,470 contracts (Indirect, Stock Purchase Plan); CPOs held in Long-Term Retention Plan — 774,550 contracts (Indirect, Long-Term Retention Plan)

Footnotes (3)

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 17.3498 Mexican Pesos per US dollar as of May 29, 2026.
3. F3. Not applicable.

Key Figures

Long-Term Retention Plan CPOs granted: 774,550 CPOs Stock Purchase Plan CPOs granted: 268,470 CPOs Exercise price per CPO: $0.09 per CPO +2 more

5 metrics

Long-Term Retention Plan CPOs granted 774,550 CPOs Awarded June 8, 2026; total held after transaction

Stock Purchase Plan CPOs granted 268,470 CPOs Awarded June 8, 2026; total held after transaction

Exercise price per CPO $0.09 per CPO Conversion or exercise price for both derivative awards

CPO share composition 25 A, 22 B, 35 L, 35 D shares Each CPO represents multiple Grupo Televisa share series

Currency conversion rate 17.3498 MXN per USD Rate referenced for peso-to-dollar conversion as of May 29, 2026

Key Terms

CPOs, Long-Term Retention Plan, Stock Purchase Plan, conversion or exercise price, +1 more

5 terms

CPOs financial

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

Long-Term Retention Plan financial

"CPOs held in Long-Term Retention Plan"

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.

conversion or exercise price financial

"conversion_or_exercise_price": "0.0900""

indirect ownership financial

"ownership_type": "indirect""

FAQ

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

What did Luis Alejandro Bustos Olivares acquire in Grupo Televisa (TV) on June 8, 2026?

He received indirect awards of derivative interests in CPOs under company plans, not open-market purchases. The grants were made through a Long-Term Retention Plan and a Stock Purchase Plan as part of equity-based compensation, with a set exercise price per CPO.

How many CPOs were granted to the Grupo Televisa (TV) executive in this Form 4?

The filing reports awards of 774,550 CPOs in a Long-Term Retention Plan and 268,470 CPOs in a Stock Purchase Plan. Both positions are derivative interests tied to CPOs and are classified as indirect holdings under the respective compensation plans.

What is the exercise price of the CPO awards in the Grupo Televisa (TV) Form 4?

Both sets of CPO derivative awards have a conversion or exercise price of $0.09 per CPO. This exercise price defines what must be paid later to convert the derivative interests into underlying CPOs, distinguishing it from a market purchase price.

Are the Grupo Televisa (TV) CPO transactions in this Form 4 considered insider buying or selling?

No, they are classified as grant or award acquisitions, not open-market buys or sales. The reporting person did not execute P-code purchases or S-code sales; instead, the transactions reflect equity compensation awards under company-sponsored plans.

How are the CPO awards in the Grupo Televisa (TV) Form 4 held by the reporting person?

The positions are reported as indirect ownership through a Long-Term Retention Plan and a Stock Purchase Plan. This means the interests are held via the plan structures rather than as directly owned CPOs in a personal brokerage or similar individual account.

What does each CPO represent in the Grupo Televisa (TV) structure mentioned in the Form 4?

Each CPO represents specific numbers of different Grupo Televisa share series, including Series A, B, L, and D shares. This bundled structure defines the economic exposure per CPO but does not change that the filing reports derivative compensation awards, not direct share trades.

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

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Accepted by SEC EDGAR 06/09/2026 - 08:24 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^*

BUSTOS OLIVARES Luis Alejandro

(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)
	Legal V.P. and General Counsel

2a. Foreign Trading Symbol
[TLEVISACPO.MX]

3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026

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

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)	06/08/2026		A		268,470		04/10/2027	(3)	CPOs(1)	268,470	$0(2)	268,470	I	Stock Purchase Plan(1)
CPOs held in Long-Term Retention Plan(1)	$0.09(2)	06/08/2026		A		774,550		04/10/2029	04/10/2032	CPOs(1)	774,550	$0(2)	774,550	I	Long-Term Retention Plan

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 17.3498 Mexican Pesos per US dollar as of May 29, 2026.

3. Not applicable.

	/s/ Luis Alejandro Bustos Olivares	06/09/2026
	** 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)