Televisa (TV) director David Zaslav sells 110,826 GDSs in open market

Rhea-AI Filing Summary

Grupo Televisa director David Zaslav sold 110,826 Global Depositary Shares (GDSs) in an open-market transaction. The shares were sold on July 1, 2026 at a volume-weighted average price of $2.6952 per GDS. After the sale, he directly held 46,600 GDSs. Each GDS represents a financial interest in five CPOs, which in turn are linked to multiple series of Televisa shares, so changes in GDS holdings reflect exposure to a bundled interest in the company’s equity.

Insights

Insider transactions analyst

Director executes open-market sale, retains a smaller GDS position.

Director David Zaslav sold 110,826 GDSs of Grupo Televisa in an open-market transaction at a volume-weighted average price of $2.6952 per GDS. This is classified as a straightforward sale, not an option exercise or compensation event.

Following the trade, he directly holds 46,600 GDSs, so the filing shows a sizable reduction in his GDS exposure rather than a complete exit. The footnotes specify that prices ranged from $2.6900 to $2.7250, indicating the VWAP reflects multiple individual trades on July 1, 2026.

Each GDS corresponds to a bundle of CPOs tied to several share series, so this transaction affects an indirect interest in underlying equity rather than individual local shares. The filing does not reference a Rule 10b5-1 trading plan, so timing context comes solely from the reported trade date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Zaslav David

Role Director

Sold 110,826 shs ($299K)

Type	Security	Shares	Price	Value
Sale	GDSs	110,826	$2.6952	$299K

Holdings After Transaction: GDSs — 46,600 shares (Direct)

Footnotes (3)

1. F1. Each Global Depositary Share ("GDS") is entitled to a financial interest in and limited voting rights with respect to five Certificados de Participacion Ordinarios (each a "CPO"), each of which 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. Price is the volume weighted average selling price of all sales by the reporting person on the transaction date. Actual prices ranged from $2.6900 to $2.7250 US dollars. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
3. F3. Not applicable.

Key Figures

GDSs sold: 110,826 GDSs VWAP sale price: $2.6952 per GDS Price range: $2.6900–$2.7250 per GDS +2 more

5 metrics

GDSs sold 110,826 GDSs Open-market sale on July 1, 2026

VWAP sale price $2.6952 per GDS Volume-weighted average price for July 1, 2026 sales

Price range $2.6900–$2.7250 per GDS Range of actual trade prices on transaction date

Holdings after transaction 46,600 GDSs Direct ownership following July 1, 2026 sale

GDS to CPO ratio 1 GDS = 5 CPOs Each GDS tied to five CPOs representing multiple share series

Key Terms

Global Depositary Share, GDSs, CPOs, volume weighted average selling price, +1 more

5 terms

Global Depositary Share financial

"Each Global Depositary Share ("GDS") is entitled to a financial interest..."

GDSs financial

"Each Global Depositary Share ("GDS") is entitled to a financial interest..."

CPOs financial

"five Certificados de Participacion Ordinarios (each a "CPO"), each of which represents..."

volume weighted average selling price financial

"Price is the volume weighted average selling price of all sales..."

Series "A" Shares financial

"each of which represents twenty-five Series "A" Shares, twenty-two Series..."

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 06:17 PM Accepted by SEC EDGAR 07/06/2026 - 06:16 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^*

Zaslav David

(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)
07/01/2026

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
GDSs(1)	(1)	07/01/2026		S			110,826	(1)	(3)	CPOs	110,826	$2.6952(2)	46,600	D

Explanation of Responses:

1. Each Global Depositary Share ("GDS") is entitled to a financial interest in and limited voting rights with respect to five Certificados de Participacion Ordinarios (each a "CPO"), each of which 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. Price is the volume weighted average selling price of all sales by the reporting person on the transaction date. Actual prices ranged from $2.6900 to $2.7250 US dollars. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

3. Not applicable.

	/s/ David Zaslav	07/06/2026
	** 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)