Televisa (NYSE: TV) director exercises CPO plan and makes small open‑market sale

(Neutral)

Form Type

Rhea-AI Filing Summary

GRUPO TELEVISA, S.A.B. director Lorenzo Alejandro Mendoza Giménez reported an open‑market sale and a stock plan exercise involving CPOs. He sold 44,500 CPOs at an average price of $0.57 per CPO and held 233,000 CPOs directly after the sale.

He also exercised rights over 277,500 CPOs through the Stock Purchase Plan for Directors at a conversion price of Ps.1.60 per CPO, equivalent to about $0.09 per CPO based on a 17.5161 peso per US dollar rate. A trust administering the plan will sell part of these CPOs to pay the purchase price and deliver the remaining CPOs to him.

Each CPO represents a bundle of Televisa shares across Series A, B, L and D, so these transactions adjust his economic exposure while leaving him with a substantial remaining direct CPO position and no remaining derivative position from this plan in this filing.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider MENDOZA GIMENEZ Lorenzo Alejandro

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 — 233,000 shares (Direct)

Footnotes (5)

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.
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.
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.
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.
F5. Not applicable.

Key Figures

CPOs sold: 44,500 CPOs at $0.57 each CPOs exercised: 277,500 CPOs at ~$0.09 each Direct holdings after sale: 233,000 CPOs +2 more

5 metrics

CPOs sold 44,500 CPOs at $0.57 each Open-market sale on 2026-05-04

CPOs exercised 277,500 CPOs at ~$0.09 each Stock Purchase Plan exercise on 2026-05-04

Direct holdings after sale 233,000 CPOs Direct ownership following transactions

Plan conversion price Ps.1.60 per CPO Stock Purchase Plan for Directors

FX rate used 17.5161 pesos per US dollar Conversion as of April 30, 2026

Key Terms

CPOs, Certificado de Participacion Ordinarios, Stock Purchase Plan for Directors, in-the-money derivative exercise

4 terms

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 for Directors financial

"the trust that administers the Stock Purchase Plan for Directors, acting on behalf of the reporting person"

in-the-money derivative exercise financial

"Exercise of in-the-money or at-the-money derivative security"

FAQ

What insider transactions did Televisa (TV) report for Lorenzo Alejandro Mendoza Giménez?

Televisa director Lorenzo Alejandro Mendoza Giménez reported selling 44,500 CPOs in an open‑market transaction and exercising rights over 277,500 CPOs through the Stock Purchase Plan for Directors in a single reporting day, adjusting his mix of direct and plan‑related holdings.

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

He sold 44,500 CPOs at an average price of $0.57 per CPO. The sale price reflects an average of trades executed by a trust on behalf of him and similarly situated participants, without distinguishing individual execution prices among them.

What stock purchase plan exercise did Televisa (TV) disclose for its director?

He exercised rights over 277,500 CPOs held in the Stock Purchase Plan for Directors at a price of Ps.1.60 per CPO, equivalent to about $0.09 using a 17.5161 peso per US dollar rate, converting his plan position into CPOs.

How many GRUPO TELEVISA (TV) CPOs does the director hold after these transactions?

After the reported open‑market sale, he directly holds 233,000 CPOs. These holdings are separate from the CPOs administered through the Stock Purchase Plan for Directors, where a trust sells a portion to fund the purchase price and delivers the remainder to him.

What does each GRUPO TELEVISA (TV) CPO represent in underlying shares?

Each CPO, or Certificado de Participación Ordinarios, 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., giving bundled exposure across several Televisa share series.

How is the Televisa (TV) stock purchase plan transaction price determined?

The plan uses a price of Ps.1.60 per CPO. A trust that administers the Stock Purchase Plan for Directors sells a portion of the CPOs at market prices to pay this amount, then delivers the remaining CPOs acquired through the plan to the participating director.

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/06/2026 - 05:35 PM

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^*

MENDOZA GIMENEZ Lorenzo 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
	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)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
CPOs⁽¹⁾	05/04/2026		X		277,500	A	$0.09⁽²⁾	277,500	D
CPOs⁽¹⁾	05/04/2026		S		44,500	D	$0.57⁽²⁾⁽³⁾⁽⁴⁾	233,000	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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/ Lorenzo Alejandro Mendoza Gimenez	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)

Source: View Original Filing on SEC EDGAR