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[Form 4] GRUPO TELEVISA, S.A.B. Insider Trading Activity

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

Rhea-AI Filing Summary

GRUPO TELEVISA, S.A.B. legal vice president and general counsel Luis Alejandro Bustos reported a combination of option exercise and share sale in CPOs. He exercised 277,500 CPOs from a Stock Purchase Plan at an exercise price equivalent to $0.09 per CPO, then sold 44,500 CPOs in an open-market transaction at an average price of $0.57 per CPO, based on a peso–dollar rate of 17.5161. After these transactions, he holds about 3.32 million CPOs directly, while the plan trust will sell part of the exercised CPOs at Ps.1.60 per CPO to cover the purchase price and deliver the remaining CPOs to him.

Positive

  • None.

Negative

  • None.
Insider BUSTOS OLIVARES Luis Alejandro
Role Legal V.P. and General Counsel
Sold 44,500 shs ($25K)
Type Security Shares Price Value
X CPOs held in Stock Purchase Plan 277,500 $0.00 --
X 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 — 3,363,051 shares (Direct, null)
Footnotes (1)
  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. 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. 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. 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. Not applicable.
CPOs sold 44,500 CPOs Open-market sale on May 4, 2026
Sale price $0.57 per CPO Average price for 44,500 CPOs sold
CPOs exercised 277,500 CPOs Exercise from Stock Purchase Plan
Exercise price $0.09 per CPO In-the-money derivative exercise
Post-transaction holdings 3,318,551 CPOs Direct holdings after sale
FX rate 17.5161 MXN/USD Conversion rate as of April 30, 2026
Plan price in pesos Ps.1.60 per CPO Price paid by trust at vesting
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 financial
"the trust that administers the Stock Purchase Plan for Directors, acting on behalf of the reporting person"
in-the-money derivative exercise financial
"transaction_action": "in-the-money derivative exercise""
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.
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*
BUSTOS OLIVARES Luis Alejandro
(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
XOfficer (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)
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)3,363,051D
CPOs(1)05/04/2026S44,500D$0.57(2)(3)(4)3,318,551D
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/ Luis Alejandro Bustos Olivares05/06/2026
** 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

FAQ

What insider transactions did GRUPO TELEVISA (TV) report for Luis Alejandro Bustos?

Luis Alejandro Bustos exercised 277,500 CPOs from a Stock Purchase Plan and sold 44,500 CPOs in an open-market transaction. These combined moves reflect an exercise-and-partial-sale pattern while retaining a large remaining CPO position.

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

He sold 44,500 CPOs in an open-market transaction at an average price of $0.57 per CPO. The price reflects conversion from Mexican pesos using a 17.5161 peso-per-dollar exchange rate as of April 30, 2026.

What are Luis Alejandro Bustos’s GRUPO TELEVISA (TV) holdings after these transactions?

Following the exercise and sale, he directly holds approximately 3,318,551 CPOs. This figure comes from the reported total shares following the open‑market sale and indicates he maintains a substantial continuing ownership stake in the company.

How are GRUPO TELEVISA (TV) CPOs structured according to the filing?

Each CPO, or Certificado de Participación Ordinario, 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., combining different share classes into a single listed instrument.

How was the GRUPO TELEVISA (TV) transaction price converted to U.S. dollars?

The filing states prices reflect conversion from Mexican pesos into U.S. dollars using a 17.5161 pesos-per-dollar exchange rate as of April 30, 2026. This rate was applied to express the CPO transaction values in U.S.-dollar terms.