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

Large Televisa (NYSE: TV) grant of zero-coupon mandatory convertible debentures

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

Rhea-AI Filing Summary

GRUPO TELEVISA, S.A.B. director Eduardo Tricio Haro reported compensation-related acquisitions of derivative securities rather than open-market trades. He received an indirect award of 268,470 CPOs through a Stock Purchase Plan, with a conversion or exercise price of $0.09 per CPO and an exercise date in 2027.

He also acquired zero-coupon Mandatory Convertible Debentures that are scheduled to be mandatorily converted into 68,625,040 CPOs at vesting, at a stated conversion price of $0.57 per CPO

Positive

  • None.

Negative

  • None.
Insider Tricio Haro Eduardo
Role null
Type Security Shares Price Value
Grant/Award CPOs held in Stock Purchase Plan 268,470 $0.00 --
Grant/Award Mandatory Convertible Debentures 38,849,340.07 $38,849,340.00 $1509271.22B
Holdings After Transaction: CPOs held in Stock Purchase Plan — 268,470 shares (Indirect, Stock Purchase Plan); Mandatory Convertible Debentures — 68,625,040 shares (Direct, null)
Footnotes (1)
  1. The zero-coupon mandatory convertible debentures (obligaciones forzosamente convertibles or "Mandatory Convertible Debentures") do not accrue interest and are mandatorily converted into Series "A", "B", "D" and "L" shares of the Company and/or ordinary participation certificates ("CPOs"). Each 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 17.3498 Mexican Pesos per US dollar as of May 29, 2026. The subscription price of the Mandatory Convertible Debentures was determined based on market price, taking into account the volume-weighted average trading price of the CPOs during the 30 calendar days prior to the issuance of the debentures. At the date of vesting, the Mandatory Convertible Debentures will be mandatorily converted into CPOs. Represents the US dollar equivalent of the total subscription price of the Mandatory Convertible Debentures. Each 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. Not applicable.
CPOs awarded via plan 268,470 CPOs Held in Stock Purchase Plan, award on June 5, 2026
Exercise price for plan CPOs $0.09 per CPO Conversion or exercise price for Stock Purchase Plan CPOs
Underlying CPOs in debentures 68,625,040 CPOs Underlying security for Mandatory Convertible Debentures after award
Conversion price for debentures $0.57 per CPO Conversion or exercise price of Mandatory Convertible Debentures
Currency conversion rate 17.3498 MXN per USD Rate used for peso to US dollar equivalent on May 29, 2026
Mandatory Convertible Debentures financial
"The zero-coupon mandatory convertible debentures (obligaciones forzosamente convertibles or "Mandatory Convertible Debentures") do not accrue interest"
zero-coupon financial
"The zero-coupon mandatory convertible debentures ... do not accrue interest and are mandatorily converted"
ordinary participation certificates ("CPOs") financial
"shares of the Company and/or ordinary participation certificates ("CPOs"). Each CPO represents twenty-five Series "A" Shares"
volume-weighted average trading price financial
"subscription price ... was determined based on market price, taking into account the volume-weighted average trading price of the CPOs"
Volume-weighted average trading price (VWAP) is the average price of a stock over a trading period, where each trade’s price is weighted by how many shares changed hands, so big trades move the average more than small ones. Investors use VWAP as a benchmark to tell whether they bought or sold at a good price compared with the market’s trading activity—like checking if your grocery bill was close to the store’s typical daily average when many customers shopped.
currency conversion rate financial
"Reflects conversion from Mexican pesos into US dollars based on the currency conversion rate of 17.3498 Mexican Pesos per US dollar"
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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*
Tricio Haro Eduardo
(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
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
[TLEVISACPO.MX]
3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026		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
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
Mandatory Convertible Debentures(1)$0.57(2)(3)(4)06/03/2026A38,849,340.07(2)(3)(5)06/03/2027 (4)CPOs(1)68,625,040$38,849,340(2)(3)(4)(5)68,625,040D
CPOs held in Stock Purchase Plan(6)$0.09(2)06/05/2026A268,47004/10/2027 (7)CPOs(6)268,470$0(2)268,470IStock Purchase Plan(6)
Explanation of Responses:
1. The zero-coupon mandatory convertible debentures (obligaciones forzosamente convertibles or "Mandatory Convertible Debentures") do not accrue interest and are mandatorily converted into Series "A", "B", "D" and "L" shares of the Company and/or ordinary participation certificates ("CPOs"). Each 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. The subscription price of the Mandatory Convertible Debentures was determined based on market price, taking into account the volume-weighted average trading price of the CPOs during the 30 calendar days prior to the issuance of the debentures.
4. At the date of vesting, the Mandatory Convertible Debentures will be mandatorily converted into CPOs.
5. Represents the US dollar equivalent of the total subscription price of the Mandatory Convertible Debentures.
6. Each 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.
7. Not applicable.
/s/ Eduardo Tricio Haro06/05/2026
** 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 Eduardo Tricio Haro report for GRUPO TELEVISA (TV)?

Eduardo Tricio Haro reported two compensation-related acquisitions: 268,470 CPOs through a Stock Purchase Plan and zero-coupon Mandatory Convertible Debentures convertible into 68,625,040 CPOs. Both are awards, not open-market purchases or sales, and increase his equity-linked exposure.

Were the GRUPO TELEVISA (TV) Form 4 transactions open-market buys or sales?

The Form 4 shows no open-market buys or sales. Both transactions are coded as awards (code A), representing grants of CPOs and Mandatory Convertible Debentures. These are structured equity compensation grants rather than discretionary buying or selling in the public market.

How many CPOs tied to GRUPO TELEVISA (TV) did the director receive?

He received 268,470 CPOs held in a Stock Purchase Plan and Mandatory Convertible Debentures whose underlying security is 68,625,040 CPOs. The debentures are zero-coupon instruments that will be mandatorily converted into CPOs at vesting according to the disclosed terms.

What are GRUPO TELEVISA (TV) Mandatory Convertible Debentures mentioned in the filing?

They are zero-coupon obligations that do not pay interest and must convert into Series A, B, D and L shares and/or CPOs. The filing notes a conversion price of $0.57 per CPO, with mandatory conversion into CPOs at the vesting date, rather than cash repayment.

How are GRUPO TELEVISA (TV) CPOs defined in the insider filing?

Each CPO represents a bundle of underlying Televisa shares: twenty-five Series A shares, twenty-two Series B shares, thirty-five Series L shares, and thirty-five Series D shares. This structure lets investors hold exposure to multiple share series through a single CPO instrument.

Does the GRUPO TELEVISA (TV) Form 4 indicate remaining derivative positions?

After the award of Mandatory Convertible Debentures, the Form 4 shows 68,625,040 underlying CPOs associated with these instruments. The derivative summary is otherwise empty, indicating the reported holdings reflect the current disclosed derivative position at the time of this filing.