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

Televisa (NYSE: TV) director uses stock plan to sell and exercise CPOs

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

Rhea-AI Filing Summary

GRUPO TELEVISA, S.A.B. director Eduardo Tricio Haro reported plan-related trades in CPOs. He completed an open-market sale of 44,500 CPOs at $0.57 per CPO and exercised in-the-money rights to acquire 277,500 CPOs at a conversion price of $0.09 per CPO.

The derivative exercise was executed through a Stock Purchase Plan for Directors, with a trust selling a portion of the CPOs to pay the plan price and delivering the remainder to the director. Following these transactions, he directly holds 212,861,400 CPOs. Each CPO represents a basket of underlying Series A, B, L and D shares of Grupo Televisa.

Positive

  • None.

Negative

  • None.

Insights

Director’s CPO trades appear routine and plan-driven with minor net impact.

Director Eduardo Tricio Haro sold 44,500 CPOs at $0.57 and exercised rights to receive 277,500 CPOs at $0.09, via a Stock Purchase Plan for Directors administered by a trust. The filing shows a typical exercise-and-fund pattern.

After these transactions, he holds 212,861,400 CPOs, indicating the sale is small relative to his position. With the derivativeSummary empty, the visible derivative position linked to this plan has been fully exercised. Overall, this looks like routine compensation-related activity rather than a thesis-changing move.

Insider Tricio Haro Eduardo
Role null
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 — 212,861,400 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 at $0.57 per CPO
Sale price $0.57 per CPO Average price for 44,500 CPOs sold
CPOs exercised 277,500 CPOs In-the-money derivative exercise
Exercise price $0.09 per CPO Conversion price for 277,500 CPOs
Post-transaction holdings 212,861,400 CPOs Direct ownership after reported trades
FX rate 17.5161 MXN per USD Conversion rate as of April 30, 2026
Certificado de Participacion Ordinarios ("CPO") 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"
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.
CPOs held in Stock Purchase Plan financial
""security_title": "CPOs held in Stock Purchase Plan""
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)
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)212,861,400D
CPOs(1)05/04/2026S44,500D$0.57(2)(3)(4)212,816,900D
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/ Eduardo Tricio Haro05/06/2026
** 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) director Eduardo Tricio Haro report?

He reported an open-market sale of 44,500 CPOs at $0.57 per CPO and an in-the-money exercise for 277,500 CPOs at $0.09 per CPO. These trades were tied to a director Stock Purchase Plan administered by a trust.

How many Grupo Televisa (TV) CPOs did the director 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 sales executed by a trust on behalf of several similarly situated participants, aggregated into a single average figure.

What CPOs did Eduardo Tricio Haro acquire through the stock purchase plan at Grupo Televisa (TV)?

He exercised in-the-money rights for 277,500 CPOs at a conversion price of $0.09 per CPO. A trust administering the Stock Purchase Plan for Directors sold part of these CPOs to pay the plan price and delivered the remaining CPOs to him.

What is Eduardo Tricio Haro’s Grupo Televisa (TV) CPO holding after these trades?

Following the reported sale and exercise, he directly holds 212,861,400 CPOs. This post-transaction balance suggests the 44,500 CPOs sold represent a small portion of his overall position as reflected in this filing’s ownership table.

How are Grupo Televisa (TV) CPOs defined in this insider filing?

Each Certificado de Participacion Ordinarios (CPO) represents 25 Series A Shares, 22 Series B Shares, 35 Series L Shares and 35 Series D Shares of Grupo Televisa, S.A.B. This bundled structure is disclosed directly in the filing’s footnotes for clarity.

What role does the Stock Purchase Plan play in Grupo Televisa (TV) director trades?

The filing states a trust administering the Stock Purchase Plan for Directors sells a portion of CPOs at vesting to pay the plan price of Ps.1.60 per CPO and then delivers the remaining CPOs to the director, shaping both the exercise and related sale flows.