Zaslav David 4
4 · GRUPO TELEVISA, S.A.B. · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
Televisa (TV) Director David Zaslav Exercises Options, Sells Shares
What Happened
David Zaslav, a director of Grupo Televisa, exercised in‑the‑money derivatives on April 30, 2026. The filing shows 55,500 shares reported as acquired at $0.46 each (total $25,530) and 55,500 shares reported as disposed at $0.00 (total $0). Separately, 8,900 shares were sold in an open‑market or private sale at $2.88 each for proceeds of $25,632. The zero‑price disposition and related footnotes indicate shares were surrendered/withheld (or sold by the administering trust) to cover the exercise price and related amounts.
Key Details
- Transaction date: 2026-04-30. Purchase/exercise price reported $0.46 per share (55,500 shares; $25,530). Open‑market sale: 8,900 shares at $2.88 ($25,632). A 55,500 share disposition at $0.00 is also reported (likely withholding/surrender).
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- F1: These are Global Depositary Shares (GDSs) that represent interests in Mexican CPOs; each GDS maps to multiple Mexican share classes.
- F2: USD amounts reflect conversion from Mexican pesos at 17.3853 MXN/USD (as of Apr 24, 2026).
- F3/F5: The trust that administers the Stock Purchase Plan for Directors sold a portion of GDSs on behalf of the reporting person (and similarly situated persons) to pay the Ps.8.00 per GDS price and related obligations; proceeds/prices are averaged across those sales.
- Filing timeliness: Report filed 2026-05-04 for a 2026-04-30 transaction — filed within the standard 2 business‑day window.
Context
This was primarily an exercise of derivatives with shares withheld/sold to cover the exercise cost and related obligations (a common "cashless" or net‑settlement-style outcome). The separate sale of 8,900 GDSs was an open‑market/private sale by the trust reporting proceeds of $25,632. Such exercises plus immediate withholding or sale to cover costs are routine and do not by themselves signal insider sentiment.
Insider Transaction Report
- Exercise of In-Money
GDS held in Stock Purchase Plan
[F1][F2][F4]2026-04-30−55,500→ 55,500 total(indirect: Stock Purchase Plan)Exercise: $0.46From: 2026-04-10→ GDSs (55,500 underlying) - Exercise of In-Money
GDSs
[F1][F2][F4]2026-04-30$0.46/sh+55,500$25,530→ 55,500 total→ CPOs (55,500 underlying) - Sale
GDSs
[F1][F2][F3][F5][F4]2026-04-30$2.88/sh−8,900$25,632→ 46,600 total→ CPOs (8,900 underlying)
Footnotes (5)
- [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.
- [F2]Reflects conversion from Mexican pesos into US dollars based on the currency conversion rate of 17.3853 Mexican pesos per US dollar as of April 24, 2026.
- [F3]Price is the average price of all sales described in footnote 5, 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]Not applicable.
- [F5]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 GDSs or related CPOs to pay the price of Ps.8.00 per GDS and deliver the remainder of these GDSs to the reporting person.