FELTHEIMER JON 4

4 · GRUPO TELEVISA, S.A.B. · Filed May 5, 2026

AI-generated summary of this filing

Updated May 5, 2026

Televisa (TV) Director Jon Feltheimer Exercises Options, Sells Shares

What Happened

Jon Feltheimer, a director of Grupo Televisa, S.A.B. (TV), exercised in-the-money derivative rights on April 30, 2026, resulting in acquisition of 55,500 Global Depositary Shares (GDS-equivalents) at $0.46 each (total $25,530). The filing also reports a disposition of 55,500 derivative units at $0.00 (reflecting conversion/surrender on exercise).
On the same date, 8,900 of those GDS-equivalents were sold in an open-market or trust-directed sale at an average price of $2.88 per share, generating about $25,632. This pattern is consistent with a cashless exercise/settlement where some shares are sold to cover the purchase price/withholdings.

Key Details

Transaction date: April 30, 2026.
Acquired (derivative exercise): 55,500 GDS-equivalents @ $0.46 = $25,530.
Disposed (reported as derivative disposition): 55,500 units @ $0.00 (conversion/surrender).
Open-market/private sale: 8,900 GDS-equivalents @ $2.88 = $25,632 (average sale price per F3).
Shares owned after transaction: Not disclosed in this Form 4 filing.
Filing date vs. transaction date: Form filed May 5, 2026 for an April 30 transaction — appears to have been filed after the typical 2-business-day window for Form 4s.
Notable footnotes:
- F1: Each GDS represents financial interest/voting in a bundle of Mexican CPOs (complex share structure).
- F2: Peso-to-USD conversion used Ps.17.3853 = $1 (as of Apr 24, 2026).
- F3–F5: Sales/price are trust-aggregated averages; trust may sell a portion of GDSs at vesting to pay Ps.8.00 per GDS under the directors’ Stock Purchase Plan.

Context

This is essentially an exercise of a derivative/option position with some shares sold immediately to cover the exercise cost and related amounts (a cashless exercise/settlement handled by the trust). Such transactions are common for option/award exercises and do not, by themselves, signal the insider’s ongoing market view.
The small net cash outlay ($25.5K cost vs. $25.6K sale proceeds on the sold lot) suggests the sale was primarily to cover price/withholdings rather than a separate investment decision.

Form 4

Period: 2026-04-30

Director

Transactions

Exercise of In-Money
GDSs 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→ 810,965 total
→ CPOs (55,500 underlying)
Sale
GDSs
[F1][F2][F3][F5][F4]
2026-04-30$2.88/sh−8,900$25,632→ 802,065 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.

Signature

/s/ Jon Feltheimer|2026-05-04

1 file