Martinez Bernardo Gomez 4
4 · GRUPO TELEVISA, S.A.B. · Filed May 6, 2026
Research Summary
AI-generated summary of this filing
Televisa (TV) CEO Martinez Gomez Exercises Options, Sells Shares
What Happened
Martinez Bernardo Gomez, CEO of Grupo Televisa, exercised in-the-money derivative rights on May 4, 2026 to acquire 277,500 shares at $0.09 per share (total $24,975). On the same day he disposed of 44,500 shares in an open-market sale at $0.57 per share (total $25,365). The filing also records a derivative disposition of 277,500 shares at $0.00 (no cash proceeds) related to the exercise transaction.
Key Details
- Transaction date: 2026-05-04 (Form 4 filed 2026-05-06; appears timely).
- Acquired: 277,500 shares via exercise (code X) at $0.09/share = $24,975.
- Sold (open market): 44,500 shares (code S) at $0.57/share = $25,365.
- Disposed (derivative): 277,500 shares (code X) at $0.00 = $0 (see footnotes).
- Shares owned after transaction: Not disclosed in the filing.
- Notable footnotes:
- F1: Transactions concern CPOs (each CPO represents multiple underlying share series).
- F2: USD amounts reflect conversion from Mexican pesos at Ps.17.5161 = $1 (as of 4/30/2026).
- F3/F4: A trust administering the plan sold a portion of CPOs on behalf of the reporting person to pay the plan price (Ps.1.60 per CPO) and deliver the remainder — consistent with a cashless or trust-facilitated settlement.
- F5: Not applicable.
Context
This filing shows an option/derivative exercise with an associated sale activity. The trust sale described in the footnotes suggests part of the position was sold to cover the exercise price or plan obligations, while the reporting person also sold shares in the open market. Purchases (exercises) indicate acquisition of shares, but the near-immediate sales imply a cashless/settlement component rather than a straightforward long-term buy.
Insider Transaction Report
- Exercise of In-Money
CPOs
[F1][F2]2026-05-04$0.09/sh+277,500$24,975→ 38,976,825 total - Sale
CPOs
[F1][F2][F3][F4]2026-05-04$0.57/sh−44,500$25,365→ 38,932,325 total - Exercise of In-Money
CPOs held in Stock Purchase Plan
[F1][F2][F5]2026-05-04−277,500→ 0 total(indirect: Stock Purchase Plan)Exercise: $0.09From: 2026-04-10→ CPOs (277,500 underlying)
Footnotes (5)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]Not applicable.