Martinez Bernardo Gomez 4

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.