CHEDRAUI EGUIA Jose Antonio 4
4 · GRUPO TELEVISA, S.A.B. · Filed May 6, 2026
Research Summary
AI-generated summary of this filing
Grupo Televisa (TV) Advisor Jose Antonio Chedraui Exercises, Sells
What Happened
CHEDRAUI EGUIA, Jose Antonio (Administrative Advisor) exercised in‑the‑money derivative rights on May 4, 2026, resulting in the acquisition of 277,500 CPOs at an effective cost of $0.09 per share (total reported $24,975). On the same day he sold 44,500 shares in an open‑market/private sale at an average price of $0.57 per share (total $25,365). The filing also reports the derivative instrument being disposed/settled in connection with the exercise (277,500 units reported with $0 value), consistent with conversion/settlement of the derivative.
Key Details
- Transaction date: 2026-05-04; Form 4 filed 2026-05-06 (appears timely).
- Actions reported: exercise of in‑the‑money derivative (277,500), open‑market/private sale of 44,500 shares.
- Prices/values reported: acquisition at $0.09 per share (total $24,975); sale at $0.57 per share (total $25,365); derivative disposal reported at $0.00 value.
- Net change (simple arithmetic): +233,000 shares (277,500 acquired − 44,500 sold).
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- F1: Each CPO represents multiple underlying Televisa share series (conversion ratios apply).
- F2: USD amounts reflect MXN→USD conversion using 17.5161 MXN/USD (as of 4/30/2026).
- F3/F4: Sales were effected by a trust on behalf of the reporting person (average sale price reflects combined sales); the trust may sell a portion of CPOs to pay the exercise price (Ps.1.60 per CPO) and deliver the remainder to the reporting person.
Context
- This appears to be a cashless/settlement style exercise where a trust handled part of the proceeds/withholding: the trust sold some CPOs to cover the exercise price and possibly taxes, and the remainder was delivered to the insider. The derivative line showing $0 typically reflects settlement of the derivative instrument rather than a separate cash sale.
- Purchases (exercises that increase holdings) are often more informative than routine sales; here the insider acquired a material number of CPOs and sold a smaller portion the same day.
- No indication in the filing of a 10b5‑1 plan or late filing beyond the posted dates.
Insider Transaction Report
Form 4
CHEDRAUI EGUIA Jose Antonio
Administrative Advisor
Transactions
- Exercise of In-Money
CPOs
[F1][F2]2026-05-04$0.09/sh+277,500$24,975→ 890,073 total - Sale
CPOs
[F1][F2][F3][F4]2026-05-04$0.57/sh−44,500$25,365→ 845,573 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.
Signature
/s/ Jose Antonio Chedraui Eguia|2026-05-06