CHEVEZ ROBELO Francisco Jose 4
4 · GRUPO TELEVISA, S.A.B. · Filed May 6, 2026
Research Summary
AI-generated summary of this filing
Grupo Televisa Director Francisco Chevez Exercises Options, Sells Shares
What Happened
- Director Francisco Jose Chevez Robelo exercised in‑the‑money derivative securities on May 4, 2026 to acquire 277,500 CPOs/shares at $0.09 each (total cost reported $24,975). On the same date the trust sold 44,500 shares in the open market at an average $0.57 per share for proceeds of $25,365. The filing also reports a derivative disposition of 277,500 shares at $0.00 in connection with the exercise (see footnotes regarding the trust and plan mechanics).
Key Details
- Transaction date: 2026-05-04; Form 4 filed 2026-05-06 (timely within the usual 2‑business‑day window).
- Acquired: 277,500 shares via exercise at $0.09 each — total $24,975 (USD amounts reflect conversion per F2).
- Sold: 44,500 shares in open market at average $0.57 — proceeds $25,365 (price is average of trust sales per F3).
- Reported derivative disposition: 277,500 shares at $0.00 (reflects plan/trust mechanics).
- Shares owned after transaction: Not stated in the provided filing excerpt.
- Notable footnotes: F1 explains each CPO represents multiple underlying series shares; F3–F4 explain the trust administering the Stock Purchase Plan will sell a portion of CPOs to pay the exercise price (Ps.1.60 per CPO) and deliver the remainder to the reporting person; USD conversions use the rate in F2.
Context
- This appears to be a routine director stock plan transaction: the director exercised in‑the‑money rights and the administering trust sold a portion of the resulting CPOs to cover the exercise price/obligations (a cashless-like mechanism described in the footnotes). Such plan-related sales commonly reflect administrative requirements rather than an independent market timing decision by the insider.
Insider Transaction Report
Form 4
CHEVEZ ROBELO Francisco Jose
Director
Transactions
- Exercise of In-Money
CPOs
[F1][F2]2026-05-04$0.09/sh+277,500$24,975→ 882,775 total - Sale
CPOs
[F1][F2][F3][F4]2026-05-04$0.57/sh−44,500$25,365→ 838,275 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 Francisco Chevez Robelo|2026-05-06