Valim Francisco 4

4 · GRUPO TELEVISA, S.A.B. · Filed May 7, 2026

AI-generated summary of this filing

Updated May 8, 2026

Grupo Televisa (TV) izzi CEO Valim Exercises Options, Sells 225,000

What Happened

Francisco Valim, CEO of izzi (Grupo Televisa's cable unit) exercised in‑the‑money derivative rights and sold underlying securities. On May 6, 2026 he exercised 225,000 CPO-equivalent shares at $0.09 each (cost $20,250) and sold those 225,000 shares in the open market at a VWAP of $0.57, generating $128,250 in proceeds. The filing also shows an additional exercise of 225,000 shares on May 7, 2026 reported as a derivative disposition with $0 cash reported; the filing does not provide further explanation for that entry.
The May 6 activity is effectively a cashless exercise followed by an immediate sale (exercise + sell). Sales are often routine liquidity or tax-related actions rather than a directional bet on the stock.

Key Details

Transaction dates & amounts:
- 2026-05-06: Exercise (X) — 225,000 shares acquired @ $0.09 each; total reported $20,250 (USD).
- 2026-05-06: Sale (S) — 225,000 shares sold in open market @ $0.57 VWAP; total reported $128,250 (USD). Actual MXN prices ranged 9.9100–9.9900 (per filing).
- 2026-05-07: Exercise (X) — 225,000 shares reported as disposed (derivative) with $0 reported.
Shares owned after transaction: not specified in the filing.
Notable footnotes:
- F1: Each CPO represents multiple underlying share classes (see filing).
- F2: USD amounts converted from MXN at 17.3969 MXN/USD (May 1, 2026).
- F3: VWAP and price range for the May 6 sale were disclosed; detailed per-price breakdown available upon request.
Filing timeliness: Report covers 2026-05-06 and was filed 2026-05-07 — appears timely (no late filing indicated).

Context

For retail investors: an exercise immediately followed by a sale is a cashless or liquidity-driven move; it does not necessarily signal the insider's long‑term view on the company. The filing records both the exercise and the sale separately, and also shows a second exercise entry with no cash reported on May 7 that the filing does not further explain.
CPO note: these are certificated units that represent multiple Grupo Televisa share classes (see F1), so reported counts refer to CPOs, not single-class ordinary shares.

Form 4

Period: 2026-05-06

See remarks

Transactions

Exercise of In-Money
CPOs
[F1][F2]
2026-05-06$0.09/sh+225,000$20,250→ 225,000 total
Sale
CPOs
[F1][F2][F3]
2026-05-06$0.57/sh−225,000$128,250→ 0 total
Exercise of In-Money
CPOs held in Long Term Retention Plan
[F1][F2]
2026-05-07−225,000→ 0 total
Exercise: $0.09From: 2026-04-10Exp: 2029-04-10→ CPOs (225,000 underlying)

Footnotes (3)

[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]The reported amount was converted into US dollars based on the currency conversion rate of 17.3969 Mexican Pesos per US dollar as of May 1, 2026.
[F3]Price is the volume weighted average selling price of all sales by the reporting person on the transaction date. Actual prices ranged from 9.9100 Mexican Pesos to 9.9900 Mexican Pesos. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

Signature

/s/ Francisco Valim|2026-05-07

1 file