DE ANGOITIA ALFONSO 4
4 · GRUPO TELEVISA, S.A.B. · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
Grupo Televisa CEO Alfonso De Angoitia Receives Mandatory Convertibles
What Happened
- Alfonso De Angoitia, CEO of Grupo Televisa (TV), acquired mandatory convertible debentures (reported as derivative acquisitions). The filing shows a total subscription price of $30,518,001 (USD equivalent) on 2026-06-03 and derivative entries on 2026-06-05 representing about 24,909,340 underlying Series "A" shares. The derivative entries are listed at $0.00 (reflecting that these are convertibles, not a cash purchase of shares at the time of reporting).
Key Details
- Transaction dates: subscription reported 2026-06-03 (cash equivalent $30,518,001), derivative entries dated 2026-06-05.
- Underlying shares shown: 268,470; 12,066,300; and 12,574,570 Series "A" shares — total ~24,909,340 shares (all reported as derivative acquisitions at $0.00).
- Conversion and economics: These are zero-coupon mandatory convertible debentures (do not accrue interest) that will be mandatorily converted into Series "A" shares one year after issuance (per footnotes).
- Currency conversion: US$ amounts reflect conversion from Mexican pesos at 17.3498 MXN/USD (rate as of May 29, 2026).
- Shares owned after transaction: not specified in the provided filing details.
- Filing timeliness: Form 4 was filed 2026-06-05 reporting a 2026-06-03 subscription — appears to be timely (Form 4 is generally due within two business days).
- Notable footnotes: F1 (zero-coupon convertibles), F2/F3 (MXN→USD conversion and US$ equivalent), F4/F6 (subscription pricing based on CPO VWAP and CPO share composition), F5 (conversion occurs one year after issuance), F7 not applicable.
Context
- These are derivative securities (mandatory convertibles), not an immediate open-market purchase of shares — the debentures will convert into Series "A" shares in one year, so the shares are not yet outstanding or tradable to him as common stock today.
- Such a subscription is a form of acquiring future equity exposure; it is not an immediate sale or purchase of existing stock on the market and therefore may have different implications than a straight buy or sell.
Insider Transaction Report
Form 4
DE ANGOITIA ALFONSO
DirectorCo-Chief Executive Officer
Transactions
- Award
Mandatory Convertible Debentures
[F1][F2][F4][F5][F3]2026-06-03$30518001.00/sh→ 6,307,262,714 totalExercise: $0.00From: 2027-06-03→ Series "A" Shares (6,307,262,714 underlying) - Award
CPOs held in Stock Purchase Plan
[F6][F2][F7]2026-06-05+268,470→ 268,470 total(indirect: Stock Purchase Plan)Exercise: $0.09From: 2027-04-10→ CPOs (268,470 underlying) - Award
CPOs held in Long Term Retention Plan
[F6][F2]2026-06-05+12,066,300→ 12,066,300 total(indirect: Long-Term Retention Plan)Exercise: $0.09From: 2029-04-10Exp: 2032-04-10→ CPOs (12,066,300 underlying) - Award
CPOs held in Long-Term Retention Plan
[F6][F2]2026-06-05+12,574,570→ 12,574,570 total(indirect: Long-Term Retention Plan)Exercise: $0.59From: 2029-04-10Exp: 2032-04-10→ CPOs (12,574,570 underlying)
Footnotes (7)
- [F1]The zero-coupon mandatory convertible debentures (obligaciones forzosamente convertibles or "Mandatory Convertible Debentures") do not accrue interest and will be mandatorily converted into Series "A" Shares of Grupo Televisa, S.A.B.
- [F2]Reflects conversion from Mexican pesos into US dollars based on the currency conversion rate of 17.3498 Mexican Pesos per US dollar as of May 29, 2026.
- [F3]Represents the US dollar equivalent of the total subscription price of the Mandatory Convertible Debentures.
- [F4]The subscription price of the Mandatory Convertible Debentures was determined based on market price, taking into account the volume-weighted average trading price of the ordinary participation certificates ("CPOs") during the 30 calendar days prior to the issuance of the Mandatory Convertible Debentures, divided equally by the one hundred seventeen shares represented by each CPO (consisting of 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.).
- [F5]On the date that is one year following their issuance, the Mandatory Convertible Debentures will be mandatorily converted into Series "A" Shares.
- [F6]Each 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.
- [F7]Not applicable.
Signature
/s/ Alfonso de Angoitia Noriega|2026-06-05