Zaslav David 4

What Happened
Director David Zaslav reported an open-market sale of 110,826 Global Depositary Shares (GDS) of Grupo Televisa on July 1, 2026. The transaction used a volume-weighted average price of $2.70 per GDS, resulting in proceeds of approximately $298,698. The filing classifies the trade as a disposition of a derivative security (GDS).

Key Details

• Transaction date: 2026-07-01; Filing date: 2026-07-06 (filed 5 days after the trade — later than the standard 2-business-day Form 4 window).
• Price: VWAP $2.70; actual sale prices ranged from $2.6900 to $2.7250 (reporting person can provide per-price breakdown on request) (Footnote F2).
• Shares sold: 110,826 GDS; total proceeds ≈ $298,698. Transaction type: Sale (S), derivative security.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote F1: Each GDS represents a financial interest in five CPOs, and each CPO represents multiple classes of Grupo Televisa ordinary shares (details in F1).
• Footnote F3: Not applicable. No 10b5-1 plan, tax-withholding, or exercise notation was provided in the excerpt.

Context
This was a sale of GDS (a depositary/derivative instrument tied to underlying ordinary shares), not an options exercise or award. Sales by insiders can be routine (diversification, liquidity needs, etc.) and do not by themselves indicate company performance or insider sentiment. The filing was submitted after the typical 2-business-day Form 4 deadline, which reduces near-term transparency and can attract regulatory scrutiny depending on circumstances.