Mexican Economic Development (FMX) Director Michael Kahn Buys 2,100 ADRs

What Happened
Director Michael David Kahn executed an open-market purchase (code P) of 2,100 shares on 2026-08-11 at $118.13 per share, for a total transaction value of $248,073. This was a buy (acquisition) rather than a sale.

Key Details

• Transaction date and price: 2026-08-11 — 2,100 shares at $118.13 each (total $248,073).
• Report filed: Form 4 filed 2026-08-12 (one day after the trade) — appears timely.
• Shares owned after transaction: Not specified in the filing.
• Footnote: Reported securities are American Depositary Shares (ADRs). Each ADR represents 10 BD Units; each BD Unit consists of 1 Series B share + 2 Series D-B shares + 2 Series D-L shares (see footnote F1).

Context
The reported purchase is a direct buy (P = purchase) and therefore may be of interest to investors tracking insider accumulation. The ADR structure means each reported ADR covers multiple underlying class shares (10 BD Units per ADR), so the economic exposure is larger than the ADR count alone. The filing contains no indication of a 10b5-1 plan, gift, exercise, or tax-withholding event.