America Movil CFO Executes Derivative Transactions via Holding Entity

Insider Filing Analysis: America Movil SAB de CV (NYSE: AMX)

Executive Summary

On November 4, 2026, Carlos Jose Garcia Moreno Elizondo, Chief Financial Officer of America Movil SAB de CV, reported a series of derivative option transactions conducted on November 2, 2026. The positions were established indirectly through Inmobiliaria Evian-Chamonix S.A. de C.V., an entity where the reporting person is the majority shareholder.

Key Transaction Details

1. Put Option (Obligation to Buy):

   • Action: Disposed/Written (Code S)
   • Contracts: 500 contracts covering 1,000,000 Series B Shares (equivalent to 50,000 ADRs)
   • Exercise Price: $1.15 per Series B share
   • Transaction Price: $1.97
   • Expiration: May 19, 2028

2. Call Option (Right to Buy):

   • Action: Acquired/Purchased (Code P)
   • Contracts: 260 contracts covering 520,000 Series B Shares (equivalent to 26,000 ADRs)
   • Exercise Price: $1.40 per Series B share
   • Transaction Price: $2.27
   • Expiration: May 19, 2028

3. Call Option (Right to Buy):

   • Action: Acquired/Purchased (Code P)
   • Contracts: 212 contracts covering 424,000 Series B Shares (equivalent to 21,200 ADRs)
   • Exercise Price: $1.35 per Series B share
   • Transaction Price: $1.87
   • Expiration: November 19, 2027

Strategic Context

The structure resembles a synthetic bullish or risk-reversal positioning where put options were written alongside the purchase of long-dated call options (expiring in late 2027 and mid-2028). Because these are custom derivative strategies executed via a holding entity rather than open-market direct common stock transactions, this filing carries Low direct predictive significance for near-term stock performance.