Liberty Latin America (LILA) director exercises RSUs and receives new share unit grants

Rhea-AI Filing Summary

Liberty Latin America director Daniel E. Sanchez reported routine equity compensation activity. On March 15, 2026, he exercised Restricted Share Units covering 7,477 Class A and 14,954 Class C common shares, increasing his direct holdings to 31,039 Class A and 59,713 Class C shares. These RSUs carried a zero exercise price and each unit settled into one common share.

Two days earlier, on March 13, 2026, he received new awards of 6,452 Restricted Share Units A and 12,904 Restricted Share Units C, each representing the right to receive one corresponding Class A or Class C common share at future settlement. The filing shows no open-market purchases, sales, gifts, or tax-withholding dispositions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sanchez Daniel E.

(Last) (First) (Middle)

C/O LIBERTY LATIN AMERICA LTD.

1550 WEWATTA STREET, SUITE 800

(Street)

DENVER CO 80202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Liberty Latin America Ltd. [ LILA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Shares	03/15/2026		M		7,477	A	$0(1)	31,039	D
Class C Common Shares	03/15/2026		M		14,954	A	$0(1)	59,713	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units A	(1)	03/13/2026		A		6,452		03/15/2027	03/15/2027	Class A Common Shares	6,452	(1)	6,452	D
Restricted Share Units C	(1)	03/13/2026		A		12,904		03/15/2027	03/15/2027	Class C Common Shares	12,904	(1)	12,904	D
Restricted Share Units A	(1)	03/15/2026		M			7,477	03/15/2026	03/15/2026	Class A Common Shares	7,477	(1)	0	D
Restricted Share Units C	(1)	03/15/2026		M			14,954	03/15/2026	03/15/2026	Class C Common Shares	14,954	(1)	0	D

Explanation of Responses:

1. Each Restricted Share Unit represents a right to receive one share of the Issuer's Class A common shares or Class C common shares, as the case may be, at settlement.

Remarks:

The trading symbols for the Issuer's classes of common shares are LILA, LILAB, and LILAK.

	/s/ John M. Winter, Attorney-in-Fact	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did Liberty Latin America (LILA) director Daniel Sanchez report in this Form 4?

Daniel E. Sanchez reported equity compensation activity, exercising Restricted Share Units into Class A and Class C common shares and receiving new RSU awards. The filing shows only grant and exercise transactions, with no open-market buying, selling, or gifting of Liberty Latin America shares.

How many Liberty Latin America Class A and Class C shares does Sanchez hold after these transactions?

Following the reported exercises, Sanchez directly holds 31,039 Class A common shares and 59,713 Class C common shares. These positions reflect settlement of previously granted Restricted Share Units into common shares, as disclosed in the Form 4 insider transaction summary.

What Restricted Share Unit awards did Sanchez receive from Liberty Latin America (LILA)?

Sanchez received 6,452 Restricted Share Units A and 12,904 Restricted Share Units C. Each unit represents a right to receive one corresponding Class A or Class C common share at settlement, with the units scheduled to settle around March 15, 2027, according to the disclosure.

Were there any Liberty Latin America share sales or purchases by Sanchez in this filing?

No share sales or open-market purchases were reported. All transactions involve the exercise of Restricted Share Units into Class A and Class C shares and the grant of new RSU awards. The transaction summary shows zero buy or sell shares in the period covered.

What is the exercise price of the Restricted Share Units reported by Sanchez at Liberty Latin America?

The Restricted Share Units reported in the filing have an exercise or conversion price of 0.0000. This means each RSU converts into one Class A or Class C common share without additional cash payment when the units settle, as described in the footnote.

Do the reported transactions change Sanchez’s economic exposure to Liberty Latin America (LILA)?

The transactions mainly convert existing Restricted Share Units into common shares and grant new RSUs, keeping exposure tied to Liberty Latin America equity. There are no disposals, gifts, or tax withholdings, so changes reflect form and timing of compensation rather than portfolio de-risking.