Liberty Latin America (LILA) CAO reports RSU exercises, tax withholding and new SAR grants

Rhea-AI Filing Summary

Liberty Latin America Ltd. managing director and chief accounting officer Brian D. Zook reported equity compensation activity, mainly exercising restricted share units and receiving new share-based awards. On March 15, 2026, he exercised RSUs that delivered 5,700 and 7,218 Class A common shares and 11,401 and 14,436 Class C common shares.

To cover tax obligations, 1,639 and 2,076 Class A shares at $7.58 and 3,278 and 4,151 Class C shares at $7.77 were withheld, rather than sold in the open market. After these transactions, he directly holds 16,016 Class A shares and 33,168 Class C shares, plus additional indirect holdings through an IRA and a 401(k) plan.

Separately on March 13, 2026, he received grants of 16,768 Share Appreciation Rights tied to Class A shares at an exercise price of $7.58 and 33,536 Share Appreciation Rights tied to Class C shares at $7.77, expiring on March 13, 2036. These SARs vest in three equal installments on March 15 of 2027, 2028 and 2029.

Insider Trade Summary

38,755 shares exercised/converted

Mixed 17 txns

Insider ZOOK BRIAN D

Role MD, CHIEF ACCOUNTING OFFICER

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units A	5,700	$0.00	--
Exercise	Restricted Share Units C	11,401	$0.00	--
Exercise	Restricted Share Units A	7,218	$0.00	--
Exercise	Restricted Share Units C	14,436	$0.00	--
Exercise	Class A Common Shares	5,700	$0.00	--
Tax Withholding	Class A Common Shares	1,639	$7.58	$12K
Exercise	Class A Common Shares	7,218	$0.00	--
Tax Withholding	Class A Common Shares	2,076	$7.58	$16K
Exercise	Class C Common Shares	11,401	$0.00	--
Tax Withholding	Class C Common Shares	3,278	$7.77	$25K
Exercise	Class C Common Shares	14,436	$0.00	--
Tax Withholding	Class C Common Shares	4,151	$7.77	$32K
Grant/Award	Share Appreciation Rights A	16,768	$0.00	--
Grant/Award	Share Appreciation Rights C	33,536	$0.00	--
holding	Class A Common Shares	--	--	--
holding	Class C Common Shares	--	--	--
holding	Class C Common Shares	--	--	--

Holdings After Transaction: Restricted Share Units A — 0 shares (Direct); Restricted Share Units C — 0 shares (Direct); Class A Common Shares — 12,513 shares (Direct); Class C Common Shares — 26,161 shares (Direct); Share Appreciation Rights A — 16,768 shares (Direct); Share Appreciation Rights C — 33,536 shares (Direct); Class A Common Shares — 93 shares (Indirect, By IRA); Class C Common Shares — 1,312 shares (Indirect, By IRA)

Footnotes (1)

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. The Share Appreciation Rights vest in three equal annual installments on March 15 of 2027, 2028 and 2029. The RSUs vest in three equal annual installments on March 15 of 2024, 2025 and 2026. The RSUs vest in three equal annual installments on March 15 of 2025, 2026 and 2027.

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

ZOOK BRIAN D

(Last) (First) (Middle)

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	MD, CHIEF ACCOUNTING OFFICER

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		5,700	A	(1)	12,513	D
Class A Common Shares	03/15/2026		F		1,639	D	$7.58	10,874	D
Class A Common Shares	03/15/2026		M		7,218	A	(1)	18,092	D
Class A Common Shares	03/15/2026		F		2,076	D	$7.58	16,016	D
Class C Common Shares	03/15/2026		M		11,401	A	(1)	26,161	D
Class C Common Shares	03/15/2026		F		3,278	D	$7.77	22,883	D
Class C Common Shares	03/15/2026		M		14,436	A	(1)	37,319	D
Class C Common Shares	03/15/2026		F		4,151	D	$7.77	33,168	D
Class A Common Shares								93	I	By IRA
Class C Common Shares								1,312	I	By IRA
Class C Common Shares								17,411	I	By 401(k) Plan

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
Share Appreciation Rights A	$7.58	03/13/2026		A		16,768		(2)	03/13/2036	Class A Common Shares	16,768	$0	16,768	D
Share Appreciation Rights C	$7.77	03/13/2026		A		33,536		(2)	03/13/2036	Class C Common Shares	33,536	$0	33,536	D
Restricted Share Units A	(1)	03/15/2026		M			5,700	(3)	(3)	Class A Common Shares	5,700	$0	0	D
Restricted Share Units C	(1)	03/15/2026		M			11,401	(3)	(3)	Class C Common Shares	11,401	$0	0	D
Restricted Share Units A	(1)	03/15/2026		M			7,218	(4)	(4)	Class A Common Shares	7,218	$0	7,218	D
Restricted Share Units C	(1)	03/15/2026		M			14,436	(4)	(4)	Class C Common Shares	14,436	$0	14,436	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.

2. The Share Appreciation Rights vest in three equal annual installments on March 15 of 2027, 2028 and 2029.

3. The RSUs vest in three equal annual installments on March 15 of 2024, 2025 and 2026.

4. The RSUs vest in three equal annual installments on March 15 of 2025, 2026 and 2027.

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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Liberty Latin America (LILA) executive Brian Zook report in this Form 4?

Brian Zook reported exercises of restricted share units and related tax withholding, plus new grants of share appreciation rights. These are equity compensation events, not open-market share purchases or sales, and reflect routine vesting and award activity for a senior executive.

How many Liberty Latin America Class A and C shares does Brian Zook hold after the transactions?

After the reported activity, Brian Zook directly holds 16,016 Class A common shares and 33,168 Class C common shares. He also has indirect holdings of 93 Class A shares and 1,312 and 17,411 Class C shares through an IRA and a 401(k) plan.

Were any of Brian Zook’s Liberty Latin America shares sold on the open market?

No open-market sales are shown. The only dispositions are F-code transactions, where 1,639 and 2,076 Class A shares and 3,278 and 4,151 Class C shares were withheld to pay tax liabilities associated with RSU vesting, rather than being sold into the market.

What new share appreciation rights did Brian Zook receive from Liberty Latin America?

He received 16,768 Share Appreciation Rights linked to Class A shares at an exercise price of $7.58 and 33,536 Share Appreciation Rights linked to Class C shares at $7.77. Both series expire on March 13, 2036, and are equity-based compensation awards.

When do Brian Zook’s new Liberty Latin America share appreciation rights vest?

The share appreciation rights vest in three equal annual installments on March 15 of 2027, 2028 and 2029. Vesting means portions of the award become exercisable over time, encouraging longer-term alignment between the executive and Liberty Latin America shareholders.

How many restricted share units did Brian Zook exercise into Liberty Latin America shares?

He exercised RSUs covering 5,700 and 7,218 underlying Class A shares and 11,401 and 14,436 underlying Class C shares. Each restricted share unit converts into one corresponding common share at settlement, as described in the filing’s footnote on RSU structure.