Liberty Latin America (LILA) CFO awarded RSUs, SARs and exercises prior equity grants

Rhea-AI Filing Summary

Liberty Latin America’s SVP and CFO Christopher J. Noyes reported a series of equity compensation transactions. On March 13, 2026, he received 64,516 Restricted Share Units A and 129,032 Restricted Share Units C, plus 121,951 Share Appreciation Rights A at $7.58 and 243,902 Share Appreciation Rights C at $7.77 per share. These awards vest in three equal annual installments on March 15, 2027, 2028 and 2029.

On March 15, 2026, previously granted RSUs were exercised into Class A and Class C common shares, and 133,198 shares were withheld at prices around $7.58 and $7.77 to cover tax obligations, not as open-market sales. Following these transactions, Noyes directly holds 259,121 Class A and 607,236 Class C common shares, and indirectly holds 40,000 Class A and 19,517 Class C shares through IRA and 401(k) accounts.

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

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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^*

NOYES CHRISTOPHER J

(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)
	SVP, CHIEF FINANCIAL 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		20,729	A	(1)	252,350	D
Class A Common Shares	03/15/2026		F		12,801	D	$7.58	239,549	D
Class A Common Shares	03/15/2026		M		26,246	A	(1)	265,795	D
Class A Common Shares	03/15/2026		F		16,207	D	$7.58	249,588	D
Class A Common Shares	03/15/2026		M		24,925	A	(1)	274,513	D
Class A Common Shares	03/15/2026		F		15,392	D	$7.58	259,121	D
Class C Common Shares	03/15/2026		M		41,459	A	(1)	593,692	D
Class C Common Shares	03/15/2026		F		25,601	D	$7.77	568,091	D
Class C Common Shares	03/15/2026		M		52,493	A	(1)	620,584	D
Class C Common Shares	03/15/2026		F		32,415	D	$7.77	588,169	D
Class C Common Shares	03/15/2026		M		49,849	A	(1)	638,018	D
Class C Common Shares	03/15/2026		F		30,782	D	$7.77	607,236	D
Class A Common Shares								40,000	I	By IRA
Class C Common Shares								753	I	By IRA
Class C Common Shares								18,764	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
Restricted Share Units A	(1)	03/13/2026		A		64,516		(2)	(2)	Class A Common Shares	64,516	(1)	64,516	D
Restricted Share Units C	(1)	03/13/2026		A		129,032		(2)	(2)	Class C Common Shares	129,032	(1)	129,032	D
Share Appreciation Rights A	$7.58	03/13/2026		A		121,951		(3)	03/13/2036	Class A Common Shares	121,951	$0	121,951	D
Share Appreciation Rights C	$7.77	03/13/2026		A		243,902		(3)	03/13/2036	Class C Common Shares	243,902	$0	243,902	D
Restricted Share Units A	(1)	03/15/2026		M			20,729	(4)	(4)	Class A Common Shares	20,729	$0	0	D
Restricted Share Units C	(1)	03/15/2026		M			41,459	(4)	(4)	Class C Common Shares	41,459	$0	0	D
Restricted Share Units A	(1)	03/15/2026		M			26,246	(5)	(5)	Class A Common Shares	26,246	$0	26,246	D
Restricted Share Units C	(1)	03/15/2026		M			52,493	(5)	(5)	Class C Common Shares	52,493	$0	52,493	D
Restricted Share Units A	(1)	03/15/2026		M			24,925	(6)	(6)	Class A Common Shares	24,925	$0	49,848	D
Restricted Share Units C	(1)	03/15/2026		M			49,849	(6)	(6)	Class C Common Shares	49,849	$0	99,696	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 RSUs vest in three equal annual installments on March 15 of 2027, 2028 and 2029.

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

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

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

6. The Restricted Share Units vest in three equal annual installments on March 15, 2026, 2027, 2028.

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.
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FAQ

What insider transactions did Liberty Latin America (LILA) CFO report on this Form 4?

The filing shows CFO Christopher J. Noyes receiving new restricted share units and share appreciation rights, exercising previously granted RSUs, and having shares withheld to cover taxes. All dispositions were tax-withholding transactions, not open-market sales or purchases of Liberty Latin America shares.

How many new equity awards did Liberty Latin America (LILA) grant its CFO?

The CFO was granted 64,516 Restricted Share Units A and 129,032 Restricted Share Units C, plus 121,951 Share Appreciation Rights A at $7.58 and 243,902 Share Appreciation Rights C at $7.77. These represent compensation awards, not open-market stock purchases.

When do the new RSUs and share appreciation rights for Liberty Latin America (LILA) CFO vest?

The newly granted RSUs and share appreciation rights vest in three equal annual installments on March 15, 2027, March 15, 2028, and March 15, 2029. This staggered vesting schedule is designed to align ongoing compensation with multi-year company performance.

How many Liberty Latin America (LILA) shares does the CFO own after these transactions?

After the reported activity, the CFO directly holds 259,121 Class A and 607,236 Class C common shares. He also indirectly holds 40,000 Class A and 19,517 Class C shares through IRA and 401(k) accounts, according to the Form 4 disclosure.

Were there any open-market purchases or sales by the Liberty Latin America (LILA) CFO?

No open-market purchases or sales are reported. The Form 4 shows option-like RSU exercises and F-code transactions, which are shares withheld at $7.58 and $7.77 per share to pay taxes, rather than discretionary buying or selling on the market.

What do the tax-withholding transactions mean in Liberty Latin America (LILA) CFO’s Form 4?

The F-code entries reflect 133,198 shares delivered back to the issuer at set prices to pay tax liabilities from RSU vesting and exercises. These are mechanical compensation-related dispositions, not market-driven sales, and do not indicate a change in investment view.