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Liberty Latin America chair exercises RSUs, covers tax

Liberty Latin America Ltd. Executive Chairman Michael T. Fries reported equity compensation activity involving restricted share units and related share issuances.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Liberty Latin America Ltd. Executive Chairman Michael T. Fries reported equity compensation activity involving restricted share units and related share issuances. On March 15, 2026, he exercised derivatives covering 71,034 underlying Class A and Class C common shares, receiving the same number of shares.

To satisfy tax obligations, 6,808 Class A shares at $7.58 and 14,960 Class C shares at $7.77 were withheld as an F-code tax disposition, not an open-market sale. Following these transactions, he directly holds 297,215 Class A and 526,476 Class C common shares. On March 13, 2026, he also received new awards of 20,430 Restricted Share Units A and 40,860 Restricted Share Units C, each RSU representing one underlying share at settlement.

Positive

  • None.

Negative

  • None.
Insider FRIES MICHAEL T
Role Executive Chairman
Type Security Shares Price Value
Exercise Restricted Share Units A 23,678 $0.00 $0.00
Exercise Restricted Share Units C 47,356 $0.00 $0.00
Exercise Class A Common Shares 23,678 $0.00 $0.00
Exercise Price or Tax Liability Class A Common Shares 6,808 $7.58 $52K
Exercise Class C Common Shares 47,356 $0.00 $0.00
Exercise Price or Tax Liability Class C Common Shares 14,960 $7.77 $116K
Grant/Award Restricted Share Units A 20,430 $0.00 $0.00
Grant/Award Restricted Share Units C 40,860 $0.00 $0.00
Holdings After Transaction: Restricted Share Units A — 20,430 contracts (Direct); Restricted Share Units C — 40,860 contracts (Direct); Class A Common Shares — 297,215 shares (Direct); Class C Common Shares — 526,476 shares (Direct)
Footnotes (1)
  1. F1. 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.

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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*
FRIES MICHAEL T
(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Chairman
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 23,678 A $0(1) 304,023 D
Class A Common Shares 03/15/2026 F 6,808 D $7.58 297,215 D
Class C Common Shares 03/15/2026 M 47,356 A $0(1) 541,436 D
Class C Common Shares 03/15/2026 F 14,960 D $7.77 526,476 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 20,430 03/15/2027 03/15/2027 Class A Common Shares 20,430 (1) 20,430 D
Restricted Share Units C (1) 03/13/2026 A 40,860 03/15/2027 03/15/2027 Class C Common Shares 40,860 (1) 40,860 D
Restricted Share Units A (1) 03/15/2026 M 23,678 03/15/2026 03/15/2026 Class A Common Shares 23,678 (1) 0 D
Restricted Share Units C (1) 03/15/2026 M 47,356 03/15/2026 03/15/2026 Class C Common Shares 47,356 (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).
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.

Source: View Original Filing on SEC EDGAR