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.

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.

Insider Trade Summary

71,034 shares exercised/converted

Exercise 8 txns

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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Accepted by SEC EDGAR 03/17/2026 - 05:47 PM EDT Learn about SEC filing dates

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
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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.
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