Liberty Latin America (LILA) CFO logs ESPP share match and tax withholding in Form 4

Rhea-AI Filing Summary

Liberty Latin America Ltd. SVP and CFO Christopher J. Noyes reported routine share movements in Class C common shares. On December 31, 2025, he acquired 46 shares at $0 under the employee stock purchase plan "match benefit," a transaction exempt under Rule 16b-3.

On the same date, 27 shares were withheld at $7.46 per share to cover related taxes. After these transactions, he held 552,233 Class C shares directly, plus 753 shares via an IRA and 18,764 shares via a 401(k) plan.

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^*

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)
12/31/2025

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 C Common Shares	12/31/2025		A(1)	V	46	A	$0	552,260	D
Class C Common Shares	12/31/2025		F(2)	V	27	D	$7.46	552,233	D
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

Explanation of Responses:

1. These shares were acquired pursuant to the "match benefit" of ESPP in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

2. Represents common shares that have been withheld by the Issuer to satisfy the tax liability in connection with the issuance of shares pursuant to the "match benefit."

Remarks:

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

	/s/ John M. Winter, Attorney-in-Fact	02/10/2026
	** 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 transaction did LILA CFO Christopher Noyes report on December 31, 2025?

Liberty Latin America (LILA) SVP and CFO Christopher J. Noyes reported acquiring 46 Class C common shares at $0 through an employee stock purchase plan match benefit, and 27 shares were withheld at $7.46 to cover related tax obligations.

How many Liberty Latin America (LILA) Class C shares does the CFO own after this Form 4?

After the reported transactions, Christopher J. Noyes beneficially owns 552,233 Class C shares directly, plus 753 shares held by an IRA and 18,764 shares held by a 401(k) plan, according to the Form 4 filing.

What do the Form 4 transaction codes A and F mean for LILA CFO’s filing?

In this Form 4, code A reflects 46 shares acquired at $0 via an ESPP match benefit. Code F reflects 27 shares withheld at $7.46 per share to satisfy the associated tax liability on those issued shares.

Was the Liberty Latin America (LILA) ESPP match transaction exempt under Rule 16b-3?

Yes. The filing states the 46 Class C shares were acquired under the ESPP “match benefit” in a transaction exempt under Rule 16b-3(d) and Rule 16b-3(c), which govern certain employee benefit and compensation-related share issuances.

How are indirect Liberty Latin America (LILA) holdings reported for the CFO?

The Form 4 shows indirect holdings separately: 753 Class C shares by an IRA and 18,764 Class C shares by a 401(k) plan. These are reported as indirect beneficial ownership, distinct from his 552,233 directly held shares.

Which Liberty Latin America (LILA) share class is involved in this insider filing?

All reported positions relate to Class C common shares of Liberty Latin America Ltd. The remarks note the issuer’s trading symbols for its classes of common shares are LILA, LILAB, and LILAK on the market.