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  4. [Form 4] Liberty Latin America Ltd. Insider Trading Activity

Liberty Latin America director exercises RSUs, keeps shares

Liberty Latin America director Alfonso de Angoitia reported compensation-related share movements.

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

Rhea-AI Filing Summary

Liberty Latin America director Alfonso de Angoitia reported compensation-related share movements. On March 15, 2026, he exercised 7,477 Restricted Share Units A into Class A common shares and 14,954 Restricted Share Units C into Class C common shares. To cover tax obligations, 315 Class A shares at $7.58 and 629 Class C shares at $7.77 were withheld, which is not an open-market sale. Following these transactions, he directly holds 46,186 Class A and 99,847 Class C common shares. On March 13, 2026, he also received new awards of 6,452 Restricted Share Units A and 12,904 Restricted Share Units C, each representing the right to receive one corresponding common share at settlement.

Positive

  • None.

Negative

  • None.

Insights

Routine RSU vesting, tax withholding, and new grants with no open‑market trades.

The filing shows Alfonso de Angoitia, a director of Liberty Latin America, exercising 22,431 Restricted Share Units into Class A and Class C common shares on March 15, 2026. These are option-like conversions of previously granted equity awards.

To satisfy tax obligations, the issuer withheld 315 Class A shares at $7.58 and 629 Class C shares at $7.77, coded as F transactions. This mechanism is standard for equity awards and does not represent discretionary selling in the market.

After these movements, he holds 46,186 Class A and 99,847 Class C shares directly, while new grants on March 13, 2026 added 6,452 RSUs A and 12,904 RSUs C with settlement around March 15, 2027. The pattern is consistent with ongoing board-level equity compensation rather than a change in investment stance.

Insider DE ANGOITIA ALFONSO
Role Director
Type Security Shares Price Value
Exercise Restricted Share Units A 7,477 $0.00 $0.00
Exercise Restricted Share Units C 14,954 $0.00 $0.00
Exercise Class A Common Shares 7,477 $0.00 $0.00
Exercise Price or Tax Liability Class A Common Shares 315 $7.58 $2K
Exercise Class C Common Shares 14,954 $0.00 $0.00
Exercise Price or Tax Liability Class C Common Shares 629 $7.77 $5K
Grant/Award Restricted Share Units A 6,452 $0.00 $0.00
Grant/Award Restricted Share Units C 12,904 $0.00 $0.00
Holdings After Transaction: Restricted Share Units A — 6,452 contracts (Direct); Restricted Share Units C — 12,904 contracts (Direct); Class A Common Shares — 46,186 shares (Direct); Class C Common Shares — 99,847 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.

FAQ

What insider transactions did Liberty Latin America (LILA) report in this Form 4?
Liberty Latin America reported RSU exercises and related tax withholding. Director Alfonso de Angoitia converted 22,431 Restricted Share Units into Class A and C common shares, had 944 shares withheld for taxes, and received new RSU grants, without any open-market share purchases or sales.

How many Liberty Latin America shares does Alfonso de Angoitia hold after these transactions?
After the transactions, Alfonso de Angoitia holds 146,033 shares. He directly owns 46,186 Class A common shares and 99,847 Class C common shares of Liberty Latin America, reflecting RSU conversions and small share withholdings for tax obligations, as disclosed in the Form 4 filing.

Were there any open-market stock sales or purchases by the Liberty Latin America director in this Form 4?
No open-market trades were reported in this Form 4. All movements involved RSU exercises (code M) and shares withheld for taxes (code F). The F-code dispositions represent tax payments, not discretionary buying or selling in the public market.

What new Restricted Share Units did Liberty Latin America grant to Alfonso de Angoitia?
The director received new Class A and Class C RSU awards. On March 13, 2026, he was granted 6,452 Restricted Share Units A and 12,904 Restricted Share Units C, each convertible into one corresponding common share at settlement around March 15, 2027.

What was the size of the RSU exercises reported for Liberty Latin America (LILA)?
The director exercised a total of 22,431 RSUs into common shares. This included 7,477 Restricted Share Units A into Class A common shares and 14,954 Restricted Share Units C into Class C common shares on March 15, 2026, as part of equity compensation vesting.

Why were some Liberty Latin America shares disposed of in this Form 4 filing?
The reported share dispositions covered tax obligations on vested awards. The company withheld 315 Class A shares at $7.58 and 629 Class C shares at $7.77, coded as F transactions, representing payment of tax liabilities rather than voluntary market sales.

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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*
DE ANGOITIA ALFONSO
(Last) (First) (Middle)
C/O LIBERTY LATIN AMERICA LTD.
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
Officer (give title below) Other (specify below)
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 7,477 A $0(1) 46,501 D
Class A Common Shares 03/15/2026 F 315 D $7.58 46,186 D
Class C Common Shares 03/15/2026 M 14,954 A $0(1) 100,476 D
Class C Common Shares 03/15/2026 F 629 D $7.77 99,847 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 6,452 03/15/2027 03/15/2027 Class A Common Shares 6,452 (1) 6,452 D
Restricted Share Units C (1) 03/13/2026 A 12,904 03/15/2027 03/15/2027 Class C Common Shares 12,904 (1) 12,904 D
Restricted Share Units A (1) 03/15/2026 M 7,477 03/15/2026 03/15/2026 Class A Common Shares 7,477 (1) 0 D
Restricted Share Units C (1) 03/15/2026 M 14,954 03/15/2026 03/15/2026 Class C Common Shares 14,954 (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