Malone lifts Liberty Latin America stake to 12.6%

Liberty Latin America investor John C. Malone has increased his stake and updated his ownership disclosure.

Rhea-AI Filing Summary

Liberty Latin America investor John C. Malone has increased his stake and updated his ownership disclosure. He filed Amendment No. 2 to his Schedule 13D to report buying 1,495,072 Class A common shares, using cash on hand.

On June 22, 2026 he purchased 1,095,072 Class A shares at an average price of $4.979 per share, and on June 23, 2026 he bought an additional 400,000 Class A shares at an average price of $5.9202 per share. The filing also notes an earlier purchase of 61,059 Class A shares at $8.63 per share on May 22, 2026.

After these transactions, Malone beneficially owns 4,956,900 Class A common shares (including shares issuable from Class B), representing approximately 12.6% of Liberty Latin America’s Class A common shares and about 29.8% of the company’s voting power, based on the latest reported share counts.

Insights

Equity ownership and governance analyst

Malone’s additional share purchases modestly increase his economic stake and solidify already significant voting power.

John C. Malone reports buying 1,095,072 Class A shares at an average $4.979 on June 22, 2026 and 400,000 shares at $5.9202 on June 23, 2026, plus 61,059 shares at $8.63 on May 22, 2026. These are open-market, cash-funded purchases and indicate increased exposure to Liberty Latin America.

Following these trades, Malone beneficially owns 4,956,900 Class A common shares (including shares issuable from Class B), which the filing states is about 12.6% of the Class A common shares. Because each Class B share carries ten votes, he may be deemed to control roughly 29.8% of the issuer’s voting power, giving him substantial influence over director elections.

The structure involves multiple trusts, including a revocable trust and separate children’s trusts, with detailed disclaimers of pecuniary interest in certain holdings. Future company filings that update share counts or note further transactions will refine how Malone’s percentage ownership and voting power evolve relative to total outstanding shares.

Key Figures

June 22, 2026 purchase: 1,095,072 shares at $4.979/share June 23, 2026 purchase: 400,000 shares at $5.9202/share May 22, 2026 purchase: 61,059 shares at $8.63/share +4 more

7 metrics

June 22, 2026 purchase 1,095,072 shares at $4.979/share Class A common shares bought for cash on June 22, 2026

June 23, 2026 purchase 400,000 shares at $5.9202/share Class A common shares bought for cash on June 23, 2026

May 22, 2026 purchase 61,059 shares at $8.63/share Class A common shares bought for cash on May 22, 2026

Total beneficial ownership 4,956,900 Class A shares Beneficially owned after transactions, including Class B on an as-converted basis

Equity ownership percentage 12.6% of Class A Portion of outstanding Class A common shares based on April 30, 2026 counts

Voting power 29.8% of votes Deemed voting equity securities in director elections, assuming no Class B conversions

Shares outstanding 37.8M Class A; 2.5M Class B Outstanding as of April 30, 2026, per issuer’s Form 10-Q

Key Terms

beneficially owns, Class B common shares, revocable trust, pecuniary interest, +1 more

5 terms

beneficially owns financial

"The Reporting Person beneficially owns 4,956,900 Class A common shares of the Issuer"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

Class B common shares financial

"Each Class B common share is convertible, at the option of the holder, into one Class A common share"

Class B common shares are one of multiple types of a company’s ordinary stock that usually differ from other classes in voting power, dividend priority, or transferability. For investors, the difference matters because owning Class B may mean less control over corporate decisions or different income potential compared with other share classes—like having a seat with fewer votes at a board meeting while still sharing in the company’s profits.

revocable trust financial

"held in a revocable trust (the "LM Revocable Trust") with respect to which the Reporting Person and his wife"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

pecuniary interest financial

"The Reporting Person has no pecuniary interest in and disclaims beneficial ownership of such shares"

voting power financial

"the Reporting Person may be deemed to beneficially own voting equity securities representing approximately 29.8% of the voting power of the Issuer"

Voting power is the ability shareholders have to influence a company's major decisions—like electing the board, approving mergers, or changing corporate rules—based on the voting rights attached to the shares they hold. For investors it matters because greater voting power is like holding more keys to a building: it gives you a stronger say over management choices and the company’s strategy, which can affect future value and risk.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Liberty Latin America (LILA) shares does John Malone now beneficially own?

John Malone beneficially owns 4,956,900 Liberty Latin America Class A common shares. This figure includes Class B shares assumed converted into Class A, reflecting his combined direct and trust-related holdings described in the ownership breakdown.

What percentage of Liberty Latin America (LILA) does John Malone’s stake represent?

The filing states Malone’s 4,956,900 Class A common shares represent about 12.6% of Liberty Latin America’s Class A common shares. This percentage is based on 37.8 million Class A and 2.5 million Class B shares outstanding as of April 30, 2026.

How much voting power does John Malone hold at Liberty Latin America (LILA)?

Because Class B shares carry ten votes each, Malone may be deemed to control approximately 29.8% of Liberty Latin America’s voting power. This is calculated using the reported outstanding share counts and assumes no conversion of Class B into Class A shares.

What recent Liberty Latin America (LILA) share purchases did John Malone disclose?

Malone reported buying 1,095,072 Class A shares at an average price of $4.979 on June 22, 2026, and 400,000 shares at $5.9202 on June 23, 2026. He also purchased 61,059 Class A shares at $8.63 on May 22, 2026.

How did John Malone fund his recent Liberty Latin America (LILA) share purchases?

The filing specifies that John Malone used cash on hand to fund the recent purchases of Liberty Latin America Class A common shares. The transactions were open-market acquisitions for cash, not share exchanges or option exercises.

Why was Amendment No. 2 to John Malone’s Liberty Latin America (LILA) Schedule 13D filed?

Amendment No. 2 was filed to report Malone’s purchase of 1,495,072 Liberty Latin America Class A common shares. It amends and supplements his original Schedule 13D to update his beneficial ownership and transaction history in the stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/24/2026 - 05:43 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

Liberty Latin America Ltd.

(Name of Issuer)

Class A common shares, par value $0.01 per share

(Title of Class of Securities)

G9001E102

(CUSIP Number)

John C. Malone
1550 Wewatta Street, Suite 810,
Denver, CO, 80202
3039256000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/22/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): G9001E102

1

Name of reporting person

Malone John C

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 4,937,651.00
8	Shared Voting Power 19,249.00
9	Sole Dispositive Power 4,937,651.00
10	Shared Dispositive Power 19,249.00

11

Aggregate amount beneficially owned by each reporting person

4,956,900.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

12.6 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Note (1) to Rows 7, 9 and 11: Consists of (i) 49,729 Class A common shares and 742,148 Class B common shares held in a revocable trust (the "LM Revocable Trust") with respect to which the Reporting Person and his wife, Mrs. Leslie Malone ("Mrs. Malone") are trustees (Mrs. Malone has the right to revoke such trust at any time, and Mr. Malone disclaims beneficial ownership of the shares held by the LM Revocable Trust), (ii) 3,371,414 Class A common shares and 7,421 Class B common shares beneficially owned by the Reporting Person, and (iii) 766,939 Class B common shares held by a trust (the "Malone Trust") with respect to which the Reporting Person is a co-trustee and, with his wife, retains a unitrust interest in the trust (the Reporting Person retains sole voting and dispositive power with respect to the common shares held by the Malone Trust). Each Class B common share is convertible, at the option of the holder, into one Class A common share. Note (2) to Rows 8, 10 and 11: Consists of Class A common shares issuable upon conversion of (i) 11,108 Class B common shares held by a trust managed by an independent trustee and the Reporting Person's adult son, who is also the beneficiary of that trust and (ii) 8,141 Class B common shares held by another trust managed by an independent trustee, of which the beneficiary is the Reporting Person's adult daughter. Note (3) to Row 13: Based upon approximately 37.8 million Class A common shares and 2.5 million Class B common shares, in each case, outstanding as of April 30, 2026, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 7, 2026, and, as required by Rule 13d-3 under the Securities Exchange Act of 1934, as amended. Note (4) to Row 13: Each Class A common share is entitled to one vote, whereas each Class B common share is entitled to ten votes. Accordingly, in the election of directors of the Issuer, the Reporting Person may be deemed to beneficially own voting equity securities representing approximately 29.8% of the voting power of the Issuer, based on the number of shares outstanding specified above in Note 3 and assuming that the Reporting Person has not converted any of his Class B common shares into Class A common shares.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A common shares, par value $0.01 per share
(b)	Name of Issuer: Liberty Latin America Ltd.
(c)	Address of Issuer's Principal Executive Offices: 1550 Wewatta Street, Suite 810, Denver, COLORADO , 80202.
Item 1 Comment: This Amendment No. 2 to Schedule 13D (this "Amendment") amends and supplements the Statement on Schedule 13D originally filed by John C. Malone (the "Reporting Person" or "Dr. Malone") with the Securities and Exchange Commission (the "SEC") on January 8, 2018 (the "Original Statement"), as amended by Amendment No. 1 thereto filed with the SEC by Dr. Malone on May 11, 2026, (together with the Original Statement and the Amendment, the "Schedule 13D"), and relates to (i) the Class A common shares, par value $0.01 per share (the "Class A common shares"), of the Issuer, and (ii) pursuant to Rule 13d-3 under the Securities Exchange of 1934, as amended (the "Act"), the Class A common shares issuable upon conversion of the Class B common shares, par value $0.01 per share, of the Issuer (the "Class B common shares"). Capitalized terms used but not defined herein have the meanings given to such terms in the Schedule 13D. This Amendment is being filed by the Reporting Person to report the purchase of 1,495,072 Class A Common Shares. Except as set forth herein, the Schedule 13D is unmodified.
Item 3.	Source and Amount of Funds or Other Consideration
	The information contained in Item 3 of the Original Statement is hereby amended and supplemented to include the following information: On June 22, 2026, the Reporting Person purchased 1,095,072 Class A common shares for an average price of $4.979 per share in cash. He also purchased an additional 400,000 Class A common shares on June 23, 2026 for an average price of $5.9202 per share in cash. The Reporting Person used cash on hand for the acquisition.
Item 5.	Interest in Securities of the Issuer
(a)	The Reporting Person beneficially owns 4,956,900 Class A common shares of the Issuer (including (i) 3,371,414 Class A common shares and 7,421 Class B common shares held by the Reporting Person, (ii) 49,729 Class A common shares and 742,148 Class B common shares held in a revocable trust (the "LM Revocable Trust") with respect to which the Reporting Person and his wife, Mrs. Leslie Malone ("Mrs. Malone") are trustees (Mrs. Malone has the right to revoke such trust at any time, and Mr. Malone disclaims beneficial ownership of the shares held by the LM Revocable Trust), (iii) 766,939 Class B common shares held by a trust (the "Malone Trust") with respect to which the Reporting Person is a co-trustee and, with his wife, retains a unitrust interest in the trust (the Reporting Person retains sole voting and dispositive power with respect to the common shares held by the Malone Trust), (iv) 11,108 Class B common shares held by a trust managed by an independent trustee and the Reporting Person's adult son, who is also the beneficiary of that trust, and (v) 8,141 Class B common shares held by another trust managed by an independent trustee, of which the beneficiary is the Reporting Person's adult daughter (the trusts described in clauses (iv) and (v) together, the "Children's Trusts")), which represent approximately 12.6% of the outstanding shares of Class A common shares, calculated based upon the approximately 37.8 million Class A common shares and 2.5 million Class B common shares, in each case, outstanding as of April 30, 2026, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 7, 2026, and, as required by Rule 13d-3 under the Act. As each Class B common share is convertible, at the option of the holder, into one Class A common share, the aggregate number of Class A common shares reported as beneficially owned by the Reporting Person assumes conversion of the above Class B common shares into Class A common shares. Each Class A common share is entitled to one vote, whereas each Class B common share is entitled to ten votes. These two classes of shares generally vote together as a single class on all matters. Accordingly, in the election of directors of the Issuer, the Reporting Person may be deemed to beneficially own voting equity securities representing approximately 29.8% of the voting power of the Issuer, based on the number of shares outstanding specified above and assuming that the Reporting Person, the LM Revocable Trust, the Malone Trust and the Children's Trusts have not converted any of their respective Class B common shares into Class A common shares.
(b)	The Reporting Person, and, to his knowledge, the LM Revocable Trust each have the sole power to vote, or to direct the voting of, and the sole power to dispose of, or to direct the voting or disposition of, their respective common shares of the Issuer. The Reporting Person, in his capacity as a trustee of the Malone Trust, has the sole power to vote and dispose of the Class B common shares held by the Malone Trust. The Children's Trusts hold 19,249 Class B common shares. The Reporting Person has no pecuniary interest in and disclaims beneficial ownership of such shares (subject to his right of substitution). Other than with respect to the Reporting Person's rights to substitute assets held by the Children's Trusts, to the Reporting Person's knowledge, the Children's Trusts have the sole power to vote and to dispose of, or to direct the voting or disposition of, the shares held by the Children's Trusts.
(c)	On May 22, 2026, the Reporting Person purchased 61,059 Class A common shares at $8.63 per share in cash. Other than as decribed herein, none of the Reporting Person, nor, to his knowledge, the LM Revocable Trust, the Malone Trust or the Children's Trusts has effected any transactions in the Issuer's common shares during the past sixty days.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Malone John C

Signature:	Malone John C
Name/Title:	John C. Malone
Date:	06/24/2026