Liberty Latin America (LILA) director receives and exercises restricted share units

Rhea-AI Filing Summary

Liberty Latin America director Paul A. Gould reported equity compensation activity and option-like exercises in the form of restricted share units. On March 13, 2026, he received grants of 6,452 Restricted Share Units A tied to Class A common shares and 12,904 Restricted Share Units C tied to Class C common shares, each unit representing a right to receive one share at settlement.

On March 15, 2026, he exercised 1,122 Restricted Share Units A into 1,122 Class A common shares and 2,244 Restricted Share Units C into 2,244 Class C common shares, all at a stated exercise price of $0.00 per unit. After these transactions, he held 337,954 Class A common shares and 452,185 Class C common shares directly, along with remaining balances of 6,355 Restricted Share Units A and 12,710 Restricted Share Units C.

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^*

GOULD PAUL A

(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		1,122	A	$0(1)	337,954	D
Class C Common Shares	03/15/2026		M		2,244	A	$0(1)	452,185	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			1,122	03/15/2026	03/15/2026	Class A Common Shares	1,122	(1)	6,355	D
Restricted Share Units C	(1)	03/15/2026		M			2,244	03/15/2026	03/15/2026	Class C Common Shares	2,244	(1)	12,710	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).
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FAQ

What insider transactions did Liberty Latin America (LILA) director Paul A. Gould report?

Paul A. Gould reported equity compensation activity, including grants and exercises of restricted share units. He received new Restricted Share Units A and C and exercised previously granted units into Class A and Class C common shares on March 15, 2026, at a stated price of $0.00.

How many restricted share units did Paul A. Gould receive in this Liberty Latin America (LILA) filing?

He received 6,452 Restricted Share Units A and 12,904 Restricted Share Units C on March 13, 2026. Each unit represents a right to receive one Class A or Class C common share, respectively, upon settlement, effectively expanding his future equity-linked exposure to Liberty Latin America.

What derivative exercises did Paul A. Gould complete in Liberty Latin America (LILA) shares?

On March 15, 2026, he exercised 1,122 Restricted Share Units A into 1,122 Class A common shares and 2,244 Restricted Share Units C into 2,244 Class C common shares. These exercises were reported with a conversion price of $0.00 per unit, reflecting compensation-related awards.

What are Paul A. Gould’s Class A and Class C holdings in Liberty Latin America (LILA) after these transactions?

Following the reported transactions, he directly held 337,954 Class A common shares and 452,185 Class C common shares. He also retained 6,355 Restricted Share Units A and 12,710 Restricted Share Units C, which may settle into additional shares at future dates under award terms.

Are Paul A. Gould’s Liberty Latin America (LILA) transactions open-market buys or compensation-related?

The activities reported are compensation-related. The Form 4 shows grants of Restricted Share Units and their subsequent exercise into Class A and Class C common shares using transaction codes A and M, with a stated exercise price of $0.00, not open-market purchases or sales.

What do Liberty Latin America (LILA) Restricted Share Units represent for Paul A. Gould?

Each Restricted Share Unit represents a right to receive one Liberty Latin America Class A or Class C common share at settlement. This structure means the awards function as stock-based compensation, aligning the director’s interests with common shareholders through future share delivery instead of immediate cash payments.