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Liberty Latin America (LILA) director exchanges 120,000 shares

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

Rhea-AI Filing Summary

Liberty Latin America director Paul A. Gould restructured his holdings by exchanging share classes with the company’s President and CEO. On June 29, 2026, he entered an Exchange Agreement to swap 60,000 Class C Common Shares for 60,000 Class B Common Shares at $7.63 per share, matching the Class C closing price that day.

This is classified as an "other acquisition or disposition" rather than a standard market buy or sell. After the exchange, Gould holds 392,370 Class C Common Shares and 68,987 Class B Common Shares directly, so his overall equity exposure remains similar while the mix between share classes changed.

Positive

  • None.

Negative

  • None.
Insider GOULD PAUL A
Role null
Type Security Shares Price Value
Other Class B Common Shares 60,000 $7.63 $458K
Other Class C Common Shares 60,000 $7.63 $458K
Holdings After Transaction: Class B Common Shares — 68,987 shares (Direct, null); Class C Common Shares — 392,370 shares (Direct, null)
Footnotes (1)
  1. Each Class B common share is convertible, at the holder's election, into one Class A common share at any time for no consideration other than the surrender of the Class B common share for the Class A common share. On June 29, 2026, the Reporting Person entered into an Exchange Agreement with the Issuer's President and CEO to exchange 60,000 Class C common shares held by the Reporting Person for 60,000 Class B common shares held by the Issuer's President and CEO at a price of $7.63 per share, which was the closing share price of the Issuer's Class C common shares on June 29, 2026.
Class C shares exchanged 60,000 shares Exchanged on June 29, 2026
Class B shares received 60,000 shares Exchanged on June 29, 2026
Exchange reference price $7.63 per share Closing price of Class C on June 29, 2026
Class C holdings after transaction 392,370 shares Direct holdings following exchange
Class B holdings after transaction 68,987 shares Direct holdings following exchange
Total shares restructured 120,000 shares Class C and Class B combined in exchange
Form 4 regulatory
"INSIDER FILING DATA (Form 4): director transaction in Liberty Latin America Ltd."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Class C Common Shares financial
"security_title: Class C Common Shares involved in a 60,000 share exchange"
Class B common share financial
"Each Class B common share is convertible into one Class A common share"
Exchange Agreement financial
"the Reporting Person entered into an Exchange Agreement with the Issuer's President and CEO"
A written deal in which two parties agree to swap assets, securities or obligations under set terms—think of it as a formal swap or trade contract. For investors it matters because such agreements can change who owns what, alter a company’s capital structure, affect future cash flows or dilute existing shares, and therefore influence value and risk in a straightforward, contract-driven way.
Other acquisition or disposition regulatory
"transaction_code_description: Other acquisition or disposition for the J-code transaction"
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SEC Form 4
FORM 4UNITED 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*
GOULD PAUL A

(Last)(First)(Middle)
C/O LIBERTY LATIN AMERICA LTD.
1550 WEWATTA STREET, SUITE 800

(Street)
DENVER COLORADO 80202

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Liberty Latin America Ltd. [ LILA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/29/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class B Common Shares(1)06/29/2026J60,000(2)A$7.63(2)68,987D
Class C Common Shares06/29/2026J60,000(2)D$7.63(2)392,370D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Each Class B common share is convertible, at the holder's election, into one Class A common share at any time for no consideration other than the surrender of the Class B common share for the Class A common share.
2. On June 29, 2026, the Reporting Person entered into an Exchange Agreement with the Issuer's President and CEO to exchange 60,000 Class C common shares held by the Reporting Person for 60,000 Class B common shares held by the Issuer's President and CEO at a price of $7.63 per share, which was the closing share price of the Issuer's Class C common shares on June 29, 2026.
Remarks:
The trading symbols for the Issuer's classes of common shares are LILA, LILAB, and LILAK, and the trading symbol for the Issuer's Series A Preference Shares is LILAP.
/s/ John M. Winter, Attorney-in-Fact07/01/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Liberty Latin America (LILA) report for Paul A. Gould?

Liberty Latin America reported that director Paul A. Gould exchanged 60,000 Class C Common Shares for 60,000 Class B Common Shares. The swap occurred on June 29, 2026 under an Exchange Agreement with the company’s President and CEO at a reference price of $7.63 per share.

Was the Liberty Latin America (LILA) insider transaction a buy or sell?

The transaction was categorized as an "other acquisition or disposition" rather than a typical buy or sell. It reflected a restructuring exchange between share classes, leaving the director’s overall equity exposure broadly similar instead of representing an open-market purchase or sale.

What price was used in the Liberty Latin America (LILA) share exchange?

The exchange used a price of $7.63 per share, which matched the closing share price of Liberty Latin America’s Class C Common Shares on June 29, 2026. This price was applied to both the 60,000 Class C shares and the 60,000 Class B shares involved.

How many Liberty Latin America (LILA) shares does Paul A. Gould hold after the transaction?

After the transaction, Paul A. Gould directly holds 392,370 Class C Common Shares and 68,987 Class B Common Shares. These updated figures reflect the completed exchange of 60,000 Class C shares for 60,000 Class B shares with the issuer’s President and CEO on June 29, 2026.

What is the relationship between Liberty Latin America (LILA) Class B and Class A shares?

Each Class B common share is convertible into one Class A common share at the holder’s election for no additional consideration. The holder must surrender the Class B share to receive the Class A share, making the two classes directly interchangeable on a one-for-one basis.

How large was the share restructuring in Liberty Latin America (LILA) stock?

The restructuring covered 120,000 shares in total, with 60,000 Class C Common Shares exchanged for 60,000 Class B Common Shares. It was reported under transaction code J, which denotes an "other acquisition or disposition" event rather than an ordinary market trade or option exercise.