Millicom (NASDAQ: TIGO) EVP Karim Lesina sells 42,497 shares in open market

Rhea-AI Filing Summary

Millicom International Cellular SA executive Karim Antonio Lesina reported an open-market sale of 42,497 Common Shares at 90.00 per share. After this transaction, he directly holds 118,101 Common Shares. The filing shows a net reduction in his directly owned stake, with no derivative positions reported in this filing.

Insights

Insider transactions analyst

EVP completes sizable but partial open-market share sale.

Karim Antonio Lesina, EVP and CEA Officer of Millicom International Cellular SA, executed an open-market sale of 42,497 Common Shares at 90.00 per share. This is a straightforward sale (code S), not tied to option exercises or gifts.

Following the sale, he directly holds 118,101 Common Shares, indicating he retained a substantial equity position. The transaction summary shows a net-sell direction of 42,497 shares and no derivative holdings in this filing. The event reflects a notable liquidity move but leaves a meaningful remaining stake.

No footnotes describe indirect ownership structures or trading plans, so the transaction appears to be a direct, discretionary open-market sale based on the available information. Its significance depends on broader context such as company size and prior trading patterns, which are not detailed here.

Insider Trade Summary

Net Seller: 42,497 shares ($3,824,730)

Net Sell 1 txn

Insider Lesina Karim Antonio

Role EVP, CEA Officer

Sold 42,497 shs ($3.82M)

Type	Security	Shares	Price	Value
Sale	Common Shares	42,497	$90.00	$3.82M

Holdings After Transaction: Common Shares — 118,101 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 42,497 shares Sale price: 90.00 per share Direct holdings after sale: 118,101 shares +2 more

5 metrics

Shares sold 42,497 shares Open-market sale of Common Shares on 2026-06-11

Sale price 90.00 per share Price for the 42,497 Common Shares sold

Direct holdings after sale 118,101 shares Common Shares directly owned following the transaction

Net share change -42,497 shares Net-sell direction from transaction summary

Sell transactions count 1 sale Single non-derivative sale recorded in this Form 4

Key Terms

open-market sale, Common Shares, Form 4, transaction code S

4 terms

open-market sale financial

"transaction_action is described as an open-market sale of Common Shares"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Shares financial

"The security title for the transaction is listed as Common Shares"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

Form 4 regulatory

"The insider activity is disclosed in a Form 4 insider filing"

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.

transaction code S financial

"The filing labels the event with transaction code S for a sale"

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Form 4 Insider Transactions: What Each Field Means →

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^*

Lesina Karim Antonio

(Last) (First) (Middle)

C/O MILLICOM INTERNATIONAL CELLULAR S.A.

8400 NW 36TH STREET, SUITE 530

(Street)

DORAL FLORIDA 33166

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MILLICOM INTERNATIONAL CELLULAR SA [ TIGO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CEA Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	06/11/2026		S		42,497	D	$90	118,101	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

Explanation of Responses:

	/s/ Karim Lesina	06/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did TIGO executive Karim Antonio Lesina report?

He reported an open-market sale of 42,497 Millicom (TIGO) Common Shares at 90.00 per share. The transaction is coded as an S sale, indicating a standard market or private sale.

How many Millicom (TIGO) shares does Karim Antonio Lesina hold after the sale?

After the reported sale, he directly holds 118,101 Millicom Common Shares. This figure represents his remaining direct ownership position shown in this Form 4, with no derivative positions listed.

Was the TIGO insider transaction a purchase or a sale?

It was a sale. The Form 4 shows transaction code S, described as an open-market or private sale, with 42,497 Common Shares sold at a price of 90.00 per share.

Does the TIGO Form 4 show any option exercises or derivative trades?

No. The derivative transaction count is zero and the derivative summary is empty. The reported activity involves only non-derivative Common Shares, with no option exercises or other derivative movements disclosed.

How large is the net share change from the TIGO insider sale?

The transaction summary shows a net-sell direction of 42,497 shares. This matches the single reported sale of 42,497 Common Shares and reflects the total reduction in his direct position in this filing.