Millicom CFO files initial ownership report

Millicom International Cellular SA Chief Financial Officer Bart Kristof Vanhaeren filed an initial ownership report showing his equity stake.

Rhea-AI Filing Summary

Millicom International Cellular SA Chief Financial Officer Bart Kristof Vanhaeren filed an initial ownership report showing his equity stake. He directly holds 87,120 common shares, including 31,477 common shares subject to restricted share units that vest based on continued service.

He also holds stock appreciation rights tied to 8,296 underlying common shares, with an exercise price of $20.30 per share and expiration on January 1, 2034. Upon exercise, these rights pay cash equal to the share price above the exercise price.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Vanhaeren Bart Kristof

Role Chief Financial Officer

Type	Security	Shares	Price	Value
holding	Stock Appreciation Rights	--	--	--
holding	Common Shares	--	--	--

Holdings After Transaction: Stock Appreciation Rights — 8,296 contracts (Direct); Common Shares — 87,120 shares (Direct)

Footnotes (2)

1. F1. Includes 31,477 common shares subject to outstanding restricted share units granted to the reporting person in consideration for service to the issuer which vest based on the reporting person's continued service through the applicable vesting dates.
2. F2. Upon exercise, each stock appreciation right entitles the reporting person to an amount in cash equal to the excess of the fair market value of a common share of the issuer over the exercise price per common share, subject to the reporting person's continued service through the date exercisable.

FAQ

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

What does the Millicom (TIGO) CFO report on this Form 3 filing?

The Millicom CFO reports his initial beneficial ownership in the company. He discloses direct holdings of common shares, restricted share units, and stock appreciation rights, establishing a baseline of his equity-linked compensation and alignment with shareholder interests.

How many Millicom (TIGO) common shares does the CFO beneficially own?

The CFO reports beneficial ownership of 87,120 common shares. This figure includes 31,477 common shares underlying restricted share units that vest over time, reflecting both currently owned stock and stock-based compensation tied to continued service with the company.

What restricted share units does the Millicom (TIGO) CFO hold?

The CFO holds 31,477 common shares subject to outstanding restricted share units. These units were granted for his service and will vest only if he continues to serve through the applicable vesting dates, linking part of his compensation directly to long-term employment.

What stock appreciation rights does the Millicom (TIGO) CFO report?

He reports stock appreciation rights over 8,296 underlying common shares. Each right has an exercise price of $20.30 per share and expires on January 1, 2034, providing cash equal to the share price above the exercise price when exercised, subject to continued service.

Does this Millicom (TIGO) Form 3 show any insider share purchases or sales?

This Form 3 records existing holdings rather than new trades. The transactions are classified as holdings with unknown direction, indicating an initial statement of beneficial ownership, not open-market purchases or sales of Millicom shares by the CFO.

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

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Accepted by SEC EDGAR 03/18/2026 - 09:17 PM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Vanhaeren Bart Kristof

(Last) (First) (Middle)

DORAL CONCOURSE

8400 NW 36TH STREET, SUITE 530

(Street)

DORAL FLORIDA 33166

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

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

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	87,120(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Rights	01/01/2027	01/01/2034	Common Shares	8,296(2)	$20.3	D

Explanation of Responses:

1. Includes 31,477 common shares subject to outstanding restricted share units granted to the reporting person in consideration for service to the issuer which vest based on the reporting person's continued service through the applicable vesting dates.

2. Upon exercise, each stock appreciation right entitles the reporting person to an amount in cash equal to the excess of the fair market value of a common share of the issuer over the exercise price per common share, subject to the reporting person's continued service through the date exercisable.

	/s/ Bart Vanhaeren	03/18/2026
	** 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 5 (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 3: SEC 1473 (03-26)