Millicom (TIGO) legal chief sells 49K shares around $88.5

Rhea-AI Filing Summary

Millicom International Cellular SA’s Chief Legal & Compliance Officer, Salvador Escalon, sold a total of 49,288 Common Shares in open-market transactions on June 1, 2026.

The shares were sold at prices ranging from $88.49 to $88.70 per share, based on weighted-average pricing disclosed in the filing. Escalon continues to own Common Shares directly following these transactions.

Insider Trade Summary

Net Seller: 49,288 shares ($4,362,719)

Net Sell 2 txns

Insider Escalon Salvador

Role Chief Legal & Compliance Off.

Sold 49,288 shs ($4.36M)

Type	Security	Shares	Price	Value
Sale	Common Shares	8,500	$88.49	$752K
Sale	Common Shares	40,788	$88.52	$3.61M

Holdings After Transaction: Common Shares — 206,132 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Total shares sold: 49,288 shares First sale block: 40,788 shares Second sale block: 8,500 shares +3 more

6 metrics

Total shares sold 49,288 shares Aggregate open-market sales on June 1, 2026

First sale block 40,788 shares Common Shares, transaction code S on June 1, 2026

Second sale block 8,500 shares Common Shares, transaction code S on June 1, 2026

Reported sale price (block 1) $88.52 per share Non-derivative Common Shares, weighted-average price

Reported sale price (block 2) $88.49 per share Non-derivative Common Shares, open-market sale

Trade price range $88.49–$88.70 per share Range of individual trades noted in footnote

Key Terms

open-market sale, weighted average price, Common Shares, Form 4

4 terms

open-market sale financial

"transaction_action is described as "open-market sale" for both entries"

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.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Common Shares financial

"security_title is listed as "Common Shares" in both transactions"

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

"within the range set forth in footnote (1) to this Form 4."

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.

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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^*

Escalon Salvador

(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)
	Chief Legal & Compliance Off.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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	06/01/2026		S		8,500	D	$88.49	206,132	D
Common Shares	06/01/2026		S		40,788	D	$88.52(1)	165,344	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:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.49 to $88.70, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.

	/s/ Salvador Escalon	06/03/2026
	** 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

How many MILLICOM (TIGO) shares did Salvador Escalon sell?

Salvador Escalon sold 49,288 Common Shares of Millicom International Cellular SA. The Form 4 shows two open-market sale transactions on June 1, 2026, totaling 40,788 shares and 8,500 shares, respectively, all classified as non-derivative stock sales.

At what prices were the MILLICOM (TIGO) shares sold by Escalon?

The shares were sold at a weighted-average price with individual trades between $88.49 and $88.70 per share. One transaction reports $88.52 per share and another $88.49 per share, with a footnote explaining that multiple trades occurred within this price range.

What is Salvador Escalon’s role at MILLICOM (TIGO)?

Salvador Escalon is Millicom International Cellular SA’s Chief Legal & Compliance Officer. His Form 4 filing reports personal transactions in the company’s Common Shares, reflecting direct ownership and open-market sales executed on June 1, 2026.

Were Salvador Escalon’s MILLICOM (TIGO) share sales open-market transactions?

Yes. Both transactions are coded “S” and described as open-market or private sales of non-derivative Common Shares. The filing characterizes them as standard stock sales rather than option exercises, gifts, or tax-withholding events.

Does the Escalon Form 4 mention a weighted-average sale price for TIGO shares?

Yes. A footnote explains that the reported price is a weighted average, with multiple trades executed between $88.49 and $88.70 per share. The filer offers to provide detailed trade-by-trade pricing information upon request to investors or regulators.