Director Bruce Churchill gets Millicom (TIGO) share grant as issuer withholds stock for taxes

Rhea-AI Filing Summary

Millicom International Cellular SA director Bruce Churchill reported routine equity compensation activity. He received a grant of 1,420 common shares at no cost, increasing his direct holdings. On the same date, the issuer withheld 284 common shares solely to cover tax obligations, valued at $73.92 per share. After these transactions, Churchill directly owned 27,013 common shares, reflecting a net increase in his position driven by the share award rather than open-market trading.

Insider Trade Summary

Net Seller: 284 shares ($20,993)

Net Sell 2 txns

Insider CHURCHILL BRUCE

Role null

Sold 284 shs ($21K)

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	1,420	$0.00	--
Sale	Common Shares	284	$73.92	$21K

Holdings After Transaction: Common Shares — 27,013 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 1,420 common shares Shares withheld for taxes: 284 common shares Withholding valuation price: $73.92 per share +1 more

4 metrics

Shares granted 1,420 common shares Equity grant classified as grant, award, or other acquisition

Shares withheld for taxes 284 common shares Withheld solely to satisfy tax obligations upon transfer

Withholding valuation price $73.92 per share Price used by issuer to calculate value of withheld shares

Shares owned after transactions 27,013 common shares Director’s direct holdings following grant and tax withholding

Key Terms

grant, award, or other acquisition, open-market sale, withheld, tax obligations

4 terms

grant, award, or other acquisition financial

"classified as a "grant, award, or other acquisition""

open-market sale financial

"transaction_action": "open-market sale""

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.

withheld financial

"The issuer withheld 284 common shares solely to satisfy tax obligations"

tax obligations financial

"solely to satisfy tax obligations incurred upon transfer"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 08:18 AM Accepted by SEC EDGAR 07/06/2026 - 08:17 AM Learn about SEC filing dates

FAQ

What did Bruce Churchill report in his latest Form 4 for MILLICOM (TIGO)?

Bruce Churchill reported a grant of 1,420 Millicom common shares and a withholding of 284 shares for taxes. These transactions are compensation-related, not open-market trades, and resulted in a higher direct ownership stake after the reporting date.

How many MILLICOM (TIGO) shares were granted to Bruce Churchill?

Bruce Churchill received a grant of 1,420 Millicom common shares at a price of $0.00 per share. This grant, classified as a "grant, award, or other acquisition," represents additional equity compensation awarded directly to him on the reported date.

Were any MILLICOM (TIGO) shares sold by Bruce Churchill on the market?

The Form 4 shows 284 shares coded as a sale, but the footnote clarifies these were withheld by the issuer solely to satisfy tax obligations. This means there was no discretionary open-market sale by Churchill, only tax-related share withholding.

At what price were the withheld MILLICOM (TIGO) shares valued for taxes?

The 284 Millicom common shares withheld for tax obligations were valued at $73.92 per share. The issuer used this price to calculate the value of the withheld shares when determining the tax liability associated with the equity compensation transfer.

How many MILLICOM (TIGO) shares does Bruce Churchill own after these transactions?

Following the grant and tax withholding, Bruce Churchill directly holds 27,013 Millicom common shares. This figure reflects his updated ownership after receiving 1,420 shares and having 284 shares withheld to satisfy the tax obligations tied to the award.

Is Bruce Churchill’s Form 4 for MILLICOM (TIGO) a strong trading signal for investors?

The reported activity appears compensation-related, with a share grant and tax withholding, rather than active buying or selling on the open market. Such routine equity awards typically provide limited insight into the insider’s short-term view of Millicom’s share price.

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^*

CHURCHILL BRUCE

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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	05/20/2026		A		1,420	A	$0	27,013	D
Common Shares	05/20/2026		S(1)		284	D	$73.92	26,729	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 issuer withheld 284 common shares solely to satisfy tax obligations incurred upon transfer. The price reported was the price the issuer used to calculate the value of the shares withheld.

	/s/ Bruce Churchill	07/06/2026
	** 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)