TIGO director granted 1,420 shares; 284 withheld for tax

MILLICOM INTERNATIONAL CELLULAR SA director Justine Dimovic had 1,420 common shares granted as equity compensation and 284 shares withheld for taxes.

Rhea-AI Filing Summary

MILLICOM INTERNATIONAL CELLULAR SA director Justine Dimovic had 1,420 common shares granted as equity compensation and 284 shares withheld for taxes. The 284-share entry is coded as a sale but the issuer explains it only withheld shares to satisfy tax obligations on the transfer, using a reference price of $73.92 per share. After these transactions, Dimovic directly holds 8,562 common shares.

Insights

Equity compensation analyst

Routine share grant with tax withholding, not a discretionary sale.

Justine Dimovic, a director of MILLICOM INTERNATIONAL CELLULAR SA, received a grant of 1,420 common shares at no cost as part of compensation. On the same date, the issuer withheld 284 shares, using a value of $73.92 per share, solely to cover tax obligations.

The footnote clarifies that the 284-share entry, while coded as a sale, was not an open-market trade but a tax withholding mechanism. Such entries are generally considered administrative rather than signaling a change in the insider’s view of the stock.

Following these transactions, Dimovic directly owns 8,846 common shares. With no derivative positions shown and the net effect being an increase in direct holdings, this appears as a standard equity award and tax withholding event without a clear directional signal for investors.

Insider Trade Summary

Net Seller: 284 shares

Net Sell 2 txns

Insider Dimovic Justine

Role Director

Sold 284 shs ($21K)

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

Holdings After Transaction: Common Shares — 8,562 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Shares granted: 1,420 shares Shares withheld for tax: 284 shares Valuation price for withholding: $73.92 per share +1 more

4 metrics

Shares granted 1,420 shares Common shares granted as compensation on May 20, 2026

Shares withheld for tax 284 shares Withheld by issuer to satisfy tax obligations on transfer

Valuation price for withholding $73.92 per share Price used by issuer to calculate value of withheld shares

Post-transaction holdings 8,846 shares Common shares directly owned after transactions

Key Terms

grant/award acquisition, open-market sale, tax obligations, withheld shares

4 terms

grant/award acquisition financial

"transaction_action: "grant/award acquisition""

open-market sale financial

"transaction_action: "open-market sale" with tax-withholding footnote clarification"

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.

tax obligations financial

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

withheld shares financial

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

FAQ

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

What insider transactions did TIGO director Justine Dimovic report?

Dimovic reported a share grant and related tax withholding. She received 1,420 TIGO common shares as a grant and 284 shares were withheld by the issuer to cover tax obligations, resulting in direct ownership of 8,846 shares after the transactions.

Did Justine Dimovic sell TIGO shares in the open market?

The filing shows no discretionary open-market sale. Although 284 shares are coded as a sale, the footnote explains the issuer simply withheld these shares to satisfy tax obligations, using $73.92 per share for valuation, not as a market trade price.

How many TIGO shares were granted to Justine Dimovic?

Dimovic was granted 1,420 TIGO common shares. The filing describes this as a grant or award acquisition at a price of $0.00 per share, indicating it was compensation-related rather than a purchase in the open market.

What is Justine Dimovic’s TIGO shareholding after these transactions?

Dimovic directly holds 8,846 common shares after the transactions. This total reflects the 1,420-share grant and the 284 shares withheld for taxes, as reported in the post-transaction ownership line of the Form 4 filing.

How were taxes handled on Justine Dimovic’s TIGO share grant?

Taxes were covered through share withholding. The issuer withheld 284 common shares solely to satisfy tax obligations incurred upon the transfer and used a price of $73.92 per share to calculate the value of the withheld shares.

Is the Form 4 for TIGO’s Justine Dimovic a routine compensation event?

The structure indicates a routine compensation-related event. The filing shows a no-cost grant of 1,420 shares and issuer share withholding for taxes, with no open-market purchase or discretionary sale activity disclosed for this date.

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

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Accepted by SEC EDGAR 07/06/2026 - 08:19 AM Learn about SEC filing dates

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^*

Dimovic Justine

(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	8,846	D
Common Shares	05/20/2026		S(1)		284	D	$73.92	8,562	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/ Justine Dimovic	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)