Nair Balan 4

4 · Liberty Latin America Ltd. · Filed Mar 31, 2026

AI-generated summary of this filing

Updated Mar 31, 2026

Liberty Latin America (LILA) CEO Nair Balan Exchanges Shares, Receives Award

What Happened

Nair Balan, President & CEO and director of Liberty Latin America (LILA), surrendered 1,363,080 Class A common shares to the company on March 27, 2026 (Disposition to issuer) at an indicated price of $7.81 per share ($10,645,655 total) and received 1,300,243 Class C common shares the same day (Acquisition) at $7.84 per share (value shown as $10,193,905).
On March 30, 2026, 132,813 Class B common share performance share units (PSUs) vested and were reported as acquired at $0.00 (no cash paid). The exchange with the issuer was made under an Exchange Agreement and the exchange/award transactions are reported as exempt under the referenced SEC rules.

Key Details

Dates & prices:
- 2026-03-27: Disposition of 1,363,080 Class A shares @ $7.81 (≈ $10,645,655) and acquisition of 1,300,243 Class C shares @ $7.84 (≈ $10,193,905).
- 2026-03-30: Vesting/acquisition of 132,813 Class B PSUs @ $0.00.
Shares owned after transaction: Not specified in the provided Form 4 excerpt.
Notable footnotes:
- The exchange was pursuant to an Exchange Agreement dated March 27, 2026 and is exempt under Rules 16b-3(d) and (e); values were set using closing prices on March 20, 2026. (Footnote F1)
- Class B shares are convertible into Class A shares at the holder’s election, one-for-one (Footnote F2).
- The 132,813 units represent PSUs that vested based on 2026 performance (Footnote F3).
Filing timeliness: Form 4 was filed March 31, 2026 and covers transactions dated March 27 and March 30 — the filing appears to be within the SEC’s two-business-day reporting window.

Context

The primary action was an in-kind exchange with the company (surrender Class A for Class C), not an open-market sale; such issuer exchanges and compensation-related vesting events are common and are treated differently than market sales or purchases.
The PSU vesting is a compensation event (no cash paid on vesting reported). Footnote information and the related Schedule 13D/A may provide additional background on the exchange terms.

Form 4

Period: 2026-03-27

DirectorPresident and CEO

Transactions

Disposition to Issuer
Class A Common Shares
[F1]
2026-03-27$7.81/sh−1,363,080$10,645,655→ 93 total
Award
Class C Common Shares
[F1]
2026-03-27$7.84/sh+1,300,243$10,193,905→ 3,105,039 total
Award
Class B Common Shares
[F2][F3]
2026-03-30+132,813→ 561,563 total

Holdings

Footnotes (3)

[F1]The Reporting Person surrendered 1,363,080 Class A common shares to the Issuer and received 1,300,243 Class C common shares (the "Exchange") pursuant to an Exchange Agreement between the Issuer and the Reporting Person, dated March 27, 2026. The Exchange is exempt pursuant to Rules 16b-3(d) and (e) of the Securities Exchange Act of 1934, as amended. According to the terms of the Exchange Agreement, the value of the Class A and Class C common shares was equal to the closing prices of such shares on March 20, 2026. The Reporting Person's Schedule 13D/A No.2 filed on March 31, 2026 provides additional information regarding the exchange.
[F2]Each Class B Common Share is convertible, at the holder's election, into one Class A Common Share, at any time for no consideration other than the surrender of the Class B Common Share for each Class A Common Share.
[F3]The Issuer's Compensation Committee approved vesting of 132,813 Class B common share performance share units by the Reporting Person based on his and the Issuer's 2026 performance.

Signature

/s/ John M. Winter, Attorney-in-Fact|2026-03-31

1 file