Nair Balan 4

What Happened
Nair Balan, President & CEO and a director of Liberty Latin America (tickers include LILA, LILAB, LILAK), executed an exchange on June 29, 2026 in which he disposed of 60,000 Class B common shares and acquired 60,000 Class C common shares. Each leg of the transaction was recorded at $7.63 per share, representing $457,800 for the disposed shares and $457,800 for the acquired shares. The exchange was done pursuant to an agreement with a member of the issuer’s board and was described as being for tax planning purposes.

Key Details

• Transaction date: June 29, 2026; Form 4 filed July 1, 2026 (appears timely).
• Price: $7.63 per share.
• Amounts: 60,000 Class B shares disposed (reported under code J) and 60,000 Class C shares acquired (reported under code J). Total reported value per leg: $457,800.
• Shares owned after transaction: Not specified in the provided summary of the filing.
• Relevant footnotes:
  • Footnote F1: Each Class B share is convertible at the holder’s election into one Class A share at no consideration.
  • Footnote F2: The exchange was with a board member at the closing Class C price on June 29, 2026 and was done for tax planning purposes.
• Trading symbols referenced in the filing: LILA, LILAB, LILAK (and Series A preference shares LILAP).

Context
This was an equal exchange of one share class for another (60,000 B → 60,000 C) at the market closing price and was reported as an exchange for tax planning, not an outright open-market sale or purchase for cash. Such intra-company or peer exchanges can reflect personal tax or holding-structure considerations and do not necessarily indicate a change in the insider’s net economic exposure; the filing does not provide additional detail on post-exchange holdings or any change in voting/conversion rights.