Liberty Latin America CEO Nair Balan Buys Shares via ESPP

What Happened

• Nair Balan, President and CEO of Liberty Latin America Ltd. (LILA), participated in the company Employee Stock Purchase Plan (ESPP) for the Jan 1–Jun 30, 2026 offering period. On 2026-06-30 he purchased 2,049 common shares at $7.32/share for $14,999 (look-back price) and received 803 matching common shares (issued at $0). He also received 80 Series A Preferred Shares as a match benefit. To satisfy tax withholding obligations, the issuer withheld a total of 503 common shares (449 shares at $7.79, $3,498; and 54 shares at $7.32, $395).

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-08-03 (filed about one month after transactions).
• Purchase: 2,049 common shares @ $7.32 = $14,999 (ESPP purchase using the plan’s look-back feature).
• Match/award: 803 common shares @ $0 (match benefit) and 80 Preferred Shares @ $0 (issued at 0.10 Preferred per matching common share).
• Tax withholding (dispositions): 449 shares @ $7.79 ($3,498) and 54 shares @ $7.32 ($395) to cover taxes.
• Net common shares acquired on the date: +2,349 common shares (2,049 + 803 − 503 withheld).
• Notable filings/footnotes: transactions were conducted under the ESPP and its match benefit, exempt under Rule 16b-3(c)/(d); the ESPP “look-back” determined the $7.32 purchase price; preferred shares issued per the plan’s match rate (footnotes F1–F5).
• Shares owned after the transaction: not provided in the materials supplied here.
• Timeliness: Form filed on 2026-08-03 for 2026-06-30 transactions — appears to be a late filing (may affect public timeliness).

Context

• This package of transactions is a routine ESPP purchase plus company match. The withholding of shares to cover taxes is common in ESPP/award settlements (a cashless-like mechanism) and does not by itself indicate a sale to diversify or exit a position. The look-back feature often produces a lower purchase price for employees; the match benefit included issuance of both common and Preferred Shares.