Nair Balan 4

4 · Liberty Latin America Ltd. · Filed Feb 10, 2026

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Updated Feb 10, 2026

Liberty Latin America CEO Nair Balan Receives ESPP Shares

What Happened

Nair Balan, President & CEO and a director of Liberty Latin America Ltd. (tickers: LILA, LILAB, LILAK), received a total of 244 shares on 2025-12-31 under the company's Employee Stock Purchase Plan (ESPP) and match benefit. The award consisted of 156 match shares (acquired at $0.00, value $0) and 88 purchased shares at $6.43 each (total cost/value reported $566). To satisfy tax withholding related to the purchase and match issuance, 84 shares were withheld/disposed: 78 shares at $7.46 (≈ $582) and 6 shares at $7.46 (≈ $45), totaling about $627 withheld.

Key Details

Transaction date: 2025-12-31; Form 4 filed: 2026-02-10 (filed late relative to the transaction date).
Acquisitions: 156 shares @ $0.00 (match benefit) + 88 shares @ $6.43 (ESPP look-back price) = 244 shares acquired.
Dispositions (tax withholding): 78 shares @ $7.46 (≈ $582) + 6 shares @ $7.46 (≈ $45) = 84 shares withheld (~$627).
Footnotes: transactions were pursuant to the ESPP and the plan's "match benefit" and used the plan's "look-back" feature to set the purchase price; transactions were reported as exempt under Rule 16b-3(c) and 16b-3(d).
Shares owned after transaction: not specified in the provided excerpt.
Filing timeliness: The Form 4 was filed about six weeks after the transaction date (late filing), which is noted in the report.

Context

These were ESPP acquisitions and related tax-withholding share dispositions—not open-market buys or discretionary sales. The $0.00 entries reflect matched shares granted by the company; the look-back feature reduced the purchase price for the employee-paid shares to $6.43.
Tax withholding via share retention/ disposition is routine and does not necessarily indicate a voluntary sale or change in insider sentiment. The exemption under Rule 16b-3 reflects routine plan-based transactions for insiders.

Form 4

Period: 2025-12-31

DirectorPresident and CEO

Transactions

Award
Class C Common Shares
[F1]
2025-12-31+156→ 1,653,898 total
Tax Payment
Class C Common Shares
[F2]
2025-12-31$7.46/sh−78$582→ 1,653,820 total
Award
Class C Common Shares
[F3][F4]
2025-12-31$6.43/sh+88$566→ 1,653,908 total
Tax Payment
Class C Common Shares
[F2]
2025-12-31$7.46/sh−6$45→ 1,653,902 total

Holdings

Footnotes (4)

[F1]These shares were acquired pursuant to the "match benefit" of ESPP in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).
[F2]Represents common shares that have been withheld by the Issuer to satisfy the tax liability in connection with the purchase of shares under the ESPP and its look-back feature and the issuance of shares pursuant to the "match benefit."
[F3]These shares were acquired under the Liberty Latin America Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
[F4]The Employee Stock Purchase Plan's "look-back" feature was used to determine the purchase price for these shares. The "look-back" feature compares the closing price of the Issuer's Class C common shares on the first and last trading days of the contribution period, with the lower of the two being used to determine the purchase price.

Signature

/s/ John M. Winter, Attorney-in-Fact|2026-02-10

1 file