Nair Balan 4

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.