NOYES CHRISTOPHER J 4

What Happened
Christopher J. Noyes, Chief Financial Officer of Liberty Latin America Ltd. (tickers LILA / LILAB / LILAK), received a 46-share award as a match under the company's Employee Stock Purchase Plan (ESPP) on 2025-12-31. Of those, 27 shares were withheld by the issuer to satisfy tax withholding at an effective value of $7.46 per share (total withheld value ≈ $201), leaving a net increase of 19 shares to Noyes’ holdings.

Key Details

• Transaction date(s): 2025-12-31; filing date: 2026-02-10 (filed ~41 days after the transaction). Form 4s are normally due within 2 business days — this filing appears late based on those dates.
• Acquired (A): 46 shares @ $0.00 (ESPP match).
• Tax withholding (F): 27 shares withheld @ $7.46 = $201 to satisfy tax liability.
• Net new shares received: 46 − 27 = 19 shares.
• Footnotes: F1 notes the shares were acquired pursuant to the ESPP "match benefit" and the transaction was exempt under Rules 16b-3(d) and 16b-3(c). F2 confirms the 27 shares were withheld by the issuer to satisfy tax withholding.
• Shares owned after the transaction: not reported in the provided filing.

Context
This was an issuance of shares under the company ESPP (a common, non-market purchase award). The withholding of shares to cover taxes is routine and coded F on Form 4; it is not a market sale signal. The acquisition is generally treated as a standard employee benefit rather than a directional investment action by the insider.