WINTER JOHN M 4

What Happened John M. Winter, SVP, CLO and Secretary of Liberty Latin America (LILA), acquired shares under the company's Employee Stock Purchase Plan (ESPP) on 2025-12-31. He received a 320-share match (reported at $0.00) and purchased 509 shares at $6.43 each (total $3,273). To satisfy tax liabilities related to the ESPP purchase and match, 224 shares were withheld by the issuer (184 shares and 40 shares) at a reported value of $7.46 each (total value withheld $1,671). Net share increase from the transactions: +605 shares.

Key Details

• Transaction date: 2025-12-31; Filing date: 2026-02-10 (filing appears delayed relative to the typical 2-business-day Form 4 deadline).
• Acquisitions: 320 shares @ $0.00 (match benefit) and 509 shares @ $6.43 (purchase) — combined 829 shares; reported purchase cost for the 509-share lot = $3,273.
• Withheld for taxes: 184 shares @ $7.46 ($1,373) and 40 shares @ $7.46 ($298) — total 224 shares withheld, value $1,671.
• Net effect: +605 shares retained by the insider after withholding.
• Footnotes: transactions were made under the ESPP and its match benefit, exempt under Rule 16b-3(c)/(d); the plan’s "look-back" feature was used to set the purchase price.
• Shares owned after the transaction: not specified in the filing.
• Trading symbols: LILA, LILAB, LILAK.

Context

• These were ESPP transactions (employee purchase + employer match). The match shares are typically awarded rather than bought by the insider; the look-back feature can lower the purchase price by using the lower closing price at the start or end of the contribution period.
• The shares "disposed" here reflect shares withheld by the company to satisfy tax withholding — not open-market sales. Such withholdings are routine for ESPP purchases and tax withholding.
• The filing notes exemptions under Rule 16b-3, which are standard for compensatory employee plan transactions.