Sanchez Daniel E. 4

What Happened

• Daniel E. Sanchez, a director of Liberty Latin America Ltd. (tickers: LILA, LILAB, LILAK), reported RSU grants on 2026-03-13 and subsequent conversions/exercises on 2026-03-15. On 3/13 he was granted 6,452 and 12,904 restricted share units (RSUs). On 3/15 the filing shows conversions/exercises resulting in acquisition of 7,477 and 14,954 shares at $0.00, and matching disposals of 7,477 and 14,954 shares (derivative dispositions) the same day — consistent with a settlement where shares are issued and some are immediately withheld or disposed to cover tax/withholding obligations.

Key Details

• Transaction dates: Grants dated 2026-03-13; conversions/exercises and related dispositions dated 2026-03-15.
• Prices reported: Exercises show $0.00 per share on the two acquired lines (typical for RSU settlement); disposal lines show N/A (derivative) indicating shares were not sold on the open market.
• Share counts reported: Grants — 6,452 RSUs and 12,904 RSUs; Exercises/Acquired — 7,477 and 14,954 shares; Disposed — 7,477 and 14,954 shares.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: F1 — Each Restricted Share Unit represents a right to receive one Class A or Class C common share at settlement.
• Timeliness: Period of report is 2026-03-13 and the Form 4 was filed 2026-03-17; this filing date appears to be within the usual Form 4 reporting window.

Context

• These transactions involve derivative awards (RSUs) being settled rather than an open-market purchase or sale. The matching acquired and disposed amounts on 3/15 suggest a cashless settlement or withholding/disposition to satisfy tax obligations rather than an investor-initiated sale. Such routine tax-withholding dispositions are common when awards vest and do not necessarily indicate a change in insider sentiment.