GOULD PAUL A 4

What Happened

• Paul A. Gould, a director of Liberty Latin America Ltd. (tickers: LILA, LILAB, LILAK), received two restricted share unit (RSU) awards on 2026-03-13 totaling 19,356 RSUs (6,452 + 12,904).
• On 2026-03-15 the filing shows conversions/exercises of 3,366 derivative units (1,122 + 2,244) reported as acquired at $0.00 (total reported value $0) and those same 3,366 shares are also reported as disposed on 2026-03-15.
• The grant entries are awards (code A) and the conversions/exercises are reported under code M (exercise/conversion of derivative).

Key Details

• Transaction dates: RSU grants on 2026-03-13; conversions/exercises and disposals on 2026-03-15. Filing date: 2026-03-17 (Form 4 accession 0001712184-26-000049). The filing is not marked as late.
• Prices/values reported: Exercise/acquisition price listed as $0.00 (acquired shares total $0); grant awards list N/A for price/value. Disposed transactions list N/A for price/value.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Each Restricted Share Unit represents a right to receive one Class A or Class C common share at settlement (F1).
• Transaction codes: A = award/grant (RSUs); M = exercise or conversion of derivative. The filing does not state the reason for the same-day disposals.

Context

• RSU grants are compensation awards and are not open-market purchases (they vest/settle according to plan terms). The filing shows exercised/converted shares were disposed the same day—filings often reflect sell-to-cover for taxes or immediate sales, but this Form 4 does not specify the reason.
• Retail investors typically view purchases as a stronger direct signal than awards; grants indicate compensation rather than an outright insider buy.