DE ANGOITIA ALFONSO 4

What Happened

• Alfonso De Angoitia, a director of Liberty Latin America Ltd. (tickers: LILA, LILAB, LILAK), exercised/converting derivatives on 2026-03-15 that resulted in acquisition of 22,431 shares (7,477 + 14,954) at an exercise/conversion price reported as $0.00 (aggregate cash paid $0). On 2026-03-13 he was granted 19,356 restricted share units (RSUs) (6,452 + 12,904) (derivative awards). To cover tax withholding related to the exercises/settlements, 944 shares were disposed on 2026-03-15 (315 shares @ $7.58 for $2,388 and 629 shares @ $7.77 for $4,887), totaling $7,275.

Key Details

• Transaction dates: RSU grants on 2026-03-13; exercises/conversions and tax-withholding disposals on 2026-03-15; Form filed 2026-03-17.
• Prices/values: Exercise/conversion price shown as $0.00 for acquired shares (cash outlay $0). Tax-withholding disposals: 315 @ $7.58 ($2,388) and 629 @ $7.77 ($4,887); total withheld proceeds $7,275.
• Shares affected: 22,431 shares acquired by exercise/conversion; 19,356 RSUs granted; 944 shares withheld/ disposed for taxes.
• Shares owned after transaction: not specified in the reported items of this filing.
• Footnote: Each RSU represents a right to receive one Class A or Class C common share at settlement (F1).
• Timeliness: Transactions occurred 3/13 and 3/15 and the Form 4 was filed 3/17; this appears to be filed within the standard two-business-day window.

Context

• The activity appears to be settlement/conversion of derivative awards and RSU grants rather than an open-market purchase — the $0.00 exercise price and the separate tax-withholding disposals indicate stock-settlement and withholding rather than a cash purchase. Tax withholding shares were disposed to satisfy tax obligations (code F). These types of transactions are typically routine award settlement activity and do not by themselves indicate insider buying or selling sentiment.