MALONE JOHN C 4

What Happened

• John C. Malone, Director Emeritus, is reported to have acquired 61,059 Class A shares and 12,345,404 Class C shares of Liberty Latin America on 2026-05-22 at $8.63 per share. The Class A purchase totaled $526,939 and the Class C purchase totaled $106,540,837, for a combined purchase value of $107,067,776.
• The Form 4 also shows matching disposals of the same quantities and amounts. Footnotes explain these reflect a transfer from Liberty Capital Corporation (f/k/a GCI Liberty, Inc.) to Malone under an agreement dated 5/22/26; Liberty Capital previously held the shares and, after the transactions, no longer beneficially owns these Issuer shares. Malone is Chairman of Liberty Capital and is reported to have majority voting power of Liberty Capital. He also disclaims beneficial ownership of the shares previously held by Liberty Capital except for any indirect pecuniary interest.

Key Details

• Transaction date: 2026-05-22; Filing date: 2026-05-27 (filed 5 days after the transactions; SEC Form 4s are generally due within two business days, so this appears later than typical).
• Price: $8.63 per share.
• Shares acquired: 61,059 Class A ( $526,939 ) and 12,345,404 Class C ( $106,540,837 ); combined = 12,406,463 shares / $107,067,776.
• Matching disposals reflect the transfer from Liberty Capital (per footnotes).
• Shares owned after transaction: The report disclaims that Malone benefitted from prior ownership through Liberty Capital; the filing does not present Malone claiming beneficial ownership of those previously-held Liberty Capital shares (see footnotes).
• Notable footnotes: F1 describes the purchase agreement and disclaimer of prior beneficial ownership; F2 states GCI Liberty no longer beneficially owns Issuer shares; F3 reiterates the disclaimer of beneficial ownership; F4 notes certain shares are held by a charitable remainder unitrust (Malone co-trustee).

Context

• These entries reflect an affiliated transfer (Liberty Capital → Malone) rather than an open-market investment by an unrelated outsider; filings that show simultaneous sales and purchases often document transfers between related parties. Purchases by insiders can be viewed as informative by investors, but the filing includes explicit disclaimers about beneficial ownership, so readers should not assume a straightforward change in Malone’s disclosed beneficial ownership position. The filing was submitted on 2026-05-27 for 2026-05-22 transactions, which is later than the usual two-business-day Form 4 deadline. Trading symbols: LILA, LILAB, LILAK.