Nair Balan 4

What Happened

• Nair Balan, President & CEO and a director of Liberty Latin America Ltd. (tickers include LILA, LILAB, LILAK; Series A preferred ticker LILAP), acquired common shares in open-market purchases on June 18, 2026 and also received 381,753 Series A Preferred Shares as a special dividend paid June 16, 2026.
• Purchases: 151,759 common shares at a weighted-average price of $4.95 (total ≈ $751,632) and 13,155 common shares at a weighted-average price of $18.95 (total ≈ $249,340) — combined cash outlay ≈ $1,001,000.
• Dividend receipt: 381,753 newly issued 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Shares were received as a special dividend (record date June 1, payable June 16). The preferred shares have an initial liquidation price of $25.00 per share; the reported acquisition price for the dividend is $0 (i.e., non-cash distribution).

Key Details

• Transaction dates: Preferred dividend paid 2026-06-16; open-market purchases on 2026-06-18.
• Purchase prices / ranges: 151,759 shares at $4.95 (weighted avg; purchases ranged $4.82–$5.00 per F2); 13,155 shares at $18.95 (weighted avg; purchases ranged $18.95–$18.955 per F3).
• Dividend detail: 381,753 Series A Preferred Shares received per footnote F1; footnote F4 notes an additional 2,164 Preferred Shares were received in his 401(k) account as part of the dividend. Preferred shares are 9.0% cumulative with $25 initial liquidation price (symbol LILAP).
• Reporting / timeliness: Form 4 filed 2026-06-23 reporting transactions through 2026-06-18 — this appears to be one business day late for the June 18 purchases (Form 4 is generally due within two business days).
• Shares owned after transaction: not specified in the information provided.

Context

• The 381,753 preferred shares were received as a special stock dividend (non-cash distribution) and reported at $0 — this is not a market purchase or cash proceeds. Preferred shares may carry dividend and liquidation preferences different from common stock.
• The June 18 open-market purchases are straightforward buy transactions (code P) — purchases by executives can be interpreted as an indication of buying activity but do not, by themselves, prove future company performance.
• No option exercises, gifts, or tax-withholding shares are reported in this filing.