DE ANGOITIA ALFONSO 4

What Happened Alfonso de Angoitia, a director of Liberty Latin America Ltd. (LILA), received 14,894 newly issued Series A Preference Shares as a special dividend declared May 21, 2026 and paid June 16, 2026. The Form 4 also reports an additional 1,935 RSU-based Series A Preference share units acquired June 17, 2026 through an RSU adjustment. Both transactions are reported as "other acquisition or disposition (J)" with a reported price of $0.00 because they resulted from a dividend/award adjustment rather than a cash purchase. The Series A Preference Shares have an initial liquidation price of $25.00 per share, implying an aggregate liquidation value of roughly $372,350 for the 14,894 shares and about $48,375 for the 1,935 RSU-derived shares (total ≈ $420,725, based on the $25 liquidation price).

Key Details

• Transaction dates: June 16, 2026 (14,894 Preferred Shares received) and June 17, 2026 (1,935 RSU-derived Preferred Shares).
• Reported price: $0.00 (acquisitions via special dividend/award adjustment).
• Implied value (based on $25 initial liquidation price): ~ $372,350 (June 16) and ~ $48,375 (June 17); total ≈ $420,725. This is an implied liquidation price, not a market sale price.
• Footnotes: Issuer declared a special dividend of 0.10 Series A Preference Shares per outstanding common share; RSUs were adjusted under anti-dilution provisions so Original RSUs convert to RSUs covering Preferred Shares (each RSU = right to one Series A Preference Share).
• Shares owned after the transactions: not stated in the filing.
• Filing timeliness: Form 4 was filed July 17, 2026 for transactions on June 16–17, 2026 — more than the typical two business days after the transaction (i.e., appears late).

Context

• These entries are distribution/award-related, not open-market buys or sales; the $0.00 report price reflects that no cash changed hands on acquisition.
• The RSU entry represents an adjustment to existing restricted share units (derivative rights) to convert them into rights to Preferred Shares per the dividend adjustment; it is not an option exercise or sale.
• For retail investors, dividend/award receipts by insiders are typically administrative and don’t necessarily signal a buy or sell decision by the insider.