NOYES CHRISTOPHER J 4

What Happened

• Christopher J. Noyes, Chief Financial Officer of Liberty Latin America (LILA), reported receiving 88,634 newly issued 9.0% Series A Preferred Shares as a special dividend payable June 16, 2026. The preferred shares have an initial liquidation price of $25 each (≈ $2.22M liquidation value).
• The Form 4 also shows additional non-cash adjustments recorded June 16–17, 2026: 4,075 RSU-type rights/awards and three derivative (SAR) adjustments of 7,873, 14,953 and 19,354 shares. All these were recorded at $0.00 because they reflect the dividend and related anti-dilution adjustments to awards, not open-market purchases.

Key Details

• Transaction dates: June 16, 2026 (preferred shares and RSU adjustments) and June 17, 2026 (derivative/SAR adjustments). Form filed July 17, 2026.
• Reported prices: $0.00 for all entries (non-cash dividend/award adjustments). Preferred shares have $25 liquidation price for valuation context.
• Notable footnotes: Issuer declared a special dividend on May 21, 2026 (0.10 Series A Preferred per outstanding common share). SAR and RSU awards were adjusted under anti-dilution provisions and approved by the compensation committee pursuant to Rule 16b-3.
• Vesting/derivative notes: Some adjusted SARs/RSUs have standard vesting schedules (various footnotes reference vesting in 2027–2029); at least one derivative security is noted as fully vested.
• Filing timeliness: The Form 4 reports transactions on June 16–17 but was filed July 17, 2026 — this appears late relative to the 2-business-day Form 4 filing requirement.

Context

• These entries reflect a non-cash corporate action (special dividend in preferred shares) and corresponding anti-dilution adjustments to equity awards (SARs/RSUs). They are not open-market buys or sales and do not on their own indicate a trading decision by the insider.