SEC Form 4 · accession 0001058725-26-000009
Liberty Latin America Ltd. · LILA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael T Fries
Officer — Executive Chairman · Director
Period of report
Jun 25, 2026
Accepted (ET)
Jul 17, 2026 · 8:11 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001712184
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Series A Preference SharesF1 | Jun 16, 2026 | J | 99,953 | $0.00 | A | 99,953 | D | |
| Series A Preference SharesF2 | Jun 25, 2026 | P | 49,382 | $20.3862 | A | 149,335 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share Units PF4,F3,F5 | — | Jun 17, 2026 | J | 6,129 | A | — | — | Series A Preference Shares | 6,129 | 6,129 | D |
| Share Appreciation Rights AF6,F7 | $15.10 | holding | — | — | — | — | Jan 2, 2028 | Class A Common Shares | 238,333 | 238,333 | D |
| Share Appreciation Rights CF6,F8 | $14.56 | holding | — | — | — | — | Jan 2, 2028 | Class C Common Shares | 489,999 | 489,999 | D |
Explanation of responses
- F1On May 21, 2026, the Issuer announced that an authorized committee of the Issuer's board of directors declared a special dividend on each of its outstanding common shares payable on June 16, 2026 to all holders of record as of 5:00 p.m., New York City time, on June 1, 2026 consisting of a special dividend of 0.10 shares of newly issued 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Shares (the "Preferred Shares"), having an initial liquidation price of $25 per Preferred Share (the "Dividend"). As a result of the Dividend, the reporting person directly received 99,953 Preferred Shares.
- F2The price reflects a weighted average of purchases made at prices ranging from $20.20 to $20.50. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
- F3Each Restricted Share Unit P ("RSU") represents a right to receive one share of the Issuer's Series A Preference Shares at settlement.
- F4In connection with the Dividend, all RSUs with respect to the Issuer's common stock ("Original RSUs") were adjusted pursuant to the anti-dilution provisions of the incentive plans under which the RSU awards held by the reporting person were granted. Each holder of an Original RSU was entitled to receive an RSU with respect to a number of Preferred Shares equal to 0.10 multiplied by the number of shares of common stock underlying the Original RSU, subject to the same terms and conditions as the Original RSU. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F5The Restricted Share Units vest in full on March 15, 2027.
- F6The derivative security is fully vested.
- F7This share appreciation right award ("SAR") was previously reported as a SAR relating to 166,667 shares of the Issuer's common stock at a base price of $21.58 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F8This SAR was previously reported as a SAR relating to 333,333 shares of the Issuer's common stock at a base price of $21.39 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
Remarks
The trading symbols for the Issuer's classes of common shares are LILA, LILAB, and LILAK, and the trading symbol for the Issuer's Series A Preference Shares is LILAP.