Sec Form 4 Filing - Nair Balan @ Liberty Latin America Ltd. - 2024-10-22

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Nair Balan 2. Issuer Name and Ticker or Trading Symbol Liberty Latin America Ltd. [ LILA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) President and CEO (Last) (First) (Middle) 1550 WEWATTA STREET, SUITE 800 3. Date of Earliest Transaction (MM/DD/YY) 10/22/2024 (Street) DENVER, CO80202 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Share Appreciation Rights A $ 21.58 10/22/2024 D( 1 ) 200,000 ( 1 )( 2 ) 01/02/2025 Class A Common Shares 200,000 ( 1 ) 0 D Share Appreciation Rights A $ 21.58 10/22/2024 A( 1 ) 200,000 ( 1 )( 2 ) 01/02/2028 Class A Common Shares 200,000 ( 1 ) 200,000 D Share Appreciation Rights A $ 18.63 10/22/2024 D( 1 ) 115,740 ( 1 )( 2 ) 05/01/2025 Class A Common Shares 115,740 ( 1 ) 0 D Share Appreciation Rights A $ 18.63 10/22/2024 A( 1 ) 115,740 ( 1 )( 2 ) 05/01/2028 Class A Common Shares 115,740 ( 1 ) 115,740 D Share Appreciation Rights A $ 19.91 10/22/2024 D( 1 ) 122,827 ( 1 )( 2 ) 05/01/2026 Class A Common Shares 122,827 ( 1 ) 0 D Share Appreciation Rights A $ 19.91 10/22/2024 A( 1 ) 122,827 ( 1 )( 2 ) 05/01/2029 Class A Common Shares 122,827 ( 1 ) 122,827 D Share Appreciation Rights A $ 10.42 10/22/2024 D( 1 ) 220,734 ( 1 )( 2 ) 03/16/2027 Class A Common Shares 220,734 ( 1 ) 0 D Share Appreciation Rights A $ 10.42 10/22/2024 A( 1 ) 220,734 ( 1 )( 2 ) 03/16/2030 Class A Common Shares 220,734 ( 1 ) 220,734 D Share Appreciation Rights C $ 21.39 10/22/2024 D( 1 ) 400,000 ( 1 )( 2 ) 01/02/2025 Class C Common Shares 400,000 ( 1 ) 0 D Share Appreciation Rights C $ 21.39 10/22/2024 A( 1 ) 400,000 ( 1 )( 2 ) 01/02/2028 Class C Common Shares 400,000 ( 1 ) 400,000 D Share Appreciation Rights C $ 18.24 10/22/2024 D( 1 ) 231,480 ( 1 )( 2 ) 05/01/2025 Class C Common Shares 231,480 ( 1 ) 0 D Share Appreciation Rights C $ 18.24 10/22/2024 A( 1 ) 231,480 ( 1 )( 2 ) 05/01/2028 Class C Common Shares 231,480 ( 1 ) 231,480 D Share Appreciation Rights C $ 20.03 10/22/2024 D( 1 ) 245,654 ( 1 )( 2 ) 05/01/2026 Class C Common Shares 245,654 ( 1 ) 0 D Share Appreciation Rights C $ 20.03 10/22/2024 A( 1 ) 245,654 ( 1 )( 2 ) 05/01/2029 Class C Common Shares 245,654 ( 1 ) 245,654 D Share Appreciation Rights C $ 10.48 10/22/2024 D( 1 ) 441,468 ( 1 )( 2 ) 03/16/2027 Class C Common Shares 441,468 ( 1 ) 0 D Share Appreciation Rights C $ 10.48 10/22/2024 A( 1 ) 441,468 ( 1 )( 2 ) 03/16/2030 Class C Common Shares 441,468 ( 1 ) 441,468 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Nair Balan 1550 WEWATTA STREET SUITE 800 DENVER, CO80202 X President and CEO Signatures /s/ John M. Winter, Attorney-in-Fact 10/24/2024 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The reported transactions involve an extension of the seven-year exercise period on existing share appreciation rights (SAR) for an additional three-year period. For Form 4 reporting purposes, this is shown as if the outstanding SAR were to be cancelled and replaced by a new SAR. However, from the Issuer's perspective, no new SAR is issued, the Issuer has only extended the expiration term on the original grant, with the same pricing and other terms continuing to apply. ( 2 )Vesting and exercise of the existing SAR has not changed as a result of the extension and therefore the SAR continues to be immediately exercisable.

Remarks: The trading symbols for the Issuer's classes of common shares are LILA, LILAB, and LILAK.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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