Sec Form 4 Filing - Nair Balan @ Liberty Latin America Ltd. - 2023-06-30

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) 06/30/2023 (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 Class C Common Shares 06/30/2023 A( 1 ) V 1,901 A $ 7.89 ( 2 ) 1,152,267 D Class C Common Shares 06/30/2023 F( 3 ) V 76 D $ 7.89 ( 2 ) 1,152,190 D Class C Common Shares 06/30/2023 A( 4 ) V 534 A $ 0 1,152,724 D Class C Common Shares 06/30/2023 F( 3 ) V 234 D $ 8.62 1,152,490 D Class C Common Shares 1,139 I By IRA Class C Common Shares 10,764 ( 5 ) I By 401(k) Plan

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

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 08/03/2023 Signature of Reporting Person Date

Explanation of Responses:

( 1 )These shares were acquired under the Liberty Latin America Employee Stock Purchase Plan ("ESPP") in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c). ( 2 )The ESPP's "look-back" feature was used to determine the price for these shares. The "look-back" feature compares the closing price of the Issuer's Class C common shares on the first and last trading days of the Jan. 1 - June 30, 2023 contribution period, with the lower of the two being used to determine the purchase price. ( 3 )Represents common shares that have been withheld by the Issuer to satisfy the tax liability arising from the ESPP transactions reported on this form which are exempt under both Rule 16b-3(d) and Rule 16b-3(c). ( 4 )These shares were acquired pursuant to the "match benefit" of ESPP in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c). ( 5 )The Reporting Person received 1,604 shares contributed by Issuer under its 401(k) Plan as of June 30, 2023.

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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