Sec Form 4 Filing - Nair Balan @ Liberty Latin America Ltd. - 2024-03-15

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) 03/15/2024 (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 Class A Common Shares 03/15/2024 A 36,848 ( 1 ) A $ 0 ( 1 ) 815,167 D Class A Common Shares 03/15/2024 M 31,085 A $ 0 ( 2 ) 846,252 D Class A Common Shares 03/15/2024 M 45,139 A $ 0 ( 2 ) 891,391 D Class A Common Shares 03/15/2024 M 3,472 A $ 0 ( 2 ) 894,863 D Class A Common Shares 03/15/2024 M 60,116 A $ 0 ( 2 ) 954,979 D Class B Common Shares ( 3 ) 03/15/2024 M 156,250 A $ 0 ( 4 ) 428,750 D Class C Common Shares 03/15/2024 A 73,696 ( 1 ) A $ 0 ( 1 ) 1,398,604 D Class C Common Shares 03/15/2024 M 62,171 A $ 0 ( 2 ) 1,460,775 D Class C Common Shares 03/15/2024 M 90,278 A $ 0 ( 2 ) 1,551,053 D Class C Common Shares 03/15/2024 M 6,944 A $ 0 ( 2 ) 1,557,997 D Class C Common Shares 03/15/2024 M 120,232 A $ 0 ( 2 ) 1,678,229 D Class C Common Shares 03/15/2024 F 299,997 D $ 6.31 1,378,232 D Class C Common Shares 11,849 I By 401(k) Plan Class C Common Shares 1,139 I By IRA

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 Restricted Share Units A ( 2 ) 03/15/2024 M 31,085 ( 5 ) ( 5 ) Class A Common Shares 31,085 ( 2 ) 0 D Restricted Share Units A ( 2 ) 03/15/2024 M 45,139 ( 6 ) ( 6 ) Class A Common Shares 45,139 ( 2 ) 45,139 D Restricted Share Units A ( 2 ) 03/15/2024 M 3,472 ( 6 ) ( 6 ) Class A Common Shares 3,472 ( 2 ) 3,472 D Restricted Share Units A ( 2 ) 03/15/2024 M 60,116 ( 7 ) ( 7 ) Class A Common Shares 60,116 ( 2 ) 120,232 D Restricted Share Units B ( 4 ) 03/15/2024 M 156,250 03/15/2024 03/15/2024 Class B Common Shares 156,250 ( 4 ) 0 D Restricted Share Units C ( 2 ) 03/15/2024 M 62,171 ( 5 ) ( 5 ) Class C Common Shares 62,171 ( 2 ) 0 D Restricted Share Units C ( 2 ) 03/15/2024 M 90,278 ( 6 ) ( 6 ) Class C Common Shares 90,278 ( 2 ) 90,278 D Restricted Share Units C ( 2 ) 03/15/2024 M 6,944 ( 6 ) ( 6 ) Class C Common Shares 6,944 ( 2 ) 6,944 D Restricted Share Units C ( 2 ) 03/15/2024 M 120,232 ( 7 ) ( 7 ) Class C Common Shares 120,232 ( 2 ) 240,464 D Restricted Share Units A ( 2 ) 03/15/2024 A 4,606 03/01/2025( 8 ) 03/01/2025( 8 ) Class A Common Shares 4,606 ( 2 ) 4,606 D Restricted Share Units C ( 2 ) 03/15/2024 A 9,212 03/01/2025( 8 ) 03/01/2025( 8 ) Class C Common Shares 9,212 ( 2 ) 9,212 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 03/19/2024 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The Issuer's annual performance award program includes a shareholder incentive program that allows participants, including the Reporting Person, to receive up to 50% of their annual performance awards in common shares of the Issuer in lieu of cash; thereby, aligning our employees' interests and our shareholders. These shares represent the Reporting Person's election to receive such common shares in respect of his 2023 annual performance award (the Bonus Shares). ( 2 )Each Restricted Share Unit represents a right to receive one share of the Issuer's Class A common shares or Class C common shares, as the case may be, at settlement. ( 3 )Each Class B Common Share is convertible, at the holder's election, into one Class A Common Share, at any time for no consideration other than the surrender of the Class B Common Share for each Class A Common Share. ( 4 )Each Restricted Share Unit represents a right to receive one share of the Issuer's Class B common shares at settlement. ( 5 )The RSUs vest in three equal annual installments on March 15 of 2022, 2023 and 2024. ( 6 )The RSUs vest in three equal annual installments on March 15 of 2023, 2024 and 2025. ( 7 )The RSUs vest in three equal annual installments on March 15 of 2024, 2025 and 2026. ( 8 )Based on the Reporting Person's share election described in footnote 1, the Reporting Person also received RSUs equal to 12.5% of the Bonus Shares pursuant to the shareholder incentive program of the 2023 annual performance award program. These RSUs will vest in full on March 1, 2025, provided that the Reporting Person does not sell, transfer or otherwise dispose of the Bonus Shares through such date.

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).

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