Liberty Latin America Ltd. (LILA) President and CEO, Balan Nair, entered into an exchange agreement on March 27, 2026. Mr. Nair exchanged 1,363,080 Class A Common Shares for 1,300,243 Class C Common Shares. The exchange, referred to as the LILAK Share Exchange, closed on March 27, 2026. The primary motivation for the exchange was personal tax planning, specifically to address requirements imposed by the Net Controlled Foreign Corporation Tested Income regime. This tax regime imposes additional taxes on foreign earnings for U.S. shareholders whose voting power exceeds 10% of the issued and outstanding shares of certain foreign corporations. Mr. Nair continues to support the long-term business strategy of the Company despite this personal financial transaction.