# EDGAR Filing Document

**Accession Number:** 0001712184
**File Stem:** 0001398905-26-000005
**Filing Date:** 2026-3
**Character Count:** 23923
**Document Hash:** 6ebd0d98e3624c0c72c1a5a254031e6c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398905-26-000005.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0001398905-26-000005

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Liberty Latin America Ltd.
- **CENTRAL INDEX KEY:** 0001712184
- **STANDARD INDUSTRIAL CLASSIFICATION:** CABLE & OTHER PAY TELEVISION SERVICES [4841]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-90230
- **FILM NUMBER:** 26823580

**BUSINESS ADDRESS:**
- **STREET 1:** 1550 WEWATTA STREET
- **STREET 2:** SUITE 1000
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 303-220-6600

**MAIL ADDRESS:**
- **STREET 1:** 1550 WEWATTA STREET
- **STREET 2:** SUITE 1000
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LatAm Splitco Ltd.
- **DATE OF NAME CHANGE:** 20170718
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nair Balan
- **CENTRAL INDEX KEY:** 0001398905

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**MAIL ADDRESS:**
- **STREET 1:** 901 EXPLORER BOULEVARD
- **CITY:** HUNTSVILLE
- **STATE:** AL
- **ZIP:** 35806

## Ex-7

LIBERTY LATIN AMERICA LTD.

EXCHANGE AGREEMENT

March 27, 2026

Mr. Balan Nair, the President and Chief Executive Officer and a director (the "<u>Undersigned</u>") of Liberty Latin America Ltd., a Bermuda exempted company ("<u>LLA</u>"), enters into this Exchange Agreement (this "<u>Agreement</u>") with LLA as of the date first written above.

On and subject to the terms hereof, the parties hereto agree as follows:

ARTICLE I<br>DEFINITIONS

Section 1.1<u>Definitions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)"<u>Agreement</u>" has the meaning set forth in the preamble hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)"<u>Closing</u>" has the meaning set forth in <u>Section 2.3</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)"<u>Closing Date</u>" has the meaning set forth in <u>Section 2.3</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)"<u>Exchange</u>" has the meaning set forth in <u>Section 2.1</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)"<u>Exchanged Shares</u>" means the number of Class A Common Shares, par value $0.01 per share, of LLA specified on <u>Exhibit A</u> hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)"<u>LLA</u>" has the meaning set forth in the preamble hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)"<u>Person</u>" means an individual, a corporation, a limited liability company, a joint venture, a partnership, an incorporated or unincorporated association, a joint stock company, a trust, an unincorporated organization or a government or an agency or apolitical subdivision thereof or other entity of any kind.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)"<u>Transaction Shares</u>" means the number of Class C Common Shares, par value $0.01 per share, of LLA specified on <u>Exhibit A</u> hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)"<u>Transactions</u>" has the meaning set forth in <u>Section 2.2</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)"<u>Transfer Agent</u>" has the meaning set forth in <u>Section 2.3</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)"<u>Undersigned</u>" has the meaning set forth in the preamble hereto.

ARTICLE II<br>EXCHANGE OF SHARES

Section 2.1<u>Exchange</u>. Upon and subject to the terms set forth in this Agreement, on or prior to March 27, 2026, the Undersigned hereby agrees to (a) deliver and surrender the Exchanged Shares for exchange (the "<u>Exchange</u>") and (b) provide evidence of such delivery and surrender to LLA.

------

Section 2.2<u>Transaction Shares Consideration</u>. For and in consideration of the Undersigned complying with <u>Section 2.1</u> of this Agreement, LLA agrees to deliver or cause to be delivered the Transaction Shares to the Undersigned on the Closing Date. The transactions contemplated by this Agreement, including the issuance, delivery and acceptance of the Transaction Shares and the Exchange, are collectively referred to herein as the "<u>Transactions</u>" and are being effected pursuant to Section 3(a)(9) of the Securities Act of 1933, as amended.

Section 2.3<u>Closing</u>. The closing of the Transactions (the "<u>Closing</u>") shall occur on or before March 30, 2026 or such other date as may be mutually and expressly agreed upon by the parties in writing (the "<u>Closing Date</u>"). On or prior to the Closing Date, LLA shall deliver, or cause to be delivered, to the Undersigned the Transaction Shares, to be effected in book-entry form by Computershare Trust Company, N.A., as transfer agent (in such capacity, the "<u>Transfer Agent</u>"); *provided, however*, that the parties acknowledge that the delivery of the Transaction Shares to the Undersigned be delayed due to procedures or required actions of the Depositary Trust Company or the Transfer Agent, and that any such delays will not constitute a default under this Agreement so long as LLA is using its reasonable best efforts to effect the delivery of the Transaction Shares as promptly as practicable. The Transactions shall be initiated via a Deposit/Withdrawal At Custodian withdrawal pursuant to instructions provided by the Undersigned, which the Undersigned agrees to use its reasonable best efforts to cause the appropriate DTC Participant to provide no later than 9:00 a.m. New York City time on the Closing Date, and the issuance, delivery and acceptance of the Transaction Shares shall be reflected on the books and records of LLA pursuant to the instructions provided by LLA to its Transfer Agent.

Section 2.4<u>Termination</u>. At any time prior to the Closing, this Agreement may be terminated and the Transactions hereby abandoned by the mutual written consent of LLA and the Undersigned.

ARTICLE III<br>COVENANTS, REPRESENTATIONS AND WARRANTIES OF THE UNDERSIGNED

The Undersigned hereby covenants as follows, and makes the following representations and warranties, each of which is and shall be true and correct on the date hereof and at the Closing, to LLA, and all such covenants, representations and warranties shall survive the Closing.

Section 3.1<u>Power and Authorization</u>. The Undersigned has the power, authority and capacity to perform his obligations hereunder and to consummate the Transactions.

Section 3.2<u>Valid and Enforceable Agreement; No Violations</u>. This Agreement has been duly executed and delivered by the Undersigned and constitutes a legal, valid and binding obligation of the Undersigned, enforceable against the Undersigned in accordance with its terms. The execution, delivery and performance of this Agreement and the consummation of the Transactions will not violate, conflict with or result in a breach of or default under any agreement or instrument to which the Undersigned is a party.

------

Section 3.3<u>Title to the Exchanged Shares</u>. The Undersigned is the sole legal and beneficial owner of the Exchanged Shares set forth opposite his name on <u>Exhibit A</u> hereto and has not, in whole or in part, assigned, transferred, hypothecated, pledged, exchanged or otherwise disposed of any of his Exchanged Shares or given any Person any transfer order, power of attorney or other authority of any nature whatsoever with respect to his Exchanged Shares.

Section 3.4<u>No Brokers</u>. No commission or other remuneration has been paid or given directly or indirectly to, by or on behalf of the Undersigned in connection with, or in order to solicit or facilitate, the Transactions, and there is no liability or obligation to pay any such commission or remuneration with respect to the Transactions.

ARTICLE IV<br>COVENANTS, REPRESENTATIONS AND WARRANTIES OF LLA

LLA hereby covenants as follows, and makes the following representations and warranties, each of which is and shall be true and correct on the date hereof and at the Closing, to the Undersigned, and all such covenants, representations and warranties shall survive the Closing.

Section 4.1<u>Power and Authorization</u>. LLA is a validly existing exempted company and in good standing under the laws of Bermuda, and has the corporate power, authority and capacity to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the Transactions.

Section 4.2<u>Authorization of the Shares</u>. The Transaction Shares, when issued and delivered in accordance with the terms of this Agreement, will have been duly and validly authorized and issued, fully paid and non-assessable.

Section 4.3<u>Valid and Enforceable Agreement; No Violations</u>. This Agreement has been duly executed and delivered by LLA and constitutes a legal, valid and binding obligation of LLA, enforceable against LLA in accordance with its terms. The execution, delivery and performance of this Agreement and the consummation of the Transactions will not result in any violation of any statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction over LLA.

Section 4.4<u>No Brokers</u>. No commission or other remuneration has been paid or given directly or indirectly to, by or on behalf of LLA in connection with, or in order to solicit or facilitate, the Transactions, and there is no liability or obligation to pay any such commission or remuneration with respect to the Transactions.

ARTICLE V<br>MISCELLANEOUS

Section 5.1<u>Construction</u>. References in the singular shall include the plural, and vice versa, unless the context otherwise requires. Headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meanings of the provisions hereof.

------

Neither party, nor its respective counsel, shall be deemed the drafter of this Agreement for purposes of construing the provisions of this Agreement and all language in all parts of this Agreement shall be construed in accordance with its fair meaning and not strictly for or against either party. The words "include," "includes," "including" and words of similar import when used in this Agreement will be deemed to be followed by the words "without limitation," unless otherwise specified.

Section 5.2<u>Governing Law</u>. This Agreement shall in all respects be construed in accordance with and governed by the laws of the state of Colorado, without reference to its choice of law rules that would require the application of the laws of another jurisdiction.

Section 5.3<u>Counterparts</u>. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument. Any counterpart or other signature hereon delivered electronically (including by e-mail) shall be deemed for all purposes as constituting good and valid execution and delivery of this Agreement by such party.

[Signature Page Follows]

------

IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed as of the date first above written.

LIBERTY LATIN AMERICA LTD.

By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ John Winter&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

&nbsp;&nbsp;&nbsp;&nbsp;Name: John Winter &nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;Title: Senior Vice President, Chief Legal

Officer and Secretary

UNDERSIGNED:

By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Balan Nair&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

&nbsp;&nbsp;&nbsp;&nbsp;Name: Balan Nair

&nbsp;&nbsp;&nbsp;&nbsp;Title: President and Chief Executive Officer

Signature Page to Exchange Agreement

------

**<u>EXHIBIT A</u>**

---

| | |
|:---|:---|
| **Exchanged Shares**<br>*(whole numbers only, no fractional or decimal amounts)* | **Transaction Shares**<br>*(whole numbers only, no fractional or decimal amounts)* |
| Number of shares held through broker: 1,363,080<br>**DTC Participant name:** *[Separately Provided]* <br>**DTC Participant account number:** *[Separately Provided]*<br>**Broker contact email and phone #:** *[Separately Provided]* <br>**Account # at bank/broker:** *[Separately Provided]* | 1300243<sup>1</sup> |

---

&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> NTD: Amount to be computed by (i) (A) multiplying Exchanged Shares number by LILA closing price on March 20 and (B) dividing the result by the LILAK closing price on March 20, and then (ii) netting out of the resulting number in (i) the amount necessary to cover the withholding on the LILAB shares.

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 2)**

**Liberty Latin America Ltd.**

*(Name of Issuer)*

**Class A common shares, par value $0.01 per share**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Balan Nair**<br>c/o Liberty Latin America Ltd.<br>1550 Wewatta Street, Suite 810<br>Denver CO 80202<br>3039256000

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**03/27/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Nair Balan** | Name of reporting person<br>**Nair Balan** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**712808.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**712808.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**712808.00** | Aggregate amount beneficially owned by each reporting person<br>**712808.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**1.8%** | Percent of class represented by amount in Row (11)<br>**1.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Note (1) to Rows 7, 9 and 11: Includes Class A common shares issuable upon conversion of 561,563 Class B common shares held by Balan Nair (the "Reporting Person" or "Mr. Nair") on the Filing Date. Each Class B common share is convertible, at the option of the holder, into one Class A common share.

Note (2) to Rows 7, 9 and 11: Includes 151,152 Class A common shares that may be acquired upon exercise of vested share appreciation rights to acquire Class A common shares, all of which have an exercise price that exceeded the closing market price of Class A common shares on the date of filing of this Amendment No. 2 to Schedule 13D (the "Filing Date"). Excludes 2,179,010 share appreciation rights to acquire Class A common shares held by Mr. Nair on the Filing Date, all of which have an exercise price that exceeded the closing market price of Class A common shares on the Filing Date.

Note (3) to Rows 7, 9 and 11: Based upon approximately 38.9 million Class A common shares and 2.4 million Class B common shares, in each case, outstanding as of January 31, 2026, as reported by the Issuer in its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 18, 2026, and, as required by Rule 13d-3 under the Securities Exchange Act of the 1934, as amended, and the exercise of all vested, in-the-money share appreciation rights to acquire Class A common shares held by the Reporting Personas of the Filing Date.

Note (4) to Row 13: Each Class A common share is entitled to one vote, whereas each Class B common share is entitled to ten votes.  Accordingly, in the election of directors of the Issuer, the Reporting Person may be deemed to beneficially own voting equity securities representing approximately 9.2% of the voting power of the Issuer, based on the number of shares outstanding specified above in Note 3 and assuming that the Reporting Person has not converted any of his Class B common shares into Class A common shares.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A common shares, par value $0.01 per share

**(b) Name of Issuer:**
Liberty Latin America Ltd.

**(c) Address of Issuer's Principal Executive Offices:**
1550 Wewatta Street, Suite 810, Denver, CO, 80202

This Amendment No. 2 to Schedule 13D (this "Amendment") amends and supplements the Statement on Schedule 13D originally filed by Balan Nair (the "Reporting Person" or "Mr. Nair") with the Securities and Exchange Commission (the "SEC") on February 27, 2023 (the "Original Statement"), as amended by Amendment No. 1 thereto filed by Mr. Nair with the SEC on March 14, 2024 (together with the Original Statement and the Amendment, the "Schedule 13D"), and relates to (i) the Liberty Latin America Class A common shares, par value $0.01 per share (the "Class A common shares"), of the Issuer, and (ii) pursuant to Rule 13d-3 under the Securities Exchange of 1934, as amended (the "Act"), the Class A common shares issuable upon conversion of the Liberty Latin America Class B common shares, par value $0.01 per share, of the Issuer (the "Class B common shares"). Capitalized terms used but not defined herein have the meanings given to such terms in the Schedule 13D. This Amendment is being filed by Mr. Nair to report his disposition on March 27, 2026 of beneficial ownership of 1,363,080 Class A common shares and his acquisition of 132,813 Class B common shares on March 30, 2026 in connection with the vesting of Class B common share performance share units. Except as set forth herein, the Schedule 13D is unmodified.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Mr. Nair may be deemed to beneficially own Class A common shares and Class B common shares of the Issuer as follows:  Actual ownership: 93 Class A common shares (or 0% of the class) and 561,563 Class B common shares (or 22.2% of the class) (1).  Deemed Beneficial Ownership: 712,808 Class A common shares (or 1.8% of the class) (2)(3)(4); and 561,563 Class B common shares or (22.2% of the class) (3).  (1) Based upon approximately 38.9 million Class A common shares and 2.4 million Class B common shares, in each case, outstanding as of January 31, 2026, as reported by the Issuer in its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 18, 2026.  (2) Includes, as required by Rule 13d-3 under the Exchange Act, (a) 151,152 Class A common shares issuable upon exercise of 788,870 share appreciation rights to acquire Class A common sharesthat were vested as the date of filing of this Amendment No. 2 to Schedule 13D (the "Filing Date") (b) 561,563 Class A common shares issuable upon conversion of 561,563 Class B common shares held by Mr. Nair as of the Filing Date.  (3) Each Class B common share is convertible, at the option of the holder, into one Class A common share.  Each Class A common share is entitled to one vote, whereas each Class B common share is entitled to ten votes.  These two classes of shares generally vote together as a single class on all matters.  Accordingly, in the election of directors of the Issuer, Mr. Nair may be deemed to beneficially own voting equity securities representing approximately 9.1% of the voting power of the Issuer, based on the number of shares outstanding specified above and assuming that Mr. Nair has not converted any of his Class B common shares into Class A common shares.  (4) Excludes 2,179,010 share appreciation rights to acquire Class A common shares held by Mr. Nair on the Filing Date, all of which have an exercise price that exceeded the closing market price of Class A common shares on the Filing Date.

**(b)**
Mr. Nair has the sole power to vote and to dispose of, or to direct the voting or disposition of, his common shares of the Issuer.

**(c)**
See Item 3 above, which is incorporated herein by reference. Other than as described herein, the Reporting Person has not effected any transactions in the Issuer's common shares during the past sixty days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

On March 27, 2026, the Issuer entered into an exchange agreement with Mr. Nair pursuant to which he agreed to exchange 1,363,080 Class A common shares,  for 1,300,243 Class C common shares of the Issuer (the "LILAK Share Exchange"). The LILAK Share Exchange is exempt pursuant to Section 3(a)(9) of the Securities Act of 1933, as amended, and closed on March 27, 2026. Mr. Nair continues to support the long-term business strategy of the Issuer, but desired to effect the LILAK Exchange for tax planning purposes in light of certain requirements imposed by the Net Controlled Foreign Corporation Tested Income regime. This regime imposes certain additional taxes on the foreign earnings of U.S. shareholders of certain foreign corporations in the event that the voting power held by such shareholder exceeds 10% of the issued and outstanding shares of the Issuer.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Nair Balan

**Signature:** /s/ Balan Nair

**Name/Title:** Balan Nair

**Date:** 03/31/2026