MILLICOM (TIGO) EVP Karim Lesina discloses initial share and SAR holdings

Rhea-AI Filing Summary

MILLICOM INTERNATIONAL CELLULAR SA executive Karim Antonio Lesina, EVP and CEA Officer, reported his initial holdings. He directly holds 160,598 common shares, including 34,400 common shares subject to restricted share units that vest based on continued service. He also holds stock appreciation rights over 19,816 underlying common shares with a $20.30 exercise price, exercisable from January 1, 2027 and expiring on January 1, 2034, which upon exercise are settled in cash based on share price appreciation.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Lesina Karim Antonio

Role EVP, CEA Officer

Type	Security	Shares	Price	Value
holding	Stock Appreciation Rights	--	--	--
holding	Common Shares	--	--	--

Holdings After Transaction: Stock Appreciation Rights — 19,816 shares (Direct); Common Shares — 160,598 shares (Direct)

Footnotes (1)

1. Includes 34,400 common shares subject to outstanding restricted share units granted to the reporting person in consideration for service to the issuer which vest based on the reporting person's continued service through the applicable vesting dates. Upon exercise, each stock appreciation right entitles the reporting person to an amount in cash equal to the excess of the fair market value of a common share of the issuer over the exercise price per common share, subject to the reporting person's continued service through the date exercisable.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Lesina Karim Antonio

(Last) (First) (Middle)

C/O MILLICOM INTERNATIONAL CELLULAR S.A.

8400 NW 36TH STREET, SUITE 530

(Street)

DORAL FLORIDA 33166

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
MILLICOM INTERNATIONAL CELLULAR SA [ TIGO ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CEA Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	160,598(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Rights	01/01/2027	01/01/2034	Common Shares	19,816(2)	$20.3	D

Explanation of Responses:

1. Includes 34,400 common shares subject to outstanding restricted share units granted to the reporting person in consideration for service to the issuer which vest based on the reporting person's continued service through the applicable vesting dates.

2. Upon exercise, each stock appreciation right entitles the reporting person to an amount in cash equal to the excess of the fair market value of a common share of the issuer over the exercise price per common share, subject to the reporting person's continued service through the date exercisable.

	/s/ Karim Lesina	03/18/2026
	** Signature of Reporting Person	Date
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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What insider position does Karim Antonio Lesina hold at MILLICOM INTERNATIONAL CELLULAR SA (TIGO)?

Karim Antonio Lesina serves as EVP and CEA Officer at MILLICOM INTERNATIONAL CELLULAR SA. His Form 3 filing reports initial ownership of common shares and stock appreciation rights, reflecting his equity-linked compensation and alignment with the company’s long-term performance.

How many MILLICOM (TIGO) common shares does Karim Antonio Lesina report owning on Form 3?

He reports direct ownership of 160,598 common shares of MILLICOM. This total includes standard common shares as well as shares tied to equity awards, giving him a meaningful personal stake in the company’s performance as disclosed in the filing.

What restricted share units are included in Karim Antonio Lesina’s holdings in TIGO?

His position includes 34,400 common shares subject to outstanding restricted share units. These RSUs were granted for service to the company and will vest over time, conditioned on his continued service through the applicable vesting dates described in the disclosure.

What stock appreciation rights does Karim Antonio Lesina hold in MILLICOM (TIGO)?

He holds stock appreciation rights linked to 19,816 underlying common shares with an exercise price of $20.30 per share. These rights become exercisable on January 1, 2027 and expire on January 1, 2034, providing cash based on future share price appreciation.

How are Karim Antonio Lesina’s stock appreciation rights in TIGO settled upon exercise?

Upon exercise, each stock appreciation right entitles him to a cash amount equal to the excess of the fair market value of a MILLICOM common share over the $20.30 exercise price, subject to his continued service through the exercisable date outlined in the award terms.

Does Karim Antonio Lesina’s Form 3 show any recent buy or sell transactions in TIGO shares?

The Form 3 does not show buy or sell transactions; it reports holdings only. Entries cover direct ownership of common shares, restricted share units, and stock appreciation rights, establishing his baseline equity position rather than documenting market trades or recent share purchases or sales.