Millicom EVP Amends Initial Ownership Statement to Report Performance Cash Award Units

Executive Summary

On October 13, 2026, Karim Antonio Lesina, Executive Vice President and CEA Officer of Millicom International Cellular SA ($TIGO), filed an amended initial statement of beneficial ownership (Form 3/A). The amendment adds 12,251 Performance Cash Award Units (PCA Units) that were inadvertently omitted from his initial Form 3 filing dated March 18, 2026.

Filing & Holding Details

• Issuer: Millicom International Cellular SA ($TIGO)
• Reporting Person: Karim Antonio Lesina (EVP, CEA Officer)
• Derivative Security: Performance Cash Award Units
• Underlying Shares: 12,251 Common Shares
• Vesting Schedule: Units vest in substantially equal installments on January 1, 2027, and January 1, 2028, subject to continued service.
• Award Characteristics: Granted under the 2025 Performance Cash Award Program, payable in cash based on the closing price of common shares plus dividends, reflecting 173.41% performance achievement.

Market Impact & Significance

This filing represents an administrative correction rather than an active buy or sell transaction in the open market. Consequently, the trading significance is rated Low, with neutral implications for market sentiment.