CRESUD (CRESY) Director Fernando Elsztain Sells Shares

What Happened Fernando Adrian Elsztain, a director of CRESUD Inc. (CRESY), sold a total of 100,000 ordinary shares in two open‑market transactions: 35,000 shares on 2026-09-09 at a reported USD equivalent price of $1.19 (proceeds $41,650) and 65,000 shares on 2026-09-10 at $1.25 (proceeds $81,250). Both transactions are reported as sales (code S). Aggregate proceeds from the two trades were approximately $122,900. Insider sales are often routine and do not by themselves indicate management’s view of the company.

Key Details

• Transaction dates & prices:
  • 2026-09-09: 35,000 shares @ $1.19 — proceeds $41,650 (Footnote F1)
  • 2026-09-10: 65,000 shares @ $1.25 — proceeds $81,250 (Footnote F2)
• Total shares sold: 100,000; total reported proceeds: ~$122,900.
• Shares owned after transaction: not stated in the provided filing.
• Filing: Form 4 filed 2026-09-14 (Period of Report includes 2026-09-09). This Form 4 was filed several days after the first trade and appears to be outside the usual 2-business-day window for insider reporting.
• Footnote highlights:
  • F1/F2 explain the reported USD prices are equivalents of ARS prices per ordinary share (using implied ARS→USD exchange rates of 1,587.25 and 1,594.77, respectively) and account for the 10 ordinary shares per 1 ADS ratio when comparing BYMA and NYSE pricing.
• No 10b5‑1 plan, tax withholding, gift, or derivative/exercise language was indicated in the details provided.

Context Insider sales are common and may be for personal-liquidity reasons (taxes, diversification, etc.); they are typically less informative than insider purchases as a signal. For retail investors, this filing documents a modest insider sale (~$123k) and includes currency/ADS conversions that affect the reported USD price per ordinary share.