ELSZTAIN EDUARDO S 4

What Happened
Eduardo S. Elsztain, reported as a 10% owner of IRSA Investments & Representations Inc. (IRS), sold a total of 30,428 shares in two reported transactions. On 2026-03-18 he disposed of 10,428 shares at 2,156.03 per share (reported in Argentine pesos) for ARS 22,483,081; on 2026-03-19 he disposed of 20,000 shares at 2,115.00 per share for ARS 42,300,000. These were sales (dispositions), not purchases.

Key Details

• Transaction dates and prices:
  • 2026-03-18: sold 10,428 shares @ 2,156.03 ARS (proceeds ARS 22,483,081)
  • 2026-03-19: sold 20,000 shares @ 2,115.00 ARS (proceeds ARS 42,300,000)
• Total shares sold: 30,428; total proceeds reported: ARS 64,783,081.
• Shares owned after transaction: not specified in the filing.
• Transaction type as reported: "Open market or private sale (S)".
• Footnote: prices and totals reported in Argentine pesos (ARS).
• Filing date: 2026-03-19 (covering transactions on 2026-03-18 and 2026-03-19); no late-filing flag indicated in the provided data.

Context

• As a 10% owner, Elsztain is a significant shareholder rather than necessarily a company executive; such large-holder sales can be driven by diversification or liquidity needs and do not by themselves indicate company performance.
• These were outright sales (no options exercise, gift, or award reported). Purchases tend to be more informative of insider sentiment; sales are common and can be routine.