Urricelqui Alejandro Alberto 4

What Happened

• Alejandro Alberto Urricelqui, a director of Telecom Argentina S.A. (TEO), made an open-market purchase on June 2, 2026. He acquired 38,890 American Depositary Receipts (ADRs) at $13.43 per ADR, for a reported total of $522,293. Each ADR represents five Class B shares, so the purchase equals 194,450 underlying Class B shares.
• After this transaction, the filing shows he holds 76,978 ADRs, which represent 384,890 Class B shares in total. This was a purchase (a direct acquisition rather than a sale).

Key Details

• Transaction date and price: June 2, 2026 — 38,890 ADRs at $13.43 per ADR; total reported value $522,293.
• Holdings after transaction: 76,978 ADRs = 384,890 Class B shares.
• Footnotes: (F1) Price reported is per ADR. (F2) Each ADR = 5 Class B shares; the filing’s share totals are reported in ADR form.
• Timeliness: Filed June 4, 2026 for a June 2 transaction — appears to be a timely Form 4 filing (not marked late).

Context

• ADRs are U.S.-traded receipts representing foreign shares; here each ADR equals five Class B shares. This purchase increases the director’s direct economic exposure to Telecom Argentina stock.
• Purchases by insiders are often watched by investors as potentially informative, but the filing provides no statement of motive; do not infer reasons beyond the recorded facts.