Telecom Argentina (TEO) Director Luis A. Gonzalez Baruki Sells 188,500 Shares

What Happened
Luis Alberto Gonzalez Baruki, a director of Telecom Argentina S.A. (TEO), sold 188,500 ordinary shares in an open-market transaction on August 20, 2026. The filing reports a weighted-average sale price of $2.78 per share for total proceeds of $523,992 (U.S. dollar conversion applied per footnote).

Key Details

• Transaction date: 2026-08-20 (reported on Form 4 filed 2026-08-26 — filing appears late relative to the transaction).
• Transaction type/code: Sale (S) — open market or private sale.
• Shares sold: 188,500; weighted-average price: $2.78 per share; total reported proceeds: $523,992.
• Price range: sold in multiple trades at prices between $2.7655 and $2.7923 (footnote F1).
• Currency conversion: sale price converted to USD using Banco de la Nacion Argentina rate on date of sale (US$1.00 = AR$1,497) (footnote F2).
• Shares owned after transaction: Not specified in the information provided on this summary (check the full Form 4 for the post-transaction holdings).
• Filing timeliness: The Form 4 was filed six days after the trade date; this is later than the typical 2-business-day reporting requirement and is noted here for investors.

Context
This was a sale by a company director. Sales are common and can be for many personal reasons; they are generally less informative about a director’s view of company prospects than purchases. No options exercise, gift, or 10b5-1 plan is indicated in the provided details; see the full Form 4 for any additional disclosures or related transaction details.