IRSA (IRS) Director Fernando Elsztain Sells 5,524 Shares

What Happened
Fernando Adrian Elsztain, a director of IRSA Investments & Representations Inc. (IRS), disposed of 5,524 ordinary shares on April 9, 2026. The reported USD equivalent price was $1.69 per share, for total proceeds of approximately $9,336. The transaction is reported as an open market or private sale (code S).

Key Details

• Transaction date: April 9, 2026
• Transaction type/code: Sale (S) — open market or private sale
• Price: $1.69 per share (USD equivalent) — Total proceeds ≈ $9,336
• Footnote (F1): $1.69 USD/share equals ARS 2,482.26 per ordinary share using an implied exchange rate of 1,468.47 ARS = $1.00 USD; this rate is derived from the Issuer's GDS closing price on the NYSE vs. underlying BYMA ordinary share price, adjusted for 10 ordinary shares per 1 GDS.
• Shares owned after transaction: not provided in the supplied filing data
• Filing: Form 4 filed July 30, 2026 (Accession No. 0001654954-26-007024) — this filing was submitted 112 days after the reported trade (late relative to the typical 2-business-day Form 4 requirement).

Context
Sales by insiders are common for liquidity or portfolio reasons and do not by themselves indicate a change in insider sentiment. Note that the reported USD amounts are conversion-based and reflect an implied FX rate and the 10:1 GDS-to-ordinary share ratio, which can materially affect the USD-equivalent numbers.