CRESUD (CRESY) Director Fernando Elsztain Sells Shares

What Happened
Fernando Adrian Elsztain, a director of CRESUD Inc. (CRESY), reported two open-market sales of ordinary shares. On April 21, 2026 he sold 31,000 shares at an indicated USD-equivalent price of $1.16 (≈ $35,960). On June 11, 2026 he sold 70,000 shares at an indicated USD-equivalent price of $1.26 (≈ $88,200). Combined proceeds from the two transactions are approximately $124,160. These were sales (not purchases), which are often routine personal transactions rather than explicit positive signals about the company.

Key Details

• Transaction dates and prices:
  • 2026-04-21: 31,000 shares sold at reported USD $1.16 per share (≈ $35,960) — see footnote F1.
  • 2026-06-11: 70,000 shares sold at reported USD $1.26 per share (≈ $88,200) — see footnote F2.
• Total shares sold: 101,000; total reported proceeds ≈ $124,160.
• Shares owned after transaction: Not specified in the excerpt provided.
• Footnotes on pricing: Reported USD prices are equivalents of Argentine Peso (ARS) prices using implied exchange rates derived from the issuer’s ADS (NYSE) vs. local ordinary share (BYMA) closing prices (F1 and F2 explain the ARS-per-share and implied ARS/USD rates).
• Filing timeliness: The Form 4 was filed on 2026-07-30 for transactions dated 2026-04-21 and 2026-06-11. This filing is later than the typical two-business-day deadline for Form 4 filings, which reduces prompt public transparency.

Context

• These were straightforward open-market sales by a company director. Sales can reflect personal liquidity needs or portfolio management; they do not necessarily indicate management’s view of company fundamentals.
• No option exercises, gifts, or 10b5-1 plan disclosures are noted in the provided excerpt.