CRESUD (CRESY) Director Fernando Elsztain Sells Shares

What Happened

• Fernando Elsztain (Director) sold a total of 39,385 ordinary shares of CRESUD Inc. in three transactions: 4,385 shares on July 6 at $1.11 each ($4,867), 15,000 shares on July 21 at $1.13 each ($16,950), and 20,000 shares on July 22 at $1.17 each (~$23,400). All transactions are reported as sales (S) conducted in the open market or private sale.
• These were outright sales (not purchases or option exercises). Sales are often routine insider activity and do not by themselves indicate the director’s future view on the company.

Key Details

• Transaction dates & prices:
  • July 6, 2026 — 4,385 shares @ $1.11 each (reported USD equivalent) — $4,867
  • July 21, 2026 — 15,000 shares @ $1.13 each (reported USD equivalent) — $16,950
  • July 22, 2026 — 20,000 shares @ $1.17 each (reported USD equivalent) — $23,400
• Total sold: 39,385 shares for ~ $45,217.
• Shares owned after transaction: Not disclosed in the provided excerpt of the Form 4.
• Notable footnotes: Reported USD prices are conversions from Argentine Pesos using implied exchange rates derived from the company’s ADS (NYSE) vs. ordinary share (BYMA) closing prices and reflect the 10 ordinary shares = 1 ADS ratio (see footnotes F1–F3).
• Filing timeliness: The Form 4 was filed July 30, 2026 while the transactions occurred July 6, 21 and 22 — the filing appears to have been submitted after the usual 2-business-day reporting window.

Context

• These were sales (code S), not option exercises or awards. No 10b5-1 trading plan, tax-withholding, or other special conditions are indicated in the provided details.
• The reported per-share USD prices are derived conversions and reflect exchange-rate and ADS/ordinary share adjustments; underlying prices were quoted in Argentine Pesos on BYMA.