Mindlin Marcos Marcelo 4

What Happened Mindlin Marcos Marcelo, listed as a 10% owner of Pampa Energy Inc. (PAM), sold 1,675,000 shares on April 16, 2026. The filing reports a U.S. dollar-equivalent sale price of $3.54 per share, for total proceeds of $5,929,500. This was a sale (S) — a disposition of shares rather than a purchase — which is often routine and does not by itself indicate a change in company outlook.

Key Details

• Transaction date: April 16, 2026; Form 4 filed April 17, 2026 (filed timely).
• Transaction type: Sale (S) — described as "open market or private sale" in the filing.
• Price and proceeds: $3.54 per share (USD equivalent); total proceeds $5,929,500.
• Currency conversion: Prices converted to USD using ARS/USD rate of 1,358 on the trade date, per filing footnote.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Insider status: 10% owner (significant shareholder), not necessarily an executive trade.

Context 10% owners are large shareholders; their trades can reflect portfolio rebalancing, liquidity needs, or other personal/institutional reasons and are not the same as insider executive purchases that some investors view as a stronger bullish signal. The filing shows a converted USD amount — note that exchange-rate choice affects the dollar headline.