Mindlin Marcos Marcelo 4

What Happened
Mindlin Marcos Marcelo, a reported 10% owner of Pampa Energy Inc. (PAM), sold 1,250,000 shares on 2026-04-20 in an open-market or private sale. The filing lists a per-share USD price of $3.43 and total proceeds of $4,286,250 (USD-equivalent).

Key Details

• Transaction date: 2026-04-20; Form 4 filed 2026-04-21 (next day).
• Type: Sale (code S) — open-market or private sale.
• Price reported (USD-equivalent): $3.43 per share; total proceeds reported $4,286,250.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: Prices converted to USD using ARS/USD exchange rate of 1,377 on the trade date (Bloomberg).
• Insider status: Mindlin is a 10% owner (significant holder), not necessarily an executive.

Context
Sales by large shareholders can reflect diversification or other non-market-movement reasons; unlike purchases, they are generally less informative about insider bullishness. The filing appears timely (filed the next day).