Mindlin Marcos Marcelo 4

What Happened
Marcos Marcelo Mindlin, a reported 10% owner of Pampa Energy Inc. (PAM), sold 1,800,000 shares on May 8, 2026. The reported per‑share price was $3.35 (USD), producing gross proceeds of approximately $6,033,600. This transaction is a sale (routine disposition) rather than a purchase, and does not by itself indicate company outlook.

Key Details

• Transaction date: May 8, 2026; Transaction type: sale (open market or private sale per filing)
• Price reported: $3.35 per share (USD); Total proceeds: ~$6,033,600
• Shares owned after transaction: not disclosed in the provided filing excerpt
• Filing date: May 11, 2026 — Form 4 was filed within the SEC two‑business‑day window (timely)
• Footnote: Prices converted to USD using an ARS/USD exchange rate of 1,398 on the trade date (Bloomberg)

Context
As a 10% owner, Mindlin is a large holder but not necessarily an executive; such sales can be routine portfolio/liquidity actions. The filing shows a disposal (S) rather than an acquisition or option exercise; no 10b5‑1 plan, tax withholding, or other special mechanics are noted in the provided data.