Mindlin Marcos Marcelo 4

What Happened

• Marcos Marcelo Mindlin, reported as a 10% owner of Pampa Energy Inc. (PAM), sold 1,800,000 shares on May 19, 2026. The filing reports a per-share price of $3.48 and a total proceeds amount of $6,265,800. The transaction is reported as a sale (code S), indicated as an open market or private sale.

Key Details

• Transaction date: 2026-05-19; Filing date: 2026-05-21 (timely within standard Form 4 reporting window).
• Price per share reported: $3.48; reported total proceeds: $6,265,800.
• Shares owned after the transaction: Not disclosed in the provided filing data.
• Footnote: Prices were converted to U.S. dollars using an ARS/USD exchange rate of 1,398 on the trade date (per Bloomberg).
• Transaction code: S = Sale.

Context

• As a 10% owner (large shareholder), Mindlin is a major investor rather than necessarily an executive; such sales can reflect liquidity needs or portfolio rebalancing and do not, by themselves, indicate company prospects. This was a sale (not a purchase or option exercise), so it is generally less informative about insider confidence than a purchase. The filing appears to have been submitted within the typical two-business-day Form 4 window.