Mindlin Marcos Marcelo 4

What Happened Mindlin Marcos Marcelo, a reported 10% owner of Pampa Energy Inc. (PAM), made two purchases of common stock in late June 2026. He acquired 739,178 shares on 2026-06-24 at an effective price of $3.35 per share (USD equivalent) for $2,479,942, and 383,600 shares on 2026-06-25 at $3.37 per share for $1,290,814. Total shares bought: 1,122,778 for a combined value of $3,770,756. These were purchases (transaction code P), which represent insider buying rather than selling.

Key Details

• Transaction dates and prices:
  • 2026-06-24: 739,178 shares @ $3.35 (USD eq.) = $2,479,942 (footnote F1)
  • 2026-06-25: 383,600 shares @ $3.37 (USD eq.) = $1,290,814 (footnote F2)
• Total purchased: 1,122,778 shares for $3,770,756.
• Filing: Form 4 filed 2026-06-26 (appears to be within standard reporting window).
• Footnotes: F1/F2 indicate prices were converted to USD from ARS using Bloomberg exchange rates (ARS/USD = 1,479 on 6/24 and 1,477 on 6/25).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction code: P = Purchase (open market or private purchase).

Context As a 10% owner, Mindlin is a significant shareholder but may not be an executive; purchases by large shareholders can be interpreted as a positive signal by some investors because they increase their stake. This filing reports direct purchases rather than option exercises, gifts, or awards. The facts above are transactional—no motive or future plans are disclosed in the Form 4.