Mindlin Marcos Marcelo 4

What Happened

• Mindlin Marcos Marcelo, a reported 10% owner of Pampa Energy Inc. (PAM), purchased 287,916 shares on 2026-06-26 at a USD-converted price of $3.37 per share, for a total reported value of approximately $969,125. The transaction is recorded as a purchase (code P), indicating an open-market or private purchase.

Key Details

• Transaction date: 2026-06-26; Form 4 filed: 2026-06-29.
• Price/share (USD-converted): $3.37; Shares acquired: 287,916; Total value: ~$969,125.
• Shares owned after transaction: not disclosed in the filing.
• Footnote: USD prices were converted from ARS using an ARS/USD rate of 1,477 on the trade date (Bloomberg).
• Transaction code: P = Purchase (open-market or private purchase).

Context

• As a 10% owner, Mindlin is a significant insider/large shareholder rather than necessarily an executive; Section 16 reporting rules apply to these holdings. Insider purchases can be of interest to investors because they increase an insider’s stake, but they do not by themselves explain the insider’s motivation.