Director at Adecoagro (NYSE: AGRO) sells 1,163 common shares

Rhea-AI Filing Summary

Adecoagro S.A. director Leon Bentancor Oscar Alejandro reported an open-market sale of company stock. On April 21, 2026, he sold 1,163 common shares of Adecoagro S.A. at an average price of $13.034 per share.

After this transaction, he directly owns 8,775 common shares. The filing shows no derivative positions, so this sale reflects a straightforward reduction in his directly held common share position.

Insider Trade Summary

Net Seller: 1,163 shares ($15,159)

Net Sell 1 txn

Insider Leon Bentancor Oscar Alejandro

Role null

Sold 1,163 shs ($15K)

Type	Security	Shares	Price	Value
Sale	Common shares	1,163	$13.034	$15K

Holdings After Transaction: Common shares — 8,775 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 1,163 shares Sale price per share: $13.034 per share Shares held after transaction: 8,775 shares +1 more

4 metrics

Shares sold 1,163 shares Open-market sale of common shares on April 21, 2026

Sale price per share $13.034 per share Average price for the 1,163 common shares sold

Shares held after transaction 8,775 shares Director’s direct common share holdings after the sale

Net shares sold 1,163 shares Net share change in transaction summary (net-sell direction)

Key Terms

open-market sale, non-derivative, direct ownership

3 terms

open-market sale financial

"The transaction_action field describes the trade as an open-market sale."

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

non-derivative financial

"The transaction_type is listed as non-derivative, indicating common shares."

direct ownership financial

"The ownership_type is recorded as direct for this share sale."

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Leon Bentancor Oscar Alejandro

(Last) (First) (Middle)

28 BOULEVARD F.W. RAIFFEISEN

(Street)

LUXEMBOURG L-2411

(City) (State) (Zip)

LUXEMBOURG

(Country)

2. Issuer Name and Ticker or Trading Symbol
Adecoagro S.A. [ AGRO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol
[AGRO]

3. Date of Earliest Transaction (Month/Day/Year)
04/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common shares	04/21/2026		S		1,163	D	$13.034	8,775	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

The Insider sold the shares in order to cover tax obligations relating to the grant of his restricted shares.

	/s/ Ezequiel Torres, as attorney-in-fact	04/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Adecoagro (AGRO) director Leon Bentancor do in this Form 4?

Adecoagro director Leon Bentancor reported an open-market sale of 1,163 common shares. The transaction was recorded on April 21, 2026, and reflects a small reduction in his directly held Adecoagro equity stake.

How many Adecoagro (AGRO) shares did the director sell and at what price?

The director sold 1,163 Adecoagro common shares at an average price of $13.034 per share. This was an open-market transaction, meaning the shares were sold through normal trading on the market or a similar venue.

How many Adecoagro (AGRO) shares does Leon Bentancor hold after the sale?

Following the reported sale, Leon Bentancor directly holds 8,775 Adecoagro common shares. This remaining position indicates he continues to maintain a meaningful personal stake in the company after the transaction.

Was the Adecoagro (AGRO) insider trade in derivatives or common shares?

The reported transaction involved Adecoagro common shares only, not derivatives. The Form 4 classifies the trade as a non-derivative open-market sale, and there is no accompanying disclosure of options or other derivative positions.

Does the Adecoagro (AGRO) Form 4 mention any indirect ownership or entities?

The Form 4 notes the transaction as direct ownership, with no separate entity or indirect ownership structure referenced. There are no footnotes describing voting or investment control by any trust, partnership, or similar vehicle.