Cresud director sells 101,000 common shares

Cresud Inc director Fernando Adrian Elsztain reported two open-market sales of the company’s common shares.

Rhea-AI Filing Summary

Cresud Inc director Fernando Adrian Elsztain reported two open-market sales of the company’s common shares. On April 21, 2026, he sold 31,000 shares at USD 1.16 per share, the U.S. dollar equivalent of ARS 1,710.07 per ordinary share using an implied rate of 1,475.20 ARS per USD. On June 11, 2026, he sold 70,000 shares at USD 1.26 per share, the equivalent of ARS 1,876.13 per ordinary share using an implied rate of 1,487.02 ARS per USD, based on NYSE ADS prices and a ratio of 10 ordinary shares per 1 ADS.

Insider Trade Summary

Net Seller: 101,000 shares

Net Sell 2 txns

Insider Elsztain Fernando Adrian

Role Director

Sold 101,000 shs ($124K)

Type	Security	Shares	Price	Value
Sale	Common Shares F2	70,000	$1.26	$88K
Sale	Common Shares F1	31,000	$1.16	$36K

Holdings After Transaction: Common Shares — 685,121 shares (Direct)

Footnotes (2)

1. F1. The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,710.07 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,475.20 ARS per 1.00 USD, resulting in a reported price of USD 1.16 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on April 21, 2026, relative to the closing price of the underlying ordinary shares on the Bolsas y Mercados Argentinos (BYMA), adjusting for the ratio of 10 ordinary shares per 1 ADS.
2. F2. The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,876.13 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,487.02 ARS per 1.00 USD, resulting in a reported price of USD 1.26 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on June 11, 2026, relative to the closing price of the underlying ordinary shares on the Bolsas y Mercados Argentinos (BYMA), adjusting for the ratio of 10 ordinary shares per 1 ADS.

Key Figures

Shares sold on 2026-04-21: 31000 shares USD price on 2026-04-21: USD 1.16 per share ARS price on 2026-04-21: ARS 1,710.07 per ordinary share +5 more

8 metrics

Shares sold on 2026-04-21 31000 shares Open-market sale of Cresud common shares by director Fernando Adrian Elsztain

USD price on 2026-04-21 USD 1.16 per share U.S. dollar equivalent price for the 31,000-share sale

ARS price on 2026-04-21 ARS 1,710.07 per ordinary share Local-currency price underlying the April 21 transaction

Implied FX rate on 2026-04-21 1,475.20 ARS per 1.00 USD Rate used to convert ARS share price into USD for reporting

Shares sold on 2026-06-11 70000 shares Open-market sale of Cresud common shares by director Fernando Adrian Elsztain

USD price on 2026-06-11 USD 1.26 per share U.S. dollar equivalent price for the 70,000-share sale

ARS price on 2026-06-11 ARS 1,876.13 per ordinary share Local-currency price underlying the June 11 transaction

Implied FX rate on 2026-06-11 1,487.02 ARS per 1.00 USD Rate used to convert ARS share price into USD for reporting

Key Terms

American Depositary Shares (ADS), Bolsas y Mercados Argentinos (BYMA), implied exchange rate, ordinary shares

4 terms

American Depositary Shares (ADS) financial

"derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE"

American depositary shares (ADS) are a way for investors in the United States to buy shares of foreign companies without dealing with the complexities of international markets. They represent ownership in a foreign company's stock and are traded on U.S. exchanges, making it easier and more convenient for Americans to invest internationally. ADSs allow investors to diversify their portfolios with foreign companies while using familiar trading platforms.

Bolsas y Mercados Argentinos (BYMA) financial

"relative to the closing price of the underlying ordinary shares on the Bolsas y Mercados Argentinos (BYMA)"

implied exchange rate financial

"This equivalent is calculated based on an implied exchange rate of 1,475.20 ARS per 1.00 USD"

ordinary shares financial

"ARS 1,710.07 per ordinary share and ARS 1,876.13 per ordinary share in local pricing"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What Cresud (CRESY) insider transactions occurred on April 21, 2026?

On April 21, 2026, director Fernando Adrian Elsztain sold 31,000 Cresud common shares at USD 1.16 per share. The price reflects ARS 1,710.07 per ordinary share, converted using an implied rate of 1,475.20 ARS per USD and a 10:1 ordinary-to-ADS ratio.

What Cresud (CRESY) insider transactions occurred on June 11, 2026?

On June 11, 2026, director Fernando Adrian Elsztain sold 70,000 Cresud common shares at USD 1.26 per share. This corresponds to ARS 1,876.13 per ordinary share, using an implied rate of 1,487.02 ARS per USD based on NYSE ADS and BYMA prices.

How many Cresud (CRESY) shares did director Fernando Adrian Elsztain sell in total?

Across the reported transactions, Fernando Adrian Elsztain sold a total of 101,000 Cresud common shares. This includes 31,000 shares on April 21, 2026, at USD 1.16 and 70,000 shares on June 11, 2026, at USD 1.26 per share.

How were Cresud (CRESY) Form 4 share prices converted from ARS to USD?

Reported USD prices are equivalents of ARS prices per ordinary share. They use implied exchange rates (1,475.20 and 1,487.02 ARS per USD) derived from NYSE ADS prices versus BYMA ordinary-share prices, adjusting for 10 ordinary shares per 1 ADS.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/30/2026 - 02:39 PM Accepted by SEC EDGAR 07/30/2026 - 02:29 PM Learn about SEC filing dates

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^*

Elsztain Fernando Adrian

(Last) (First) (Middle)

CARLOS DELLA PAOLERA 261

(Street)

BUENOS AIRES C1001ADA

(City) (State) (Zip)

ARGENTINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
CRESUD INC [ CRESY ]

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

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		31,000	D	$1.16(1)	755,121	D
Common Shares	06/11/2026		S		70,000	D	$1.26(2)	685,121	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:

1. The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,710.07 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,475.20 ARS per 1.00 USD, resulting in a reported price of USD 1.16 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on April 21, 2026, relative to the closing price of the underlying ordinary shares on the Bolsas y Mercados Argentinos (BYMA), adjusting for the ratio of 10 ordinary shares per 1 ADS.

2. The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,876.13 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,487.02 ARS per 1.00 USD, resulting in a reported price of USD 1.26 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on June 11, 2026, relative to the closing price of the underlying ordinary shares on the Bolsas y Mercados Argentinos (BYMA), adjusting for the ratio of 10 ordinary shares per 1 ADS.

	Amalia Cristina Sternheim by POA for Fernando Adrian Elsztain	07/30/2026
	** 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)